News / International
Iraq’s KRG Exported 625,000b/d of Oil
Iraq’s Kurdistan Regional Government (KRG) exported 625,000b/d of oil to Ceyhan Port in January.
Iran to Increase Output to 4mb/d
Iran will increase output to 4mb/d by March despite agreeing with OPEC that Tehran would not exceed the level of 3.79mb/d.
Aramco to Raise $10b Prior to IPO
Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bonds in 2017.
US Firms Out of Iran’s Oil Tenders
US companies stand no chance in participating in bidding for Iran’s oil fields, which the country plans to develop with international help, as American sanctions make such activities impossible.
OMV Launched Crude Production in Libya
OMV successfully started up production in both the Sirte and Sharara oil fields in Libya.
Iran Extends Deadline for Oil, Gas Bids
National Iranian Oil Company (NIOC) has extended its deadline for bids on oil and gas projects to February 15th.
NNPC Received 128 Oil-for-Fuel Bids
The Nigerian National Petroleum Corporation (NNPC) announced it has received 128 bids from companies that are interested in swapping processed fuel for 800,000b/d of unrefined crude in 2017.
AfDB to Run Nigeria’s Power Company
African Development Bank's (AfDB) energy expert, Usman Gor Mohammed, was appointed to run Transmission Company of Nigeria (TCN), owned by Nigeria’s Power Ministry, in attempts to enhance the current power situation in the country.
