News / International

Iran to Re-Launch Oil Swaps with Azerbaijan

Iran is expected to begin implementing the oil swap agreement with Azerbaijan in March, after a gap of five years.

Tanzania Announces New Onshore Natural Gas Discovery

Tanzania has discovered an additional 2.17tcf of possible natural gas deposits, raising the east African nation's total estimated recoverable natural gas reserves to more than 57tcf.

SOCO: Congo’s Baobab Marine-1 Well Comes up Dry

Central African oil player, SOCO International, said it came up empty-handed while drilling the Baobab Marine 1 well in the waters off the coast of the Democratic Republic of Congo.

Turkey to Restore Pipeline for Oil Transfer from Northern Iraq

Turkey has begun work to repair a pipeline taking crude oil from northern Iraq to the Mediterranean through its restive southeast and aims to restore flows soon.

Iraq’s Basrah Gas Company Doubles Gas Production

Iraq’s Basrah Gas Company (BGC) doubled the amount of gas that was processed from three flaring oilfields in Iraq since it started operating in 2013, in attempt to further increase its production rates.

Sudan in Talks with China to Develop its First Gas Pipeline

Sudanese Oil Minister, Mohamed Zayed Awad, held discussions with officials from the state-owned China National Petroleum Corporation (CNPC) to build the first gas pipeline in Sudan and to develop crude and gas industry in the east African country.

Peruvian President Investigated in Brazilian Petrobras Probe

Brazilian police, investigating a massive kickback scheme at state-run oil company Petrobras, are now looking closely at Peruvian President Ollanta Humala, suspected of having received $3m in bribes.

Gazprom to Build New Gas Route to Europe via Black Sea

Gazprom, Edison, and DEPA have signed a memorandum of understanding on a new pipeline taking Russian gas to Greece and Italy via the Black Sea.

Libya’s Oil Production Drops to 360,000b/d

Libya's National Oil Corporation (NOC) stated that country's total oil production had recently decreased to between 360,000 and 370,000b/d due to the ongoing attacks conducted by Islamic State on Libya's oil infrastructure.

Kuwait Aims to Raise its Crude Oil Production

Kuwait plans to raise its crude oil production by 150,000b/d in Q3 2016 and aims to sign new export deals with European and Asian customers, Nabil Bouresli, Managing Director of International Marketing at Kuwait Petroleum Corporation (KPC) had said earlier this month.

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