News / International
SA’s Sasol Marks Petrol, Diesel Sales Decline
The South African chemicals and energy company Sasol has marked a decline in its sales of petrol and diesel - white product liquid fuel - from 59mb in June 2015 to 58mb in June 2016.
Eni, Exxon to Jointly Develop Mozambique Offshore Gas Project
Italy's oil and gas giant Eni has reached an agreement with US ExxonMobil to sell its multi-billion dollar stake in the planned offshore liquefied natural gas (LNG) development project in Mozambique.
Tanzania, Uganda to Complete Oil Pipeline in 2020
Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5b.
Transcorp Suspends Plans to Construct $1B Power Plant
Transnational Corporation of Nigeria Plc has decided to postpone plans to construct one of Nigeria’s biggest power plants
Saudi Arabia’s Oil Consumption Grows at Slow Pace
Oil consumption in Saudi Arabia, the world’s biggest crude exporter, is expanding at the slowest pace in at least six years as low energy prices hurt economic growth.
Libya Projects Oil Exports Rise by End 2016
The Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, is optimistic that the country’s exports could reach 900,000 b/d by the end of 2016 if all oil terminals were opened and the blockade militias honor the agreement to resume operations.
Libyan Authorities Debate Oil, Power Bottlenecks
The Libyan National Oil Corporation (NOC), the Tripoli-based Audit Bureau, and Mayors of the southern Libyan region discussed efforts to loosen bottlenecks on oil and power production.
Brazil Hits Record Oil, Gas Output in June
Brazil's oil and natural gas production increased to its highest-ever level of 3.21mb/d in June, a rise of 7.1% compared to a year earlier.
