Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume with additional 2m tons of crude oil import from Nigeria in 2017.
The Nigerian National Petroleum Corporation (NNPC) has announced that 224 companies have submitted bids for the lifting and sale of crude oil during the upcoming 12-months calendar.
Nigeria is considering importing crude oil from Chad and Niger Republic to supply the Kaduna refinery in attempt to resolve Nigeria's chronic petrol shortage crisis.
Two tankers carrying 3m barrels of Nigerian and Angolan crudes set sail in November to Argentina to feed its domestic refining network, pushing the country's imports close to 2015's level.
Kuwait crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d.
The Nigeria National Petroleum Corporation reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude attractive to buyers and to help it regain its share of ...