News / International
Venezuela Seeks to Revive OPEC Freeze Talks
Oil Minister for Venezuela, Eulogio del Pino, is once again hoping to persuade the Organization of the Petroleum Exporting Countries (OPEC) to reach a freeze deal that would help boost global oil prices.
Iran Approves IPC Terms
Iran's Council of Ministers has passed a regulation governing the general conditions, structure, and terms of upstream oil and gas contracts called Iran Petroleum Contract (IPC).
Algeria Boosts Gas Outputs
Algeria's Tiguentourine gas plant has resumed full production for the first time since a militant attack in 2013, seeking to boost gas transportation capacity to 18.3bcm/year by end 2019.
Iran Reinforces Northern Gas Network
The Iranian National Gas Company (INGC) announced that progression of its 170 km Damghan-Neka northern pipeline hit 65% and it will help reinforce gas transmission to northern regions of the country and result in network stability.
SA’s Sasol Marks Petrol, Diesel Sales Decline
The South African chemicals and energy company Sasol has marked a decline in its sales of petrol and diesel - white product liquid fuel - from 59mb in June 2015 to 58mb in June 2016.
Eni, Exxon to Jointly Develop Mozambique Offshore Gas Project
Italy's oil and gas giant Eni has reached an agreement with US ExxonMobil to sell its multi-billion dollar stake in the planned offshore liquefied natural gas (LNG) development project in Mozambique.
Tanzania, Uganda to Complete Oil Pipeline in 2020
Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5b.
Transcorp Suspends Plans to Construct $1B Power Plant
Transnational Corporation of Nigeria Plc has decided to postpone plans to construct one of Nigeria’s biggest power plants
