News / International
Kenya Increased Pump Prices
Kenyan Energy Regulatory Commission (ERC) increased the maximum retail prices of petrol, diesel and kerosene in the country. The changes took effective from mid November and will remain valid for a 30-day period.
Bapco Seeks Refinery Financing
Bahrain Petroleum Company (Bapco) is in talks with Export Credit Agencies (ECA) to finance the expansion of its Sitra oil refinery. The project is estimated to cost around $5b.
Shell, Nigeria Signed Funding MoU
Shell Companies in Nigeria has signed memoranda of understanding (MoU) with eight Nigerian banks under the revised Shell Contractor Support Fund in order to offer loans faster and at cheaper rates.
Qatar to Export LNG to Sri Lanka
Sri Lanka's Minister of City Planning and Water Supply, Rauff Hakeem, announced that the country is keen on importing liquefied natural gas (LNG) from Qatar as part of plans to shift to clean energy.
Uganda to Award Exploration Licenses
Uganda aims to sign deals by the year-end with the four oil exploration companies it had invited for talks in its first licensing round.
Linde Group to Proceed with Iran LNG Projects
German Linde Group has received green lights from Euler Hermes to proceed with liquified natural gas (LNG) projects within Iran.
NNPC to Drill in Chad Basin
The Nigerian National Petroleum Corporation (NNPC) will begin drilling in Chad Basin in early 2017, after the acquisition and processing of more than 1,900 sq. km of new 3D seismic.
Iraq to Suggest Crude Restraint Options
Iraq will make three new suggestions at a meeting in Vienna of OPEC oil ministers at the end of the November to implement an agreement to restrain crude supply in order to push up prices.
