Iraq finalizes Mansuriya contract for next government
Iraq has finalized contract terms with China’s Sinopec for the development of the Mansuriya gas field, although the deal will not be signed before a new government is formed. If Continue Reading
Nigeria: ‘Dangote Refinery to Cut Africa’s Petroleum Imports By 36 Percent’
The African Petroleum Producers Organisation (APPO) has said the Dangote oil refinery will cut the importation of petroleum productions in Africa by 36 per cent. APPO also said the success Continue Reading
U.S. Moves To Protect PDVSA-Owned Citgo For Another Year
The Treasury Department extended a moratorium on transactions on a bond issued by the U.S. arm of Venezuela’s PDVSA, Citgo, for another year in the latest move to shield the Continue Reading
Peru to call bid round for north coastal blocks as crude output dwindles
Peru to hold bid round in June Northwestern fields’ contracts about to expire Bid round Peru’s first since Tullow Oil in 2018 Peru’s government plans to call for bids in Continue Reading
Mexico Refinery $3.6B Over Budget
The facility is crucial to Pemex’s plans to halt crude oil exports in 2023. Mexico’s mega-refinery project Dos Bocas is expected to cost 40% more than previously estimated and is Continue Reading
First flights leave Chinese city Xi’an as travel curbs ease
The first commercial airline flights in one month took off Saturday from Xi’an in western China as the government eased travel curbs imposed after a coronavirus outbreak ahead of next Continue Reading
China’s Economic Downturn Gives Rise to a Winter of Discontent
China’s economic future isn’t looking all that bright and is starting to have political implications for President Xi Jinping. The Chinese Academy of Social Sciences expects annual growth to slow Continue Reading
Japan’s power utilities scramble for spot LNG as inventory drops
Highlights Several power utilities in the market to buy spot LNG Set to focus on long-term contracts in 2022 amid high spot prices But remain prone to spot purchase on Continue Reading
U.S. suspends 44 U.S flights by Chinese carriers after China action
The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some Continue Reading
Tokyo hits record 10,000 COVID cases, Japan over 50,000 for first time
Tokyo recorded its fourth record number of daily COVID-19 infections on Saturday, breaking above 10,000, while Japan’s exceeded 50,000 for the first time as the Omicron variant continues to spread Continue Reading