News / International
Iran Launched Oil Fields
the first phase of production at Yadavaran, North Yaran and North Azadegan fields in its oil-rich Khuzestan province, with a total output of more than 220,000b/d.
Nigeria to Establish Gas Regulator
Nigeria’s Federal House of Representatives has approved a bill to establish a gas processing and marketing regulatory board.
S&P Platts to Distribute FOIZ Storage Data
The Fujairah Oil Industry Zone (FOIZ), has signed a memorandum of understanding (MoU) with the independent data agency, S&P Global Platts, to distribute weekly inventory storage data starting 2017.
RPCL Signed $75m Contracts
Rusumo Power Company Limited (RPCL) signed two contracts, worth $75m, for the initial construction works of the Regional Rusumo Falls Hydroelectric Project. The power project to generate 80MW of electricity.
Total to Invest in the UAE
Total will continue investing in the UAE, as it has plans to be part of offshore concessions of Abu Dhabi Marine Operating Company (Adma-Opco) .
Infrastructure Lags to Delay Crude Exports
The scale of the Uganda’s infrastructure projects required to transport the fuel out of the country may delay the planned early exports of output from Ugandan crude deposits.
Nigeria to Privatize NNPC
Nigeria released a draft plan to overhaul state oil company Nigerian National Petroleum Corporation (NNPC) and eventually list it on the stock exchange in a bid to modernize and streamline the country’s oil and gas industry.
PTTEP to Decide on Rovuma Area1
PTT Exploration and Production Plc was close to finalizing an investment decision on Rovuma Offshore Area 1 in Mozambique delayed from 2015 due to the complicated process of obtaining licenses from local and central governments and unclear business models.
