News / International
Shell Lining Up for $30b Divestment Plan in 2016-2018
Royal Dutch Shell Plc is lining up assets for a $30b divestment program between 2016 and 2018 that may extend from the US and Trinidad to India following its record takeover of BG Group.
EU Approves Trans-Adriatic Pipeline Deal
The European Union has approved a deal between Greece and the Trans-Adriatic Pipeline (TAP), which will bring gas from Azerbaijan to Europe.
Russia’s Gazprom Neft Recorded Arctic Oil Output Rise in 2015
Russia's Gazprom Neft said that it had increased its crude output in 2015 due to higher production from its Arctic projects SeverEnergia, Prirazlomnoye and Novoport as well as continued growth at projects in the Orenburg region and Iraq.
South Korea Plans to Boost Iranian Oil Imports
South Korea plans to boost imports of Iranian oil, in particular condensate, which is a super light oil that can be processed into fuels and petrochemicals, to meet country's growing demand.
Dubai Government Tackles Illegal Diesel Trading
Eight Dubai Government entities joined hands to inspect 12 companies in the emirate involved in the illegal trade of diesel.
Oman Revises Petrol, Diesel Prices
Oman’s Ministry of Oil and Gas has announced the revised petrol and diesel prices to be effective as of March. The prices for super grade and regular petrol decreased, while diesel price remained unchanged.
Iraq’s Oil Exports Fall Below Planned Levels in February
Iraq’s Oil Ministry stated that its crude exports declined to an average of 3.225mb/d in February, far below levels planned to provide the nation with badly needed cash for ongoing military operations against Islamic State extremists.
Algeria’s President Calls For Increase in Gas Production
Algeria’s President Abdelaziz Bouteflika has called for a renewed push to increase gas production in a bid to repair state finances. However, it will take efforts to reverse the trajectory of a sector that fell into decline long before the global oil price slump.
