News / International
US Greenlights BP in Iran
UK’s BP stated that the authorization to operate Iran’s Rhum gas field was obtained in September 2016.
Nigeria Reopens Warri Oil Refinery
Warri oil refinery resumed operations with 60% of its installed capacity after its shut down for a maintenance period due to technical operational issues.
Nigeria to Legalize Illegal Oil Refineries
The decision aims to bring peace to the Niger Delta region and came after growing demands made by community leaders.
China to Increase Oil Imports from West Africa
Angola and Nigeria will export crude oil to China at the rate of 1.48mb/d in April, which is considered the highest rate since August 2011.
Eni Finds Gas and Condensates in Libya
Italy’s Eni found a new reservoir of gas and condensates in Contract Area D, offshore Libya.
NIPCO Acquires ExxonMobil’s 60% Stake in Mobil Oil Nigeria
NIPCO Investments Limited completed the acquisition of the 60% majority equity stake of ExxonMobil Oil Corporation in Mobil Oil Nigeria Plc.
Iran Sells All Floating Storage Barrels
According to tanker tracking and oil sources, Iran sold the last stocks from its floating storage in the past two weeks.
FID on Mozambique’s LNG Project Expected by 2018
Mitsui & Co awaits a final investment decision (FID) on the US Anadarko-led offshore liquefied natural gas (LNG) project in Mozambique, which is four months later than the desired date and might be finalized by April-June 2018.
