Tag Archives: Africa

The pipeline explosion in Libya is a lot more serious as it may take a long time to restore

The field. operated by Eni. was discoveredAugust 2015 and is estimated to have a total potential of up to 30 trillion cubic feet of gas in place.

Egypt’s Eni SpA-operated Zohr natural gas field has started production. bringing the country closer to its goal of energy self-sufficiency.

Saudi Aramco. the world’s largest oil producer. has supplied 1 million barrels of crude oil to Egyptian refineries. Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday.

Nigeria will take $1 billion from a special account for oil-revenue savings to boost its war against Boko Haram Islamist militants in the country’s northeast.

Libya agreed its oil production would not exceed 1 mln bpd. and Libya said it would bring its output in line with the target next year.

OPEC was discussing ‘soft targets’ of around 1.8 million bpd for Nigeria and 1 million bpd for Libya.

Nigeria would support an output cap for itself at 1.8 million b d and would continue to be responsible with its production.

Libya and Nigeria. both OPEC member states are exempted from the obligation to cut production within the deal.

BP wants to acquire a 30 per cent stake in the SNE field that Edinburgh-based Cairn found in 2014.