News / International
Nigeria to Allow Private Refineries
Nigeria will give licenses to the private sector individuals to build refineries. While, Azikel Group signed an agreement for the construction of 12,000b/d Azikel Refinery with Ventech Engineering LLC in Houston Texas.
Cameroon Spud Two Gas Wells
Africa-focused firm Victoria Oil and Gas said that drilling has started on two development gas wells in Cameroon. The wells will cost $40m and the drilling campaign will be wrapped up in the second quarter of 2017.
Mozambique to Launch Oil, Gas Bid
Mozambique will hold its sixth round of oil and gas licensing round late in 2017 or in 2018. Additionally, the government awarded six licenses to search for oil and gas, with the potential to drum up about $700m in investments until 2020.
Nigeria to Invest in Gas
Nigeria currently possesses the capacity to create about $51b opportunities in the midstream and downstream gas sector. The country also plans to establish an independent agency to control the gas industry.
Total to Produce Oil Offshore Congo in 2017
Total expects first production from Congo Republic's offshore Moho Nord field to add an extra 100,000b/d when it starts early 2017.
Iran to Expand LNG Facilities
Iran plans to establish a floating LNG units with 10mt in annual production capacity and building smaller LNG production units which has been put on the agenda within mini-LNG and FLNG projects. Kuwait Boosted Oil Exports to Japan
Kuwait crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d.
Seoul to Invest $27b in Oman Energy
Oman agreed to allow South Korean companies to participate in the country's large-scale energy and infrastructure projects, which are estimated to a total cost of $27.1b.
