News / International

Nigeria’s PPMC Sold $2.75b of Petroleum Products

According to the Nigerian National Petroleum Corporation (NNPC) Monthly Operations and Financial Reports for June 2016, the Pipelines and Product Marketing Company (PPMC) earned $2.75b from the sales of petroleum products in 12-months, from July 2015 to June 2016.

GMS Receives Early Termination Notice

UAE's Gulf Marine Services (GMS), received a notice of early termination for a Mid-Size Class SESV supporting well services for a national oil company in the MENA region

Ghana’s GNPC to Supply Local Refineries

The Ghana National Petroleum Corporation (GNPC) will sell crude from its new TEN field to the country's under-supplied refinery, instead of shipping it all offshore as it currently does.

Algeria’s Crude Flows at Hassi Bir Rekaiz field

Sonatrach reported new successful drilling results at the Hassi Bir Rekaiz project in the Berkine basin. Tests showed a crude oil flow rate of 2,406 b/d.

Angola Oil Exports to Drop in Sept, Oct

Angola's crude oil exports are expected to decrease during the fall months, due to maintenance. The south african nation is expected to export under 1.8m b/d of oil across 56 cargoes in September and 1.43m b/d across 46 cargoes in October.

Iran to Launch Gas Export to Iraq

Iran stated that natural gas exports to Iraq will start in September 2016. The Managing Director of the National Iranian Gas Company (NIGC),Hamid-Reza Araqi, confirmed that Iran will initially ship 7 mcm/day to supply a power plant in Baghdad and a second route to Basra will be opened in 2017, with shipments eventually reaching 70 mcm/d.

Tullow to Start Trial Transport of Crude to Mombasa

Tullow Oil has revealed plans to transport Kenya’s first crude oil to Mombasa in a test run that will last for 30 days. According to the company's Early Oil Pilot Scheme (EOPS), two trucks loaded with curde oil from Amosing and Ngamia fields will be transported to Mombasa.

Iraq, Kurdistan Ready to Resolve Oil Disputes

The Iraqi government and the Kurdistan Regional Government (KRG) are ready to resolve oil disputes to allow crude output growth.

Iran,India to Finalize Farzad Gas Field Agreement

Iran and India are expected to finalize financial and investment models on the expansion of Iran's Farzad B joint gas field with Saudi Arabia, with estimated reserves of 12.8tcf of gas, in September.

India’s Oil Imports from Iran Grew 37%

India’s oil imports from Iran rose to its highest level in five years, amounting to 523,000 b/d in July, which is a 37% jump from June's volume, and more than double that of the same period in 2015.

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