News / International
Russia,Saudi Arabia Talk Oil Market Stability
Russia is consulting with Saudi Arabia and other producers to achieve oil market stability, opening the door to further discussions on output freeze.
Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields
Russia oil firms Lukoil and Gazprom plan to invest in the development of three oil fields in Iran, with Gazprom finalizing their agreement with the National Iranian Gas Company.
Nigeria’s PPMC Sold $2.75b of Petroleum Products
According to the Nigerian National Petroleum Corporation (NNPC) Monthly Operations and Financial Reports for June 2016, the Pipelines and Product Marketing Company (PPMC) earned $2.75b from the sales of petroleum products in 12-months, from July 2015 to June 2016.
GMS Receives Early Termination Notice
UAE's Gulf Marine Services (GMS), received a notice of early termination for a Mid-Size Class SESV supporting well services for a national oil company in the MENA region
Ghana’s GNPC to Supply Local Refineries
The Ghana National Petroleum Corporation (GNPC) will sell crude from its new TEN field to the country's under-supplied refinery, instead of shipping it all offshore as it currently does.
Algeria’s Crude Flows at Hassi Bir Rekaiz field
Sonatrach reported new successful drilling results at the Hassi Bir Rekaiz project in the Berkine basin. Tests showed a crude oil flow rate of 2,406 b/d.
Angola Oil Exports to Drop in Sept, Oct
Angola's crude oil exports are expected to decrease during the fall months, due to maintenance. The south african nation is expected to export under 1.8m b/d of oil across 56 cargoes in September and 1.43m b/d across 46 cargoes in October.
Iran to Launch Gas Export to Iraq
Iran stated that natural gas exports to Iraq will start in September 2016. The Managing Director of the National Iranian Gas Company (NIGC),Hamid-Reza Araqi, confirmed that Iran will initially ship 7 mcm/day to supply a power plant in Baghdad and a second route to Basra will be opened in 2017, with shipments eventually reaching 70 mcm/d.
