Saudi Arabia may pump more oil next month but this does not necessarily mean it will raise exports as well, Reuters reports , citing sources familiar with Riyadh’s plans. The Continue Reading
President Hassan Rouhani said on Saturday Iran must counter U.S. sanctions by continuing to export its oil as well as boosting non-oil exports. Rouhani’s comments, carried live on Iranian TV, Continue Reading
Iranian oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by U.S. Continue Reading
Mozambique, on the verge of being transformed with the development of major LNG export projects, needs to improve government finances and the country’s social environment for the projects to generate Continue Reading
The Federal Government has disclosed that about 43 refineries, including large scale and modular refineries, have been licensed to refine petroleum products across the country. The Senior Technical Adviser to Continue Reading
The Nigerian National Petroleum Corporation (NNPC) yesterday said $2.2 billion (N673.2 billion) had been saved from refining over 40 billion liters of crude oil abroad through the nation’s Direct Sale Continue Reading
Exxon Mobil Corp said on Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Exxon has been investing heavily in its Continue Reading
Exxon Mobil Corp on Friday sued Cuba’s state-owned Cuba-Petroleo and CIMEX Corp in U.S. federal court seeking $280 million over a refinery, gasoline stations and other assets seized after Fidel Continue Reading
Venezuela’s state-run oil company PDVSA said on Friday it would install 20 generators to make a crude project partly owned by Chevron “independent” of the national grid, after a wave Continue Reading
Venezuela’s opposition came tantalizingly close to removing President Nicolás Maduro from power this week, according to more than a dozen people involved in talks to oust him. But in the Continue Reading
