News / International
Aramco Awarded Wood Group Engineering Deal
UK's Wood Group has secured a five-year deal to continue providing engineering and project management services to Saudi Arabia's state-owned oil firm Saudi Aramco.
Iran to Bring 5 Petchem Projects Online
Iran’s Head of National Petrochemical Company (NPC), Marzieh Shahdaei, said that five petrochemical projects are expected to go on stream by the end of the country’s current fiscal year in March 2017.
Iraq to Boost Oil Exports
Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February.
Nigeria Faces Severe Kerosene Shortage
The scarcity of kerosene, used by millions of largely poor Nigerians for cooking, has hit major cities causing huge increase in price.
Tullow Farmed Down to Total in Uganda
Tullow has agreed to transfer 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total for a total consideration of $900m.
Nigeria Targets 80% of Refining Capacity
The Nigerian National Petroleum Corporation (NNPC) will reduce the country’s importation of petroleum products by increasing the capacity of the nation's refineries to 60% by the end of 2017, and 80% by the end of 2018.
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts. Output was cut by 78,000b/d to 1.673mb/d.
Iran to Export 4mb of Crude to the Philippines
National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting 4mb of crude per month to the country.
