News / International
Kenyan KPC, KPLR Sign 3-Year Lease Agreement
Kenya Pipeline Company (KPC) has signed a 3-year lease agreement with Kenya Petroleum Refineries Limited (KPRL) as it looks to expand the country’s oil storage capacity. Kuwait Favors an OPEC Output Cut Extension
Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market.
Kuwait, KSA to Resume Neutral Zones Production
Kuwait and Saudi Arabia have been in talks over resuming work at neutral oil and gas zone fields that are owned by the two countries. Al-Wafra and Al-Khafji were halted in 2015 due to continuous dispute between them.
Qatar’s Onshore Oil Price Hits $55.11 Per Barrel
Qatar’s onshore oil price in February marginally increased above its price in January to reach $55.11 per barrel - $10.11 above the $45-per-barrel rate previously approved in the state budget.
Oyster to Commence Phase III Exploration in Djibouti
Oyster Oil and Gas Ltd. announced early March that it has received Djibouti government's approval to commence the Phase III of its exploration contract at the country's Block 1.
Bouteflika to Free Economy from Oil, Gas Dependence
Algeria’s President, Abdelaziz Bouteflika, has urged for the independence of the country's economy from the oil and gas industry.
Nigeria’s NLNG to Resume Industrial Gas Supply
The Nigeria Liquefied Natural Gas (NLNG) Ltd. said it is rectifying the pipelines which exploded in February in Rivers, to ensure resumption of industrial gas supply within mid-March.
Aminex Discovers Gas at Tanzania’s Ntorya-2 Well
Aminex recently announced that production tests pointed that Tanzania's Ntorya 2 well contains a significant volume of gas.
