News / International
Iraq to Consider Selling Oil via Iran
Iraq's government will consider selling crude exports through Iran, if the country's negotiations with the autonomous Kurdish region on an oil revenue-sharing agreement fail.
Nigerian Crude Production Declined by 700,00b/d
Pipeline vandals and oil thieves have lost Nigeria 560,000 barrels of crude to the refineries as feedstock and 109m litres of petroleum products between January and May 2016. The country's national budget was based on 2.2mb/d of crude oil production, but pipeline vandalism has resulted in a reduction of 700,000b/d of oil.
Operations Started at Sadra’s MFC Unit
Sadra Chemical has started operating its mixed-feed cracker (MFC), with an eventual production capacity of 85mcf/d of ethane and 50,000b/d of naphtha.
Dana Gas to Discuss $700m Debt Mix
Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year. The company’s CEO, Patrick Allman-Ward, said that the firm has $344m in cash, is in discussions with lenders about its future debt mix.
Yemen Resumed Oil, Gas Production and Exports
Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began in March 2015.
Kenyan Exports to Start Mid 2017
Kenyan President, Uhuru Kenyatta, said that Tullow Oil Plc will drill eight additional exploration wells in the country’s North Lokichar region. Exports will commence three months later, with the crude being transported by road to the Indian Ocean port city of Mombasa.
Kuwait Abandons Nuclear Power Plans
Kuwaiti Ministry of Electricity and Water (MEW) cancelled plans to build a nuclear power plant as feasibility studies proved the project to be uneconomical and capital intensive.
Qatari RasGas Shipped First LNG to Italy
Qatar's second largest LNG producer, RasGas Company, has shipped its first liquefied natural gas (LNG) cargo to the Floating Storage Regasification Unit (FSRU) Toscana, in Italy.
