Saudi Aramco has announced its plan to double the amount of local sources used in its supply chain to 70 %, and thus increase its overall direct domestic investments worth $300b by 2021, Trade Arabia informed. The aim...
The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched ‘DME Auctions’ platform, reported the Omani Oil and Gas Review. The Omani ...
Nigeria’s state oil firm NNPC began auctioning annual crude term contracts on live television on Tuesday, reported Reuters. The contracts are for nearly 2 million b/d of crude oil exports. This time round, howev...
President Obama has just signed an order directing his administration to begin issuing waivers to Iran’s nuclear sanctions, reported USA Today. The presidential memorandum marks what has being called the “...
German organization Friedrich- Ebert-Stiftung (FES) has launched an almanac to provide updates on progress in the Tanzanian petroleum sector, reported AllAfrica. The database – the Tanzania Oil and Gas Almanac &...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Emmanuel Kachikwu, said contracts to be awarded by the corporation would henceforth be made public, according to AllAfrica.com. “...
Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil giant more transpa...