News / International
Saudi Arabia, Russia to Extend Oil Cut until March 2018
Saudi Arabia and Russia, agreed on the need to extend output cut to rein in a global crude glut.
Saudi Arabia to Help Build Equatorial Guinea’s Bioko Oil Terminal
Equatorial Guinea has signed a strategic agreement with Saudi Arabia stating that the Gulf country will cooperate with the African country in the construction and financing of the Bioko Oil Terminal tank farm project.
Total Signs Oil, Gas Exploration Deal Offshore Mauritania
The agreement with Mauritania's state-run oil company SMHPM will allow Total to hold a 90% operating stake in Block C7.
S Africa Evaluates 5 Shale Gas Exploration Applications
The recommendations are expected to be finalized soon, after the delay that was caused by the environmental objections.
Iranian Exports to South Korea Falls
The export of Iran’s five main commodities shipped to the European Union (EU) has seen a significant increase in value in the last Iranian year.
Libya’s NOC Refutes Gas, Fuel Shortage Claims
The shortage claims came as many cities suffered from high temperatures coupled with long hours of power outage.
OPEC Loses $76b for US Shale
OPEC lost $76b in 2016 due to low oil prices caused by rising US oil production.
NNPC Develops Scheme to Boost Gas Supply
NNPC, along with its partners, has developed a scheme to grow gas supply for domestic consumption by 285%.
