The Chinese firm Poly-GCL began drilling the 6th petroleum and natural gas well at Hilal-7 gas field in Ethiopia.
Oil exploration in Rwanda has stalled after negotiations with Chinese firm BGP suddenly collapsed.
China has opened a line of credit, worth $1.3b, to finance the development of Abadan Oil Refinery, Iran’s oldest refinery in the southern Khuzestan Province.
Iran’s Head of National Petrochemical Company (NPC), Marzieh Shahdaei, said that five petrochemical projects are expected to go on stream by the end of the country’s current fiscal year in March 2017.
China's November crude oil imports from the Kingdom of Saudi Arabia (KSA) jumped 29.19% on a year earlier to 1.15mb/d. Saudi Arabia re-emerged as the top oil supplier to India during November with over 873,000b/d,
Egypt and China signed a currency swap deal for $2.6b. This enables Egypt to increase foreign reserves after the EGP devaluation.
Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) is in talks with Asian companies to raise $1.1b for an expansion scheme.
A Chinese company has expressed readiness to invest in Iran’s petrochemical catalysts project with a total investment of $400m,
West African top exporters reached a record high of 726.4mb total, in October, which is 45.45bm in total, higher than September, with Nigeria and Angola leading the charge.
Egypt reached a currency swap agreement with China valued at $2.7b, brining Egypt closer to achieving the conditions required to receive a $12b loan from the International Monetary Fund (IMF).
China National Petroleum Corporation (CNPC) announced the first shipment of oil from its investment project in North Azadegan oil field in Iran.
Angola became China's largest crude supplier for the second time in September, taking the top position from Russia.
The Project Manager for Tanzania’s 542km gas pipeline from Mtwara to Dar es Salaam, Allan Slowe, said the pipeline’s lifespan will extend from 30 to 90 years.
Sudan and China discussed the renewal of the production sharing agreement (PSA) for Block B2 oil field in Heglig, located in the Sudan’s southern regions.
Libya's Zueitina oil terminal loaded its first cargo since 2015 with 800,000 barrels of oil for export to China. Ionic Anassa tanker, loaded with the shipment, departed the terminal in early October.
Nigeria expects to get as much as $4b in investment facilities for oil industry infrastructure as a 40-member Chinese investment team arrives the country at the end of October
Iran will export 1m barrels of crude oil to Hungry during November.
Zimbabwe signed a memorandum of understanding with China’s Shandong Dejian to develop solar milling plants in rural areas worth around $200m.
Saudi Basic Industries Corp (SABIC) expects the company's greenfield petrochemical complex in Ningxia Hui Region of China to cost $3-4b and be finalized by 2020.
Saudi Arabia signed 15 preliminary agreements with China, late August, upon Deputy Crown Prince, Mohammed bin Salman's visit and meeting with China's Vice Premier, Zhang Gaoli.