News / International
Oman to Invest $1b in Oil, Gas in 2017
State-held Oman Oil Company plans to invest $1b in developing various upstream and downstream projects.
Oman, Japan Signed Pipe-Supply Contract
Petroleum Development Oman (PDO) signed a $1.2b contract with Japanese supplier Sumitomo to supply piping for its drilling operations through Duqm.
Nigeria’s Trans Forcados to Resume Operations by Q2 2017
The Trans Forcados pipeline is likely to be reopened around the end of the second quarter of 2017, according to Seplat Petroleum Development Company Plc’s CEO, Austin Avuru.
Japan Buys Gas Condesates from Iran
The National Iranian Oil Company sold its first cargo with 160,000 barrels of gas condensates from South Pars Phases 20 and 21 to Japan. Oman’s Khazzan Gas to Start Output by Q4 2017
Oman has revealed that the Khazzan Tight Gas Project is running on schedule and will commence natural gas production by the fourth quarter of 2017.
Iran to Pay Turkey $1.9b in Gas Supply Compensation
Iran will offer discount on future gas supplies to Turkey to clear a $1.9b compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015.
Nigeria to File Corruption Charges against Shell, Eni
Nigeria has ceded control of one of the richest oil blocs on the continent - the Oil Prospecting License 245 bloc (OPL 245) and the country is to prosecute oil giants Royal Dutch Shell and Italian Eni in a corruption scandal worth around $1.2b.
Iraq, GE Sign $1.4b Power Plant Deal
Iraq's Ministry of Electricity inked a $1.4b deal with General Electric (GE) for the construction of two 750 MW power plants by 2018.
