News / International
Iraq Resumed Oil Transmission Via Kurdish Pipeline
Iraq has resumed pumping oil from fields operated by state-run North Oil Company (NOC) via a Kurdish pipeline to Turkey. About 70,000 bpd of oil are being pumped through the pipeline controlled by the Kurdish Regional Government (KRG).
Abu Dhabi Received First FSRU Vessel
Abu Dhabi Gas Industries Limited (GASCO), a joint venture between Abu Dhabi National Oil Company (ADNOC) and European multinationals Shell and Total, has received its first Floating Storage and Regasification Unit (FSRU) from Excelerate Energy used in importing liquefied natural gas.
Gazprom Brought Four Iraqi Oil Wells Online
Russia's Gazprom Neft brought four new wells, with a combined output of 30,500 b/d, into production at Badra Field in Iraq, pushing the field’s total output to 3mt.
Iran to Swap Oil with Caspian Sea States
Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at North Oil Terminal.
Nigeria’s Oil Output,Export Losses Continues
The Nigerian Petroleum Minister, Ibe Kachikwu, said that the country’s losses in oil production due to militant attacks have hit 900,000 b/d. The African nation continues to lose about $274m as the US and India cut their imports from Nigeria by 53% and 43% respectively.
Iran Exported 2.74mb/d of Crude in July
With $645m investments to revitalize Iran's oil recovery rates, the National Iranian Oil Company (NIOC) reported that the Islamic Republic is pumping 3.62mb/d of crude oil, with 2.74mb/d in exports during July.
Iran, Indonesia Signed MoU on Petrochemical Cooperation
Iran's Petrochemical Commercial Company (PCC) recently signed a memorandum of understanding (MoU) with Indonesia's state-run oil and natural gas corporation based in Jakarta, Pertamina, on petrochemical cooperation.
Nigeria and Benue State Restart Ethanol Partnership
The Nigerian National Petroleum Corporation (NNPC) and the Benue State Government (BNSG) have revived their partnership on the Ethanol project for energy sufficiency. The company will also commence hydrocarbon exploratory activities in the Benue Trough to achieve energy security
