China | Egypt Oil & Gas - Part 18
Iran Targets $8.6b Refinery Deals
Iran expects to sign its biggest oil refining contracts worth $8.6b with a number of Japanese, Chinese, and South Korean companies.
China’s Poly-GCL Drilling in Ethiopia’s Gas Field
The Chinese firm Poly-GCL began drilling the 6th petroleum and natural gas well at Hilal-7 gas field in Ethiopia.
Rwanda, China Halt Oil Exploration Talks
Oil exploration in Rwanda has stalled after negotiations with Chinese firm BGP suddenly collapsed.
China to Loan $1.3b to Iranian Refinery
China has opened a line of credit, worth $1.3b, to finance the development of Abadan Oil Refinery, Iran’s oldest refinery in the southern Khuzestan Province.
Iran to Bring 5 Petchem Projects Online
Iran’s Head of National Petrochemical Company (NPC), Marzieh Shahdaei, said that five petrochemical projects are expected to go on stream by the end of the country’s current fiscal year in March 2017.
KSA Led Oil Exports to China, India
China's November crude oil imports from the Kingdom of Saudi Arabia (KSA) jumped 29.19% on a year earlier to 1.15mb/d. Saudi Arabia re-emerged as the top oil supplier to India during November with over 873,000b/d,
Egypt, China Signed $2.6b Currency Swap Deal
Egypt and China signed a currency swap deal for $2.6b. This enables Egypt to increase foreign reserves after the EGP devaluation.
PGPIC Seeks $1b to Expand Petchem Projects
Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) is in talks with Asian companies to raise $1.1b for an expansion scheme. 
