News / International
NNPC Received 128 Oil-for-Fuel Bids
The Nigerian National Petroleum Corporation (NNPC) announced it has received 128 bids from companies that are interested in swapping processed fuel for 800,000b/d of unrefined crude in 2017.
AfDB to Run Nigeria’s Power Company
African Development Bank's (AfDB) energy expert, Usman Gor Mohammed, was appointed to run Transmission Company of Nigeria (TCN), owned by Nigeria’s Power Ministry, in attempts to enhance the current power situation in the country.
Iran to Build 12 New Oil Refineries
Iran started the construction process for 12 new oil and gas condensate refinery complexes, according to an official of the National Iranian Oil Refining and Distribution Company (NIORDC).
Israel to Build New Gas Pipelines with Turkey, Italy
Israel's royalties from the production of natural gas came to $798b in 2016. The country is also advancing the construction of a gas pipeline to Turkey and at the same time constructing a pipeline to Italy, Greece and Cyprus.
Riyadh Mulls Price Hike for Crude to Asia
Saudi Arabia is expected to slightly increase the price of its crude for Asian customers in March in line with a stronger Dubai benchmark price. OPEC, Russia Shielding Asia from Supply Cuts
OPEC and Russia are shielding Asia from supply cuts agreed in a landmark deal in 2016 as they fight to protect their share of the world's biggest and fastest growing oil market.
Saudi Aramco Installs New ESP System
Saudi Aramco recently installed and tested the functionality of its Baker Hughes TransCoil rigless deployed electrical submersible pumping (ESP) system, which is expected to cut down on installation and replacement costs for ESPs and bring wells online faster.
West Africa Eyeing LPG Vessels from US
Newly built Liquefied Petroleum Gas (LPG) vessels, MT Africa Gas and MT Sahara Gas, are set to commence operations that will see them berth in Houston, US, to convey their first ever consignment of gas expected to be delivered to the West African coast starting from March 2017.
