News / International
Iran Breaks Diesel Export Barrier, Draws in European Banks
Iran, for the first time, has become a net exporter of gas oil, said Nasser Sajjadi the managing director of Iran's national oil distribution company (NIOPDC)
Nigeria Lifts Bans, Renews Swaps While Combating Oil Corruption
Bloomberg learned that Nigeria has canceled a two-month old ban on 113 foreign-flagged vessels, preventing them from loading crude or gas from the country.
Oil Firms in Uganda Searching for Alternative Route Through Tanzania
Oil companies in Uganda are in discussions with Tanzania for an alternative pipeline route through Tanzania despite a recent agreement between the President of Uganda Yoweri Museveni and his Kenyan counterpart President Uhuru Kenyatta.
Investment Banking Giant Goldman Sach’s Says Oil Could Drop to $20
The investment bank Goldman Sach’s recently released a report saying that oil prices could drop to $20/barrel, at least in the short term, USAToday reported.
Morocco Oil Refiner Plans Capital Increase to End Crisis
Morocco oil refiner Samir informed it was planning a capital increase of $1.04b in an effort to end the company's financial difficulties. As Morocco's only refinery, its closure would make the country entirely reliant on imports and could also impact Moroccan banks exposed to Samir's debt.
Kenya Grants Offshore Production Sharing Extension
Erin Energy Corporation obtained an 18-month extension of its Initial Exploration Period (IEP) of its offshore blocks in Kenya, L27 and L28
Iran to Receive Overdue Debts from Indian Refiners
Indian refiners are preparing to deposit $700m with the United Commercial Bank to transfer the first installment of oil payments owed to Iran,
Iran to Pursue EOR Contracts Internationally
Press TV quoted Mohammad Keramati, the head of the Iranian Research Institute of Petroleum Industry, as saying that more than 490b barrels of Iran’s oil reserves are not recoverable without the right technologies.
