A preliminary data released from the South Korean Ministry of Trade, Industry and Energy, showed that oil imports reduced 7.5% to 82.7 million barrels in December 2020 compared to 89.5 million barrels in the same month of the previous year.
ADNOC Distribution announced that it has finalized the implementation of the agreement to acquire 15 service stations in Saudi Arabia at a cost of $10 million, reaffirming its commitment to expand its businesses in the kingdom.
Italy’s Edison sold its exploration and production (E&P) assets in Norway to Sval Energi, Norwegian oil and gas group, for $300 million to focus on clean energy.
Russian oil and gas company, LUKOIL, produced 35 million tons (mmt) at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.
The Oil Minister, Dharmendra Pradhan has inaugurated Indian first remote monitoring system center for tracking oil refineries’ turbines in Hyderabad.
Eni’s Chief Executive Officer (CEO), Claudio Descalzi, and the Director General of the International Cooperation Center of the National Development and Reform Commission (ICC-NDRC), Huang Yong, signed a Memorandum of Understanding (MoU) to promote energy cooperation between Eni and China.
The Mexican government has issued new regulations limiting private firms to import fuel.
Saudi Aramco has made four new oil and gas discoveries in the Kingdom, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, stated.
Karim Hattab, Iraq’s Deputy Oil Minister for Distribution Affairs stated that the country will work on increasing crude oil export capacity from its southern ports.
Bolivia has made a new natural gas discovery of 1 trillion cubic feet (tcf) in the Caipipendi field of the southern department of Chuquisaca and the country plans for its exploitation in 2021.
