News / International
Nigeria to Import Petroleum Products
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and an international company, NIMEX Petroleum Group, have plans to import 100,000 metric tones of petroleum products to complement the efforts of the Nigerian government in driving the deregulation policy.
Kenya to Start Oil Production from Turkana Discovery
Kenya is set to start the development and commercialization of the deposits from oil discovered in Turkana county as the cabinet approved the transportation of up to 4,000b/d by road and rail from northwest Kenya to the port city of Mombasa for refining.
Israel to Tender 24 Offshore Exploration Blocks
Israel is preparing to tender 24 offshore exploration blocks to be offered in an international bidding process through which energy companies will compete for rights to participate in exploration for oil and natural gas in the country’s economic waters.
Iran to Sign Oil Deals Worth $25b
Iran expects foreign oil companies to sign deals valued at $25b over the next one to two years under the terms of a new contract model.
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).
