News / International
GNPC to Offload Crude at Tema Refinery
Ghana National Petroleum Corporation (GNPC) CEO, Alex Mould, has declared that the corporation is willing to offload crude oil to the Tema Oil Refinery (TOR) if the company is competent at supplying the sufficient financial guarantees.
India, US Reduce Nigerian Crude Imports
Both India and the US have reduced their Nigerian crude oil imports by 43% and 53% respectively, a call that translated to a minimum loss of $270m of earnings in the Nigerian economy.
GNPC: Ghana Receives Fair Interest at TEN Field
In light with the commencement of oil production at Ghana's offshore Tweneboa-Enyenra-Ntomme (TEN) field - that was initially discovered in March 2009 - The Ghana National Petroleum Corporation (GNPC) has been having disputed claims regarding whether or not the financial agreement, that the project is bound to operate under, is a fraud.
Fitch: Kuwait Rated AA with Stable Outlook
Fitch ratings stated that Kuwait was rated AA with a stable outlook, and the country has an exceptionally strong fiscal position, yet it has achieved smaller fiscal consolidation than other regional countries, based on the new state budget approved at the beginning of August.
Iran Increased Gas Supplies to Turkey
Iran increased its gas supplies to Turkey by almost 9%, reaching a total volume of 518 mcm in 2016, compared with 472 mcm in the same period in 2015, showing an upsurge of 40 mcm.
Iraq Opens New Gas Plant
Iraq started operating a new natural gas processing plant for southern oil fields in line with a plan to utilize gas that was previously flared for electricity production.
Nigeria to Import Petroleum Products
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and an international company, NIMEX Petroleum Group, have plans to import 100,000 metric tones of petroleum products to complement the efforts of the Nigerian government in driving the deregulation policy.
Kenya to Start Oil Production from Turkana Discovery
Kenya is set to start the development and commercialization of the deposits from oil discovered in Turkana county as the cabinet approved the transportation of up to 4,000b/d by road and rail from northwest Kenya to the port city of Mombasa for refining.
