Libya’s crude oil and condensate exports are expected to reach 1.24 million barrels per day (mmbl/d) in December, recording the highest level in 13 months.

Libya's National Oil Corporation (NOC) announced on November 11 the completion of its operational tests for the second development phase of Faregh field.

Abu Dhabi National Oil Company (ADNOC) purchased an American Eagle Ford condensate cargo in a tender for September arrival.

UAE Dana Gas Company's first cargo consisted approximately 150,000 barrels of Wastani condensate and was loaded mid-April.

Japanese traders, including Marubeni Corp and Sumitomo Corp, are looking to resume imports of Iranian oil, potentially by the end of 2016.

Egypt is planning to import 120 liquified natural gas (LNG) cargoes in 2017, worth about $2.4b at current spot prices in Singapore.

The final stages in the development of platforms 19A, 21 and 18B for Iran’s South Pars giant gas field are underway, with them coming on stream by late 2016 or early 2017 at the most.

Iranian Ministry of Petroleum announced that the country's crude oil exports have doubled crossing the level of 3.8mb/d with over 2m barrels being exported to foreign destinations, since Iranian President, Hassan Rouhani, took office in 2013.

South Korea plans to boost imports of Iranian oil, in particular condensate, which is a super light oil that can be processed into fuels and petrochemicals, to meet country's growing demand.

Iran's Oil Ministry website Shana announced on Friday that the long-awaited new model contract for oil and gas will be unveiled ahead of schedule