News / International
Sound Energy Confirmed The Success of TE-7 Well in Morocco
Sound Energy, has confirmed the success of its second well, TE-7, in Tendrara, Morocco.
Kuwait Boosted Crude Exports to Asia
Kuwait’s crude oil exporting contracts have recently increased by 28% with Japan, and 65% with Taiwan.
Nigeria to Import Crude from Niger, Chad
Nigeria is considering importing crude oil from Chad and Niger Republic to supply the Kaduna refinery in attempt to resolve Nigeria's chronic petrol shortage crisis.
India Boosting Refinery Investment with Iran
An Indian Oil Corp unit plans to invest $5.5b to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000b/d.
BP to Pay $68m Fine in Morocco’s Samir Refinery Case
A UK court has ruled that BP must pay more than $68m to the National Bank of Abu Dhabi (NBAD) in the case of a surprise closure of Morocco's refinery, Societe Anonyme Marocaine de l’Industrie du Raffinage (Samir), in August 2015.
Libya’s Output Dropped to 523,000b/d
Chairman of the Libyan National Oil Corporation, Mustafa Sanallah, disclosed that Libya’s oil production had dropped to 523,000b/d, due to electric and power issues, yet the output is expected to recover and hit 600,000b/d.
China to Invest in Iran’s Petchem Catalysts Project
A Chinese company has expressed readiness to invest in Iran’s petrochemical catalysts project with a total investment of $400m,
Israel’s Paz Oil to Process Leviathan Gas Worth $700m
Israel's Paz Oil announced that the company signed a deal worth up to $700m to buy 3.12bcm of natural gas for its oil refinery from the Leviathan field.
