News / International
Bahrain to Invest $7b in Downstream by 2022
Nogaholding, the investment arm of Bahrain's National Oil and Gas Authority (Noga), has substantial expansion plans and expects to invest in excess of $7b across several separate ventures by 2022.
Iran, Shell Close to Sign Kish Gas Field Deal
Iran says it may start negotiations with global energy giant Shell over the development of Kish gas field, which holds the country’s largest reservoirs of natural gas after South Pars.
Oman: NatGas Production, Imports Dropped in January
Oman’s natural gas production and imports fell by 4.5% to 3,424mcm in January 2017, compared to 3,584mcm in January 2016.
Siemens to Build Power Equipment in Iran
Iran has signed a preliminary deal with Germany’s Siemens to manufacture equipment for the country’s electricity industry.
Nigerian Vitol Sells 4m Oil Barrel, Supply Glut Eases
Vitol Group BV is offering to sell Nigerian crude oil from a storage terminal in South Africa, in what may be a signal that the global supply glut is beginning to ease.
Nigeria Charges Shell, Eni with Corruption
Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell plc and Eni , alleging the companies “corruptly” paid $801m in 2011 when acquiring an offshore oil field. Namibia: Namcor to Take 7% of Profit Share from Kavango Region
The National Petroleum Corporation of Namibia (Namcor) will only get 7% of profit shares in the event that oil or gas is found in the Kavango West region.
Libya’s Biggest Ports Shut Following Militant Attack
Libya halted exports from its two of biggest oil ports and reduced production from some fields after clashes threatened to reverse the North African country’s progress in reviving crude output and sales.
