Oil refiners in Europe are cutting their longstanding use of Russian crude in favour of Saudi grades thanks to aggressive price discounting, reported Reuters. “I’m buying less and less Russian crude for my...
Uganda and Tanzania have signed an agreement to explore the possibility of building a crude oil pipeline between the two countries, Uganda’s Ministry of Energy and Mineral Development said, The Star reported. Th...
Nigeria’s President Muhammadu Buhari, at a meeting with President Xi Jinping of China on the sidelines of the 70th United Nations General Assembly in New York, said China has intercepted shiploads of crude oil s...
Iran and Oman have signed an agreement to study an undersea gas pipeline said Alireza Kameli National Iranian Gas Exports Company (NIGEC), reported Press TV. “Gas exports to Oman and entry into its retail market will ...
In a statements made to Egypt Oil & Gas (EOG), Middle East Oil Refinery (MIDOR) Chairman, Dr. Mohamed Abdul Aziz asserted that his company was processing 50,000 b/d of crude to supply local markets with petroleum ...
Bahrain’s Energy Minister, Abdul-Hussain bin Ali Mirza, announced that Saudi Arabia and Bahrain have signed contracts worth around $300m for a new 350,000 b/d oil pipeline between the two countries, reported Reu...
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, reported Reuters. “First, the new contracts will be unveil...
Iran announced its readiness to export crude to Spain, reported Press TV. “We are still to arrive at a figure for oil exports to Spain,” said Mohsen Qamsari, the director for international affairs of the National Iran...
A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500m annually and the country risks losing investment from foreign oil companies, Jean-Michel Lavergne,...
South Africa’s Sasol Ltd. has a two-pronged strategy on behalf of Mozambique, it seems. It hopes to become the first commercial oil producer in the country and wants to extend an existing gas pipeline that will ...