News / International
Oil Output Grew by 5% at Tethys Oil Omani Assets
Tethys Oil said its share of oil production from onshore operations at Block 3 and 4 in Oman was more than 12,400b/d in August, about 5% increase from July levels.
Nigeria Seeks $10b is Petroleum Assets Sale
Nigeria will sell off 15% of the Nigerian National Petroleum Corporation's (NNPC) and Nigeria LNG Limited's (NLNG) oil and gas assets to help revive the country's economy, with an expected yield of $10b.
Aramco to Close Refineries for Maintenance
Saudi Aramco plans to shut its refinery in Yanbu and its largest refinery in Ras Tanura in November and December for scheduled maintenance.
Nigeria Spends $7b on Fuel Subsidies
Nigeria spent an estimated $35b as subsidy on petroleum products out of the $300b earned from crude oil over the course of 5 years since 2010. This amounts to approximately $7b annual expenditure on subsidies.
LNG Gas-Up Operations Deployed in Jebel Ali
Excelerate Energy has completed the first commercial gas-up operation at Jebel Ali liquified natural gas (LNG) import terminal via Excelerate’s floating storage and regasification unit (FSRU) Explorer.
Libya to Export Oil to Egypt in EGP
Libya is considering to export Libyan petroleum oil to Egypt for Egyptian Pounds to alleviate Cairo’s burden to secure foreign currency for fuel imports
CHAMAM to Distribute Libyan Lubricants in Tunisia
Libya Oil Tunisia signed a commercial partnership agreement with CHAMAM Division Gros (CDG) for the distribution of different lubricants of Libya Oil Tunisia under the OiLibya and Mobil brands in the Tunisian market.
Iran, Total to Resume Oil Swap with Caspian Sea
Naftiran Intergraded Company Sàrl, Swiss-based subsidiary of the National Iranian Oil Company (NIOC), and France's Total will sign oil swapping deal for around 200,000b/d.
