Nigeria has reached a $5.1b settlement to reimburse foreign oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, for past operating costs.
Iran and Croatia entered talks over expansion of mutual ties in the oil and gas industry, according to Tehran's Deputy Oil Minister for International Affairs, Amir Hossein Zamaninia.
South Africa's government has slowed its nuclear power expansion plans with a new timeline setting the first additional nuclear power plant coming on stream in 2037.
Two tankers carrying 3m barrels of Nigerian and Angolan crudes set sail in November to Argentina to feed its domestic refining network, pushing the country's imports close to 2015's level.
A consortium of Indian companies, led by ONGC Videsh (OVL), is set to strike a deal with Iran by January for the development of Farzad-B gas field in the Persian Gulf.
The Nigerian National Petroleum Corporation (NNPC) stated that the 210,000b/d Port Harcourt refineries would soon commence the production of Aviation Turbine Kerosene (ATK).