Vitol | Egypt Oil & Gas - Part 2
Ghana’s New FSPO to Operate in Tano Basin
Ghana has named the Floating Production, Storage and Offloading (FPSO) vessel ‘John Agyekum Kufuor’ commissioned by Eni, Vitol, and Ghana National Petroleum Corporation (GNPC). John Agyekum Kufuor was Gha...
Vitol to Loan Iran $1b for Refined Oil Products
The National Iranian Oil Company (NIOC) finalized a deal with the world’s largest oil trader, Vitol, loaning Iran about $1.05b guaranteed by future exports of refined products, Reuters reported. The deal was sig...
Kuwait Energy, Vitol Signed Financing Deal
Kuwait Energy signed a forward sale agreement with Vitol providing it with a financing facility for up to $100m, Reuters reported. The facility will be repaid to Dutch group Vitol via Kuwait Energy’s Iraqi crude entit...
EGAS Awarded 2017 LNG Import Deals
The Egyptian Natural Gas Holding Company (EGAS) awarded liquefied natural gas (LNG) import contracts for 60 cargoes to Glencore, Trafigura, BB Energy, Gunvor and Vitol, thus covering EGAS’ annual LNG requirement...
Ghana to Get FPSO for Sankofa
Eni Ghana’s Managing Director, Fabio Cavanna said the Ghana will receive a Floating, Production and Storage and Offloading (FPSO) vessel for the Sankofa project by March 2017 after which production of crude would comm...
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol, a global energy trading house, are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises, reported Reuters. In an attempt to av...
Sankofa-Gye Nyame to Produce Oil 2017
Oil production from Ghana’s Sankofa-Gye Nyame oil field, is expected to commence in the second quarter of 2017 while production of gas is expected to begin in the second quarter of 2018, Esi Africa reported. The Ghana...
GNPC Received $500m LOC for Sankofa Gas
HSBC and Standard Chartered issued a $500m letter of credit (LOC) to Ghana National Petroleum Corporation (GNPC) to guarantee payments for gas extracted in 2018 from the offshore Sankofa field, Reuters Reported. The b...
