OPEC Looks To Dial Back Production Cuts
China became the second largest LNG importer in 2017, surpassing South Korea. – China’s LNG imports of 5 billion cubic feet per day (Bcf/d) was second only to Japan’s 11 Continue Reading
France’s Total Could Bid To Build 150,000-Bpd Oil Refinery In Iraq
France’s oil and gas major Total is interested in bidding for the construction of a 150,000-bpd oil refinery in Nassiriya in Iraq, Reuters reported on Tuesday, citing two sources familiar Continue Reading
Iraq open to business, including with Rosneft, foreign minister says
Baghdad is open to business with any company interested in supporting the country, Iraqi Foreign Minister Ibrahim al-Jafari said in Moscow on Wednesday, answering a question about the activities of Continue Reading
Iraq preparing to tender water injection project if Exxon talks fail
Iraq’s Basra Oil Co is preparing to tender for a water injection project vital to increase its oil production capacity if talks with Exxon Mobil fail, the head of the Continue Reading
Iraq agrees tentative deal with Kurds to resume crude oil exports to Turkey
Iraq has agreed a deal with the semi-autonomous Kurdistan Regional Government to resume crude oil exports through its pipeline to Turkey, halted since last July, local media quoted Prime Minister Continue Reading
Oil-Rich Nigeria Fuel Scarcity Weighs on Buhari’s Popularity
Shortages hit a year before general elections in 2019 Government’s fuel subsidies foster dearth of supplies A giant electronic advertising screen displays headline news about President Muhammadu Buhari in Lagos. Continue Reading
Nigeria: Buoyed By Non-Oil Sector, GDP Sustains Growth At 1.92% in Q4 2017
Buoyed by the non-oil sector, the Nigerian economy grew in real terms by 1.92 per cent in the fourth quarter (Q4) of 2017 (year-on-year), maintaining its positive growth trajectory since Continue Reading
Natural Gas To Become Primacy Source Of Energy In Latin America
On Thursday, February 1, Hon. Alfonso Blanco Bonilla, Executive Secretary of the Latin America Energy Organization (OLADE), presented the energy outlook for 2018 to the 2 nd Latin America Energy Continue Reading
Swiss trader seeks go-ahead to buy Venezuela-Russia oil loan
Commodity trader Mercuria has asked the US Treasury for permission to buy out a $1.5bn loan between Russia’s Rosneft and Venezuela’s state oil company, which had raised the prospect of Continue Reading
Quakes halt LNG production in Papua New Guinea
Production at a liquefied natural gas facility in Papua New Guinea was shut down safely after a major earthquake this week, an Australian company said. More than a dozen people Continue Reading