The High Court in Chad has fined Exxon Mobile with $74b for allegedly underpaying royalties for 15 years. The two other companies named in the case are Chevron Corp. and Malaysia’s state-owned Petroliam Nasional Bhd.
Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding for joint exploration and development of hydrocarbons in Lake Tanganyika.
A pipeline linking Iraq’s Kirkuk field to Turkey’s Ceyhan port was repaired after it was halted. A flow test took place and operations are expected to return to normal exports levels of more than 90,000b/d.
Kenya’s Energy and Petroleum Minister, Charles Keter, stated that the government and its upstream partners, Tullow Oil, Africa Oil and Maersk Companies, have concluded a Joint Development Agreement (JDA) for the deve ...
Iraq has resumed pumping oil from fields operated by state-run North Oil Company (NOC) via a Kurdish pipeline to Turkey. About 70,000 bpd of oil are being pumped through the pipeline controlled by the Kurdish Regiona ...
Kenya and Uganda are in talks to build separate crude pipeline in order to facilitate Uganda's oil export to Kenya's coastline, as transport cost is expected to increase over preliminary negotiated Uganda-Tanzania route.
Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after two months of declines.