News / International
Statoil Divesting $220m Interest in TAP
Norway's oil and gas producer, Statoil ASA has announced a divestment of its 20 % interest in the Trans Adriatic Pipeline to Italian gas pipeline operator, Snam SpA, worth $220m (€208m), expected to be finalized by end 2015.
Mexico Expands Offshore, Onshore Production via International Companies
Italian ENI has signed its production-sharing contract for oil and gas production in the Bay of Campeche offshore Mexico. Mexican government announced it would tender 25 onshore oil and gas fields in mid-December.
West African Crude Oil Exports to Asia on Rise
West African crude oil exports to Asia are likely to hit five-month high of 1.96m b/d in December over a robust 50% rise on month demand from India due to shortages on the domestic markets.
Sinopec to Lease 75% of Hovensa Oil Storage Capacity
Sinopec, Asia's biggest oil refiner, and Freepoint, US commodity trader, will take part in reviving the Caribbean oil refinery, Hovensa, in collaboration with Limetree Bay Holdings LLC, the buyer of the complex in St. Croix, US Virgin Islands.
Greece to Pay Off $800m Debt in Oil Purchases to Iran
Greece is to enter in negotiations to pay off its $800m debt to Iran for oil purchases conducted prior to the sanction regime was imposed on Tehran.
Japan’s Oil Refiners in Talks over Planned Merger
Japan's largest oil refiner JX Holdings and its rival TonenGeneral Sekiyu have confirmed to be in talks over a planned merger to be completed by 2017.
PetroRabigh to Reopen its Refining, Petrochemical Complex
Saudi Arabia's PetroRabigh will restart most operations at its refining and petrochemical complex on December 3rd, after a 50-day maintenance work, while high olefin cracker unit will remain offline until estimated end-December.
Thyssenkrupp Appoints New CEO for MENA
Germany-based Thyssenkrupp Industrial Solutions has appointed Boris van Thiel as its new CEO of the MENA regional cluster.
