News / International
Kenya Increased LPG Consumption by 240%
Kenya has increased the consumption of Liquefied Petroleum Gas (LPG) by 240%, compared to 2015, amid low global oil prices and the removal of value added tax (VAT) on the commodity.
ExxonMobil to Reroute Nigerian Crude
US oil giant ExxonMobil plans to export Qua Iboe crude oil through a secondary pipeline while it repairs damaged of the main line sustained in July.
Nigeria Exported 42% of Crude to India, Spain, Netherlands
Nigeria sold 42% of its total annual crude oil exports, which amounted to 320m barrels, to India, Spain and, the Netherlands, from June 2015 to May 2016.
Saudi Pumps Record Volume of Crude
Saudi Arabia boosted its output to a record high of 10.67mb/d in July, up from 10.55mb/d in June, according to figures Riyadh provided to the Organization of the Petroleum Exporting Countries (OPEC).
Iraq Reached $3.6b Foreign Oil Investment Deal
Iraq has reached an agreement with BP, Shell, and Lukoil to restart stalled investment in oil fields that the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017.
Iraq to Boost Basrah Crude Oil Export
Iraq will export 3.257mb/d of Basrah crude oil in September, up 13% from August, with both Basrah Light and Basrah Heavy seeing a rise in volumes.
Militants Bomb Delta Oil Pipeline In Nigeria
A militant group, Niger Delta Greenland Justice Mandate, have attacked two oil installation owned by the Nigerian Petroleum Development Company (NPDC) at Owhrode community, Udu local government area of Delta State. The group reportedly blew up a major trunk line which feeds Eriemu Manifold.
Iran to Build $8.4b Indonesian Refinery
The Head of Iran’s Petrochemical, Gas, and Oil Exporters’ Union, Hassan Khosrojerdi, announced that Iran will construct a 300,000 b/d refinery in Indonesia with funds provided by Chinese and European parties.
