article thumbnail

Iraq Seals Major Oil Deal with Chinese Company

OilPrice

Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.

Refinery 333
article thumbnail

South Africa launches new national petroleum company

Oil & Gas 360º

(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.

Petroleum 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Alberta Discuses Heavy Oil Sales With Large Overseas Buyer

OilPrice

The potential deal with the multinational company, which Alberta didnt name, would be a first-of-its-kind transaction that would see the overseas transport and sale of about 2 million barrels per month of Government of Alberta owned heavy oil via the Alberta Petroleum Marketing Commission (APMC).

Oil 295
article thumbnail

Nigeria Sets Higher Oil Production Target

OilPrice

Nigerias government has set a new, significantly higher, production target for the national oil company, aiming for 2.5 million barrels daily by the end of this year. When the new NNPC management visited me, I increased their oil production target to 2.5

Oil 279
article thumbnail

Kenya to Launch Oil and Gas Licensing Round in September

OilPrice

Kenya expects to launch an oil and gas exploration round for 10 blocks in September, Opiyo Wandayi, the Energy and Petroleum Cabinet Secretary of the East African country, has said. The Kenyan government has renewed its efforts to launch an oil and gas industry and is offering tax incentives, among other incentives, the cabinet secretary

Gas 198
article thumbnail

Canadian Association of Petroleum Producers (CAPP) statement on the Canadian federal election and offer of congratulations to Prime Minister Mark Carney

BOE Report

The Canadian Association of Petroleum Producers (CAPP) congratulates Prime Minister Mark Carney and all the newly elected and returning Members of Parliament. A new federal government offers an opportunity to rejuvenate Canadas economy and its approach to natural resource development.

article thumbnail

2025-2026 Oil Market Outlook: An Update

Energy Outlook Advisors

Russia's 2022 invasion of Ukraine and subsequent G7/EU sanctions on Russian crude and petroleum products created the largest dark fleet in history, reducing shipping data credibility. Historically, shipping data was critical to judge the accuracy of government data. Now we use it with doubts! Share Read more

Oil 211