News / International
Nigeria Resumes Crude Exports to US
After flows of Nigerian crude to the US during past June and July were partly driven by high prices for domestic light sweet crudes, in September a few Nigerian cargoes were heading to US refineries.
Chinese Slowdown Catching Up with Angolan Crude Sales
West African crude trading slowed on Monday with Angola's October program nearly cleared out
SEPCO Contracts in Saudi Not Entirely a Done Deal
China’s Shandong Electric Power Construction Corp (SEPCO) will install two booster gas compressor stations for Aramco
Iraq’s Planned Export Push Depends on Basra Crude
According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran.
Iran Hopes to Stabilize Oil Prices in Face-Off with Saudi
According to Gulf News, Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017.
New Oil Laws Approved by Congo president
Democratic Republic of Congo President Joseph Kabila has approved a new oil code intended to impose order on a haphazardly regulated sector, according to a copy of the law seen by Reuters.
Weak Oil Prices Harm Algerian Forex Reserves
Algeria's foreign exchange reserves fell 11.1% in the first six months of 2015 as a result of weaker oil prices, the central bank informed. The government is planning to raise taxes on diesel, 3G internet, and electricity.
Nigeria’s Buhari in France to Strengthening Cooperation
Nigerian President Muhammadu Buhari was scheduled to travel to Paris on Monday for a three-day official visit to France following an invitation from President Francois Hollande. Meetings with the heads of French oil major Total are also planned.
