News / International
Kuwait to Receive $1b for Refinery Renovation
Kuwait will receive $1b in funding from major Japanese banks and Britain's HSBC to renovate the country's Al-Ahmadi Refiney.
Iran Exports 3.05mb/d of Oil and Condensates
Iran's crude oil and condensate exports reached 3.05mb/d in the last Persian month, from which 2.265mb/d consisted of crude oil alone.
South Africa Endorses Shale Gas Development
The South African government has given the endorsement for shale gas development in its Karoo basin. While that is considered by experts a positive step, there are still opposing parties behind the shale exploration in the region.
Aramco Signs MoUs for Petroleum, Energy Collaboration
Saudi Aramco signed two separate memorandum of understandings (MoUs) with Abu Dhabi National Oil Company (Adnoc) and Masdar. The deals cover oil and gas technology and renewable energy development.
ExxonMobil, Qatar Petroleum to Develop Cyprus’ Block 10
ExxonMobil Corporation and Qatar Petroleum agreed on acquiring 3D data and drilling two explorations wells in Block 10, offshore southwestern Cyprus.
Agip $13.5b Project Boosts Nigeria’s Oil Production
Nigeria’s daily crude oil production is expected to rise as the Nigerian Agip Exploration Limited (NAE) starts work on Zabazaba deep water project that is expected to gulp $13.5b.
Africa Energy Terminates Namibia Farm-out Agreement
The African Energy Corp., the Canadian oil and gas exploration Company, has terminated its Farm-out agreement that was signed last year granting it stake offshore Namibia.
Oman’s Orpic to Raise Polypropylene Capacity
Oman Refineries and Petroleum Industries Company (Orpic) aims to increase the capacity of its polypropylene plant to 340,000 tons/y.
