News / International
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.
Iran to Raise Oil Output Capacity
Iran has plans to raise its crude oil production capacity by 3mb/d.
Nigeria to Disclose New Investors for NNPC’s Refineries
The Nigerian Minister of State for Petroleum announced that the federal government will disclose the new investors that will be managing the country's state-owned refineries.
Iran Moves Forward with Gas Exports
Iran is conducting negotiations with a number of neighboring countries, including Iraq, to export natural gas.
BP, Kosmos Discover Gas off Senegal
BP and the joint venture partner Kosmos Energy announced a major gas discovery off Senegal, Yakaar-1.
New Indigenous Company Enters Ethiopia’s Petroleum Market
Gomeju Oil Ethiopia has entered the Ethiopian petroleum market with the aim of selling and distributing different petroleum products.
