News / International
Nigeria Will Not Increase Fuel Prices
Nigeria's national oil company said the government has no immediate plans to increase gasoline prices, days after fuel marketers and Nigerian National Petroleum Corporation's (NNPC) management called for the removal of a cap on price levels.
Maintenance at Qatari field Delayed Crude Cargoes
Maintenance work at Qatar's al-Shaheen oil field, the country's largest offshore oilfield, located 80km off the country's coast, has pushed back the loading of crude cargoes.
Iran to Store Gas in Azerbaijan
Iran is considering pumping natural gas to SOCAR's facilities during the summer months, for storage purposes until it is resupplied to Iran's northern provinces in winter.
Saudi Arabia, Russia Talk Oil Price Stability
The crown prince of Saudi Arabia, Mohammed Bin Salman, met the Russian President, Vladimir Putin, on the sideline of the G20 summit in eastern China, to discuss possible cooperation regarding oil production freeze proposal in an effort to rebalance global markets.
Oil Experts Discuss Uganda-Tanzania Oil Pipeline
A Paris based team of oil experts discuss new developments regarding the construction of a 1,410km-long East Africa crude pipeline to transport Ugandan oil from its city of Hoima through Tanzania, where 1,100km of the pipeline will run, to the Indian Ocean for export.
Zanzibar to Directly Negotiate Oil, Gas Deals
Zanzibar, a Tanzanian archipelago off the coast of East Africa, will soon start direct talks with investors in the oil and gas sector, thanks to a new law to be passed by Tanzania’s House of Representatives.
Aramco to Expand Okinawa Storage to 2M Barrels
Saudi Aramco and the Japanese government had agreed to expand and extend the current storage deal to 2 m b expansion of crude storage capacity in Okinawa, southwest of mainland Japan.
Saudi, China to Invest $4b in Petchem Project
Saudi Basic Industries Corp (SABIC) expects the company's greenfield petrochemical complex in Ningxia Hui Region of China to cost $3-4b and be finalized by 2020.
