News / International
Libya’s Oil Production Reaches 700,000b/d
Libya’s National Oil Corporation (NOC) announced that oil production has reached 700,000b/d, recovering from a drop earlier in March caused by fighting at two key oil ports.
Iran, Iraq to Lead Middle East Oil Growth
The research consultancy Rystad Energy indicated that the oil field development in Iran and Iraq is expected to drive the largest production growth in the Middle East over the next four years.
Indonesia, Senegal Seek Oil & Gas Partnership
The Indonesian Embassy in Dakar announced in a press release that Senegal and Indonesia are exploring potential partnership in the oil and gas sector
Mozambique to Receive $350m in Taxes from Eni
Mozambique will gain $350m in capital taxes from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to ExxonMobil Corporation.
Nigeria’s Central Bank Releases Fuel Forex
The Nigerian National Petroleum Corporation (NNPC) announced late March the release of foreign exchange (Forex) by the Central Bank of Nigeria (CBN) to marketers to import diesel and aviation fuel.
Iran Starts Oil Production at South Pars Field
Iran started pumping oil from the oil layer of South Pars gas field (in the Persian Gulf). Production from seven oil wells in the complex began and should reach a net peak capacity of 35,000b/d in about a week.
Libya Resumes Operations at Major Ports
Libya’s major oil ports of al-Sidra and Ras Lanuf are resuming operations and preparing to export crude after two weeks without activities.
S Sudan, Equatorial Guinea Sign Petroleum MoC
South Sudan signed a Memorandum of Cooperation (MoC) with Equatorial Guinea to regulate the oil and gas relationships between the two African countries.
