News / International
Iraq, Algeria Signal Consensus on OPEC Cuts
OPEC and major oil exporters reached consensus to extend the limits of cuts until the end of 2017.
Higher Oil Prices Shrink Saudi Deficit
A strengthening in Saudi Arabia's government finances has allowed the kingdom to stop drawing down its foreign assets.
Iran to Export Oil to the Philippines
The Iranian oil is expected to feed Philippines’ new refinery, which will be launched in the next three years.
EnerMech, Khudairi Group Launch JV in Iraq
The joint venture targets both the re-emerging oil and gas and large infrastructure sectors.
Chinese Banks to Fund Equatorial Guinea’s Fortuna FLNG Project
Britain's Ophir Energy intends to borrow $1.2b from Chinese banks to fund the development of its Fortuna FLNG export project.
Shell Examines Nigeria’s Forcados for Reopening
The pipeline shutdown was due to the bombing incident that occurred in February 2016 by militant’s attacks. Prior to the attacks, Trans Forcados used to produce between 200,000b/d and 240,000b/d.
Libya’s Oil Production Reaches 796,000b/d
The increase adds pressure on the world’s biggest producers who just signaled they may extend production cuts amid a slump in oil.
Eni to Construct New Crude Oil Refinery in Nigeria
The Italian oil company Eni is planning to construct a crude refinery in Nigeria through its Agip subsidiary with capacity of 150,000b/d.
