News / International
Tanzania Invests $300m to Export Electricity to Kenya, Zambia
Tanzania is planning a $300m energy project to export electricity to Kenya and Zambia, which is expected to be completed within the next two years.
Nigeria Destroys 400 Illegal Mini-Refineries Despite Scarcity
The Nigerian Security and Civil Defence Corps, NSCDC, informed it had recently destroyed more than 400 illegal mini-refineries operated by oil thieves. The measure was met with criticism as it is not believed to be the best solution taking into account that the country is unable to refine enough crude for local consumption of by-products.
Nigeria’s NNPC loses $121.63m due to Vandalism
The Nigerian National Petroleum Corporation (NNPC) said it recorded around $121.63m loss in February, when gas supply decline of 70mscf/d to power plants due to vandalism of the Forcados export line.
Tehran to Ink Gas Oil Export Deal with Iraq
Iran and Iraq are expected to sign an agreement for export of 2m tons of gas oil to Iraq, which will turn the neighboring country into largest buyer of the Iranian oil product.
Iran, Norway Plan to Build Floating LNG Facility in Persian Gulf
Iran and Norway plan to build a floating facility for liquefied natural gas in the Persian Gulf with a help of an yet unidentified Norwegian company.
Iran, Total to Finalize Petchem Deal in April
Iran expects to finalize a deal with the French energy giant Total over the development of a major petrochemical project in the near future.
Oman Records 166% Rise in Petrol Production
Oman recorded a 166% year-on-year increase in the production of regular petrol 90 and super petrol 95 during the first two months of 2016, according to the latest data released by the National Center for Statistics and Information.
BP Faces Shareholders Criticism Over CEO’s 20% Pay Rise
BP Chief Executive Bob Dudley is facing a shareholder rebellion against his 20% pay rise for 2015 — the same year that the oil company reported its worst ever annual loss of $6.5b.
