News / International
Ghana to Get FPSO for Sankofa
Ghana will receive a Floating, Production and Storage and Offloading (FPSO) vessel for the Sankofa project by March 2017 after which production of crude would commence by August. An estimated 170mcf of gas would be produced daily by 2018.
Iran, Russia to Review New Deals
Tehran will host the upcoming Russian-Iranian intergovernmental commission on trade and economic cooperation during December, to discuss financial and technical models of a new contract with Russian firms.
Eni to Buy Algerian Gas
Italy’s Eni will continue to buy Algerian gas in 2017 with the same vein as its purchases for 2016. Eni's CEO, Claudio Descalzi, said that the company discussed its expected volume purchases with Sonatrach every year.
Tanzania, Uganda to Expedite Crude Pipeline
Tanzania and Uganda agreed to speed up the execution of the $3.5b East Africa crude oil pipeline (EACOP). The parties considered removing the fiscal package from the intergovernmental agreement (IGA).
Mafumeira Sul field Began Oil Output
Angolan state oil company Sonangol and its partners including oil major Chevron have started production at the Mafumeira Sul oil field with an initial output of 10,000b/d.
Abu Tifle Resumed Oil,Gas Output
Gas production has resumed at Libya’s eastern Abu Tifl field and 12,000b/d of oil will starting pumping by mid-November 2016, with the oil being pumped to Zuetina port.
Nigeria to Grow Oil Output
Nigeria is planning new oil and gas policies aimed at attracting more private investors and boost crude production by 500,000b/d by 2020. The Federal government plans to list the Nigerian National Oil Corporation on the Nigerian Stock Exchange.
Iraq Delayed Upstream Bid
Iraq will postpone an upstream bidding round for 12 small and medium-sized oil fields across three provinces until mid 2017.
