News / International

Kuwait Cut Fuel Premiums

Kuwait Petroleum Company (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at almost half its 2016 premiums.

Gabon Extended Work at Nkembe

Gabon granted Pura Vida Energy a 12-month extension to the current exploration phase of the Nkembe production sharing contract offshore the country. The extension will run until January 2018, with no further work commitments.

Guinea Contracted Seismic Survey Vessel

SeaBird Exploration announced that it has signed an agreement to provide Osprey Explorer source vessel for an upcoming ocean bottom seismic survey in Gulf of Guinea. The project will commence before the end of 2016and take two or three months to complete.

Mozambique to Build Large Solar Plant

Mozambique will start building its first large scale solar plant in early 2017, after the international independent solar power producer, Scatec Solar signed a $80m power sale deal with state-owned utility company Electricidade de Mozambique (EDM) for 25 years.

Iran Shipped NGL to Pakistan

Iran has shipped 71,000b of natural gas liquids (NGL) to Pakistan. The shipment of heavier gas products was loaded from the Sirri refinery terminal located on the Persian gulf island

PDO Signed $200m Supply Contract

Petroleum Development Oman (PDO) has signed a $200m pipe supply contract for four years with an Omani factory as part of its in-country value (ICV) strategy.

ADNOC Launched its 2030 Strategy

Abu Dhabi’s Supreme Petroleum Council has approved a 2030 strategy of Abu Dhabi National Oil Company (ADNOC) which runs for five-year business plan and operational budget.

Sharjah to Start Huge Seismic Survey

Sharjah National Oil Corporation is to carry out a massive 3D surveys in the hope of finding new oil and gas reserves in which it is expected to be completed by the end of December.

Iran Earned $80m in Oil Exports

Iran crude oil exports have reached 2.44mb/d which marks a new record. Accordingly Iran is receiving above $80m in direct payments every day as a result its exports to international markets.

Sudan to Link to GERD Power Grid

Sudan is preparing to construct a power transmission line, which will have the capacity to transmit 3,000MW, from the Grand Ethiopian Renaissance Dam (GERD) to link Ethiopia and Sudan electricity networks.

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