News / International
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.
Mozambique Approves Offshore Coral South Gas Project
The Mozambican government’s oil and gas company ENH will have to pay $800m for its share of 10% in the natural gas exploration project in Area 4 of the Rovuma Basin.
Nigeria’s Forcados Exports Unlikely to Resume until 2017
Exports of Nigeria's Forcados crude oil is unlikely to resume until early 2017 due to militant attacks.
China Considers Gas Investments in Mozambique
The China National Petroleum Corporation (CNPC) has announced that it is considering investing in construction facilities for natural gas exploration and processing in Mozambique.
ExxonMobil Drills Liberia’s Mesurado-1 Well
ExxonMobil Exploration and Production Liberia announced that it has commenced the drilling of its first well, the Mesurado-1, off the coast of Liberia.
Shell Leads the Lubricants Market
The tenth year in a row, Shell Lubricants Company was named the No. 1 global lubricants supplier.
