News / International
Petrobras to Re-Open its Rio de Janeiro Refinery
The board of Brazil’s Petrobras has voted to restart limited work at its idled refinery in Rio de Janeiro, but decided to cancel the proposed second processing train and lubricants plant at the complex.
Iran to Export 25mcm/d of Gas to Iraq
Director of the International Affairs Department at National Iranian Gas Company (NIGC) said that an Iraqi delegation will be present in Iran in early August to discuss a natural gas export project.
China’s Crude Oil Output Slips in First Half of 2016
According to the National Development and Reform Commission (NDRC), China’s crude oil output dropped by 4.8% year-on-year –to 100.45m tons in H1 of 2016.
India to Evaluate Gigantic Merger of 13 Oil Companies
India’s government has begun the process of evaluating the prospects of an ambitious plan that aims to merge 13 state oil firms to create a giant corporation that is expected to have a bigger market value than Russia’s state oil giant Rosneft and India’s Reliance Industries Ltd.
Libya’s Oil Output at Risk as NOC Chief Blasts Port Deal
Head of Libya's National Oil Corporation has objected to a deal between the UN-backed government and the Petroleum Facilities Guards (PFG) to reopen key ports.
Saudi PetroRabigh Q2 Profit Slumps 79%
Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) witnessed a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins.
Chinese Sinopec to Develop Iran’s Yadavaran Oil Field
Iranian Executive Director of Yadavaran Oilfield development project, Hadi Nazarpour, announced that the Chinese Sinopec Group is to undertake Phase II development of the field.
Iran to Retain Gas Export Volume to Europe by 2021
Iranian oil official said that the five-year economic development plan will help Iran retain its potential to export 30bcm/year of gas to Europe.
