News / International
Nigeria’s Crude Output Declined by 130,000b/d
Nigeria’s crude oil production declined by 130,000b/d in August to an average of 1.44mb/d, as oil companies struggle to repair pipelines damaged by severe militant attacks
Fuel Tanker Exploded in South Africa
South Africa’s Tshwane emergency services said that a fully-loaded tanker, with 55,000 liters of petrol, exploded and emitted a huge fireball into the air at the Watlou depot in Silverton.
Gabon Reopens Sogara Refinery
Gabon’s National Organization of Petrol Employees’ Secretary General, Sylvian Mayabi, confirmed that the country's sole oil refinery in the commercial city of Port Gentil reopened after five days of closure following the post election violence.
Nigeria Will Not Increase Fuel Prices
Nigeria's national oil company said the government has no immediate plans to increase gasoline prices, days after fuel marketers and Nigerian National Petroleum Corporation's (NNPC) management called for the removal of a cap on price levels.
Maintenance at Qatari field Delayed Crude Cargoes
Maintenance work at Qatar's al-Shaheen oil field, the country's largest offshore oilfield, located 80km off the country's coast, has pushed back the loading of crude cargoes.
Iran to Store Gas in Azerbaijan
Iran is considering pumping natural gas to SOCAR's facilities during the summer months, for storage purposes until it is resupplied to Iran's northern provinces in winter.
Saudi Arabia, Russia Talk Oil Price Stability
The crown prince of Saudi Arabia, Mohammed Bin Salman, met the Russian President, Vladimir Putin, on the sideline of the G20 summit in eastern China, to discuss possible cooperation regarding oil production freeze proposal in an effort to rebalance global markets.
Oil Experts Discuss Uganda-Tanzania Oil Pipeline
A Paris based team of oil experts discuss new developments regarding the construction of a 1,410km-long East Africa crude pipeline to transport Ugandan oil from its city of Hoima through Tanzania, where 1,100km of the pipeline will run, to the Indian Ocean for export.
