Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, as South Korea doubled its imports of Iranian crude in January.
Egypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020, said EGAS' CEO, Mohamed El Masry, speaking at EGYPS 2017's Strategic Conference.
Tehran and Muscat signed a preliminary agreement for a major offshore pipeline project to supply Iranian natural gas to Oman, with top European and Asian companies reportedly in line to implement the project.
Iran will offer discount on future gas supplies to Turkey to clear a $1.9b compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015.
Namibia's Karas Governor, Lucia Basson, said the region has the potential to supply electricity to the entire country and produce surplus power to export.
According to a report by the Energy International Administration, the statistical arm of the United States’ Energy Department, Nigeria’s crude oil production is expected to remain depressed through 2017 as a result o ...