Chevron | Egypt Oil & Gas - Part 11
Iraq to Boost Oil Exports to China
Iraq will sell more crude oil to its biggest customer, China’s Unipec, just before production cuts agreed with OPEC and other producers are scheduled to kick in.
Nigeria Reaches $5.1b Debt Deal with Oil Majors
Nigeria has reached a $5.1b settlement to reimburse foreign oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, for past operating costs.
Mafumeira Sul field Began Oil Output
Angolan state oil company Sonangol and its partners including oil major Chevron have started production at the Mafumeira Sul oil field with an initial output of 10,000b/d.
Nigeria, IOCs Settled for $5b
Nigeria has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production.
Chevron to Sell African Assets
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a 110,000b/d refinery in Cape Town.
Angola LNG Shipped Second Cargo
Angola's liquefied natural gas (LNG) export plant launched a tender to sell its second post-shutdown cargo.
Nigeria Seeks $10b is Petroleum Assets Sale
Nigeria will sell off 15% of the Nigerian National Petroleum Corporation's (NNPC) and Nigeria LNG Limited's (NLNG) oil and gas assets to help revive the country's economy, with an expected yield of $10b.
West Africa to Ship 60 Oil Cargos to Asia in September
The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make th ...
