The Gambian Ministry of Petroleum, National Water and Electricity Company (NAWEC), and the Chinese company Sinohydro Corporation signed a $165m project aiming to construct a new HFO Power Plant with 60MW capacity in ...
China and India are going to import oil from Kenya under a test program that will be launched in June, in opposition to a prior announcement stating that Kenya would be exporting its oil to buyers in Europe.
Kuwaiti governmental data indicated that the country's exports of crude oil to China in February 2017 increased by 16.5% from February 2016 on daily basis to 1.07m tons, equivalent to around 281,000b/d.
Non-OPEC producer Oman has notified its term customers in Asia that it will reduce supplies by 15% from June to meet local demand and as part of its commitment to cut output under a producers' agreement.
Saudi Arabia maintained its spot as China's top oil supplier in February, two months into the first OPEC output cuts in almost a decade, despite a near 13% fall in shipments from 2016.