Algerian production of oil by-products will reach 45m tons in 2024, with the new refineries of Hassi Messaoud, Tiaret and Biskra going into operation, according to Algeria’s Minister of Energy, Salah Khebri.
Kuwait Petroleum International (KPI) and PetroVietnam have signed a cooperation agreement that aims at re-focusing their refining and petrochemicals strategies.
Libyan oil output is expected to fall if a deadlock between east and west factions remains unsettled. An official from the Tripoli-based NOC said remaining storage capacity at Marsa al-Hariga port was limited and filling up fast.
The United States is "deeply" concerned about the Nord Stream-2 gas pipeline project as a threat to national security. Many EU governments complain it increases dependency on Russia's Gazprom.
A major security alert among security formations in the Nine States of the Niger Delta region was triggered following the claim of responsibility by the new renegade Militant group for several attacks on major oil and gas trunk lines and facilities.
South African energy producer Sasol almost doubled sales of natural gas from its Mozambican Pande and Temane fields in the nine months to March to 12.4bscf from 7.1bscf in the same period last year.
Damage to South Sudan’s oil fields after more than two years of civil war will hamper plans to boost output, Petroleum Minister said adding the country needs the revenue from pumping more oil to tame an economic crisis.
An engineering unit of China National Petroleum Corporation (CNPC) won a $620m contract to build Cambodia's first oil refinery. The refinery is located in Cambodia's southwestern Preah Sihanouk province.