News / International
Militants Bomb Delta Oil Pipeline In Nigeria
A militant group, Niger Delta Greenland Justice Mandate, have attacked two oil installation owned by the Nigerian Petroleum Development Company (NPDC) at Owhrode community, Udu local government area of Delta State. The group reportedly blew up a major trunk line which feeds Eriemu Manifold.
Iran to Build $8.4b Indonesian Refinery
The Head of Iran’s Petrochemical, Gas, and Oil Exporters’ Union, Hassan Khosrojerdi, announced that Iran will construct a 300,000 b/d refinery in Indonesia with funds provided by Chinese and European parties.
Gunmen Bombed Iraqi Bai Hassan Oil Field
A group of gunmen blew up a bomb at the Bai Hassan oil field in Iraq’s northern province of Kirkuk, setting some production facilities on fire.
Algeria Expected to Push for Production Freeze
Algeria and other OPEC members are expected to push for a production freeze during an OPEC informal meeting scheduled for late September in Algiers.
Iran, Russia Compete over Indian Refinery Supply
India’s Essar Oil Ltd, the country's largest refiner, expects to lower crude purchases from Iran after shipments from OAO Rosneft begin once the Russian state producer completes a deal to buy a 49% stake in the Indian company.
Sasol Expands Oil, Gas Output in Mozambique, Gabon
Energy and chemicals group Sasol has increased its natural gas, condensate and crude oil production in Mozambique and Gabon.
Militants Threaten to Destroy Refineries in Nigeria
Niger Delta Greenland Justice Mandate has issued a deadly warning that it will destroy refineries in the region.
Nigeria’s Oil, Gas Sales Reach $3.46b
Nigeria has earned about $3.46b in oil and gas revenues between July 2015 and June 2016, with a total of $2.3b coming from crude oil proceeds and $1.17b from gas sales.
