News / International
Iraq’s Nassiriya Field Development, Refinery Project Back on Track
The Iraqi oil ministry and newly established Dhi Qar Oil Company are reviving plans to boost production and refining of crude oil from the Nassiriya field in southern provinces at a capacity of 300,000b/d, delayed from 2014 due to the emerged IS violence.
Minor Gas Leak at Major Kuwaiti Refinery
Kuwait's major refinery, Mina Al-Ahmadi, suffered a gas leak that occurred in the second line of a gas liquefaction plant and injured a laborer, but did not affect the plant's operations.
Saudi Aramco Confirms IPO Plans In Privatization Bid
Saudi Aramco has confirmed that it was studying plans to issue Initial Public Offerings (IPOs) in a partial privatization bid of the world’s largest oil company.
Africa’s PetroCurrencies Hit by Low Oil Prices
Africa's petrocurrencies have been hit by low oil prices, plaguing economies of Angola, Nigeria, and Algeria, most notably. Angola’s currency fell to an all-time low, Nigeria has imposed strict capital controls, and Algeria is looking at cutting subsidies to face economic difficulties.
Nigeria’s Refineries Start Production to Stabilize Supply
Several of Nigeria's struggling oil refineries are back in production and making enough gasoline to help stabilize supply in the country.
Nigeria Plans to End Gas Flare by 2030
Nigeria has planned to end gas flare in the country by 2030. Minister of Environment has said that Nigeria could generate as much as $7.5b worth of benefits by ending gas flaring and using the gas for commercial purposes.
Islamic State Claims Responsibility for Deadly Attacks in Libya
Islamic State has claimed responsibility for a series of deadly attacks in Libya that targeted police training center in the western city of Zliten killing at least 50 people. The suicide truck bombing followed earlier attacks by IS militants near the Es Sider oil port and a suicide bombing in Ras Lanuf, a major oil port in northern Libya.
Iran Targets Gas Exports for Region, Oil Exports Worldwide
Iran has held negotiations with Georgia about the export of 300-500mcf/d of Iranian natural gas through established channels in Armenia, boosting its profile in the regional market.
