The first agreement involves an exploration and production sharing contract for the Rufisque Offshore Profond block. The second one sets that Total will perform studies to assess the exploration potential of Senegal ...
Iran announced that it is ready to join the OPEC oil production cuts despite being exempted from the initial production cuts agreement, which allowed it to boost its crude output to about 4m barrels.
China and Saudi Arabia have signed preliminary deals that could be worth as much as $65b if finalized. One of the preliminary agreements envisages the joint development of downstream and petrochemical projects in China.
Kenya Pipeline Company (KPC) has signed a 3-year lease agreement with Kenya Petroleum Refineries Limited (KPRL) as it looks to expand the country’s oil storage capacity.