News / International
NNPC Recorded $2.45b Crude Oil Export in 2016
The Nigerian National Petroleum Corporation (NNPC) recorded $2.45b crude oil export sales in 2016.
Qatar Inaugurated $1.5b Laffan Refinery 2
Qatar has officially inaugurated its $1.5b Laffan Refinery 2 (LR2) in Ras Laffan, which has a capacity to refine 146,000b/d of condensate from the North Field.
ADNOC Awarded 12% Onshore Stake to China
Abu Dhabi National Oil Co., the UAE’s main state oil firm, announced late February that it has awarded a combined 12% stake in a mega onshore venture to two Chinese companies, CEFC China Energy Co. and China National Petroleum Corp.
Lekoil Started Oil Production from Nigeria
Lekoil started production at Otakikpo after it completed and commissioned a six kilometer long offshore pipeline.
Angola to Increase Its April Oil Exports
Angola will increase its April crude oil exports to 1.691mb/d, according to its provisional loading plan.
Iran Discovered Its First Shale Oil
Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.
Nigeria to Establish New Petroleum Free Zone
Nigeria will construct new oil and gas free zone in Delta.
MENA to Invest $294b in Oil Sector
According to Meed Insight’s Mena Oil and Gas Report 2017, about $294b of oil, gas, and petrochemicals projects are in the pre-execution phase across the countries in the Middle East and North Africa (MENA) region.
