News / International
Riyadh Loses Oil Production Leadership to Moscow
Russia overtook Saudi Arabia as the world’s largest crude producer in December 2016 with a production of 10.49mb/d.
Sierra Leone Lauches $53m Electricity Project
The Government of Sierra Leone launched the rehabilitation and extension of the Bo-Kenema Electricity Distribution System in the country to upgrade and construct a 33kV electricity line between Bo and Kenema.
Gulfsands Awarded License Extension in Morocco
Gulfsands Petroleum plc has been awarded an extension to its Moulay Bouchta petroleum agreement in Morocco. The initial phase will now run for an extra year to June 2017.
Iraq’s Oil Reserves Increased to 153b Barrels
Iraq's oil reserves have increased to 153b barrels, from a previous estimate of 143b barrels, according to the Oil Minister, Jabal al-Luaibi.
Kuwait Eyes 3.65mb/d in Crude Output by 2021
Kuwait is persistent to pursue its plans to add 0.5mb/d of oil production capacity to its national output as it prepares for the eventual expiration of the output quotas OPEC had adopted to help drain a global oversupply.
Saudia Arabia Lost South Korea’s Market Share to Iran
Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, as South Korea doubled its imports of Iranian crude in January.
Tunisia’s Oil, Gas Production Drops 10.1%
Tunisia has recorded a drop in crude oil and natural gas production of 10.1% in 2016, compared to 2015.
Nigeria Seeks $16.4b through Asset Sales
Nigeria’s Federal Government plans to generate up to $16.4b through asset sales in the next four years to reduce the burden on the nation's budget.
