News / International
Oman to Invest $1.8b in Petchem
The state-owned Oman Oil Company (OOC), the national petroleum investment company, plans to progress the implementation of three strategically petrochemical ventures by 2017. The total investment worth $1.81b.
Aramco Increased Oil Prices to Asia
Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.
‘Egypt Petroleum Show 2017’ Promises Largest Industry Gathering
‘The Egypt Petroleum Show 2017’ held under the high patronage of the President, His Excellency Abdel Fattah El Sisi, and support of the Ministry of Petroleum and Mineral Resources promises to be the largest oil & gas industry gathering North Africa has ever seen taking place in Cairo from the 14-16 February at the Cairo International Convention Center.
Iran, Poland Signed MoU
The National Iranian Oil Company (NIOC) and Polish state owned PGNiG, signed a memorandum of understanding (MoU), accordingly PGNiG will conduct primary studies on Iran’s Sumar oil field in the Iranian western province of Kermanshah.
Nigeria’s Oil Output Dropped by 200,000b/d
Nigeria's oil production has fallen by at least 200,000b/d as a result of a militant attack that has forced the closure of the major Trans Forcados Pipeline (TFP) early November.
Shell Started Drilling Offshore Tanzania
Royal Dutch Shell and its joint venture (JV) partners, Pavilion Energy and Ophir Energy, have started $80m Noble Globetrotter II drilling campaign offshore Tanzania.
Leviathan Gas Field to Yield 12bcm/y
Partners in Israel's Leviathan natural gas field declared that the project's first development stage will include a capacity of 12bcm/y of gas. Further stages could include an additional 9bcm/y of gas.
Kuwait Cut Fuel Premiums
Kuwait Petroleum Company (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at almost half its 2016 premiums.
