News / International
China to Loan $1.3b to Iranian Refinery
China has opened a line of credit, worth $1.3b, to finance the development of Abadan Oil Refinery, Iran’s oldest refinery in the southern Khuzestan Province.
Energean to Develop Tanin, Karish via FPSO
Greek energy company Energean Oil & Gas is planning to develop the Israeli Tanin and Karish gas and condensate fields using a floating production solution.
Saudi Arabia Increased Oil Output Reductions
Saudi Arabia reduced oil production to less than 10mb/d, below its targeted level, and will consider renewing its pledge to cut crude output in six months.
Iran’s Oil Exports to India Grew in 2016
India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran.
Kenya Linked Biogas Power to the Grid
A commercial farm in Kenya has become Africa's first electricity producer powered by biogas to sell surplus electricity to the national grid, cutting the carbon emissions associated with oil-powered generation.
Solo Oil Updated Ntorya-2 Well Progress
Ntorya-2 well in the Ruvuma Basin, Tanzania, is currently drilling in the 12-inch hole section and is planned to reach a depth of 2,095 meters.
NNPC Resumed Kerosene, Diesel Output
Kaduna, Port Harcourt, and Warri refineries are currently producing more than 6m liters of kerosene and 6m liters of diesel on a daily basis.
Eco Atlantic Seeks Dual Listing for Offshore Licenses
Eco Atlantic Oil and Gas plans to seek admission of its shares to trading on the London-based Alternative Investment Market (AIM) in addition to Canada’s Toronto Stock Exchange (TSX).
