News / International
Angola to Increase Its April Oil Exports
Angola will increase its April crude oil exports to 1.691mb/d, according to its provisional loading plan.
Iran Discovered Its First Shale Oil
Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.
Nigeria to Establish New Petroleum Free Zone
Nigeria will construct new oil and gas free zone in Delta.
MENA to Invest $294b in Oil Sector
According to Meed Insight’s Mena Oil and Gas Report 2017, about $294b of oil, gas, and petrochemicals projects are in the pre-execution phase across the countries in the Middle East and North Africa (MENA) region.
Riyadh Loses Oil Production Leadership to Moscow
Russia overtook Saudi Arabia as the world’s largest crude producer in December 2016 with a production of 10.49mb/d.
Sierra Leone Lauches $53m Electricity Project
The Government of Sierra Leone launched the rehabilitation and extension of the Bo-Kenema Electricity Distribution System in the country to upgrade and construct a 33kV electricity line between Bo and Kenema.
Gulfsands Awarded License Extension in Morocco
Gulfsands Petroleum plc has been awarded an extension to its Moulay Bouchta petroleum agreement in Morocco. The initial phase will now run for an extra year to June 2017.
Iraq’s Oil Reserves Increased to 153b Barrels
Iraq's oil reserves have increased to 153b barrels, from a previous estimate of 143b barrels, according to the Oil Minister, Jabal al-Luaibi.
