Industry veteran Ali Rashid Al-Jarwan to lead ENOC-owned subsidiary
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Libyan forces mobilising to retrieve oil ports
The LNA took over the ports of Es Sider, Ras Lanuf, Brega and Zueitina in September, allowing the National Oil Corporation (NOC) to end a long blockade in the area and more than double national output
Libya’s biggest oil port seized by armed group
The Benghazi Defense Brigades, a militia that’s not allied to the United Nations-backed government in Tripoli, took control of the Es Sider terminal, which had previously been under the control of eastern-based military commander Khalifa Haftar
Lukoil of Russia plans Middle East expansion
The company is currently involved in Iraq, with 400,000 bpd of oil production, and in Egypt, with 6,000 bpd
Iran inks oil agreements with Austria
The Iranian vice president’s advisor said the visit to Vienna was in line with a five-year plan to stimulate bilateral cooperation
Oman’s oil exports to China fall 30% in January
The sultanate’s oil production declined 4.1% to 29.93mn barrels in January 2017 from 31.2mn barres in January last year
Kurdistan negotiates $3bn oil pre-payment deals
Trading houses have been pre-financing Kurdish oil exports for the past two years after the government in Erbil decided to start independent oil exports via Turkey’s Mediterranean terminals
Algeria, Exxon discuss joint offshore oil drilling
With lower oil prices forcing the company to focus on developing mature wells in the Sahara Desert, offshore rigs could open up new growth opportunities
Kuwait’s oil exports to China above 250k bpd level
China drastically increased the quota for non-State crude imports in 2016 as it seeks to attract more private capital in the largely monopolised sector
US oil rises on record OPEC output cut compliance
OPEC has so far surprised the market by showing record compliance with oil-output curbs