The Nigerian National Petroleum Corporation (NNPC) recorded $2.45b crude oil export sales in 2016.
Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.
Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, as South Korea doubled its imports of Iranian crude in January.
Egypt Oil and Gas that the company set a new plan to raise its production rate during 2017. GPC is seeking to reach nearly 6k b/d of crude oil.
Kuwait increased the monthly amounts of crude oil to be stored in Egypt to 4m b/m.
Nigeria's Minister of State Petroleum Resources, Ibe Kachikwu, said that the country is capable of producing 3mb/d of crude from the Niger Delta region.
Nigeria is said to have returned back to the position of Africa's top oil producer with 1.782mb/d in November.
Egyptian fuel exports decreased by 22.6% during the period from January 2016 to September 2016 as Egypt exported for EGP 16.2b
Tema Oil Refinery (TOR) is set to begin processing Crude oil from Ghana’s Tweneboah Enyerra Ntonme (TEN) field from early January.
Egypt will increase production of crude oil and condensates to reach 705,000b/d before the end of June 2017
Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies worth a total of more than $72m per day.
Nigeria to focus on crude oil to fund the 2017 fiscal plan where oil mineral resources are projected to provide 40% of the revenue.
Borno State, in northeastern Nigeria, has joined the league of oil-producing areas in the country, with the discovery of crude oil after many months of exploration,
Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume with additional 2m tons of crude oil import from Nigeria in 2017.
Nigerian National Petroleum Corporation (NNPC) has announced that it is ready to explore for crude oil in the Gulf of Guinea.
Nigeria has lost over 130m barrels of crude oil from January to November this year to the activities of 32 militant groups in the Niger Delta region.
The Nigerian National Petroleum Corporation (NNPC) has announced that 224 companies have submitted bids for the lifting and sale of crude oil during the upcoming 12-months calendar.
Nigeria is considering importing crude oil from Chad and Niger Republic to supply the Kaduna refinery in attempt to resolve Nigeria's chronic petrol shortage crisis.
Two tankers carrying 3m barrels of Nigerian and Angolan crudes set sail in November to Argentina to feed its domestic refining network, pushing the country's imports close to 2015's level.
Kuwait crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d.