The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.
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Saudi state-owned oil company IPO received approval by the financial regulatory authority and is set to run next December in what’s expected to be the biggest share sale in history.
Output climbed 9.3% for oil and gas, and 3% for oil and gas products quarter-on-quarter.
Volume reached 3.828 million barrels of oil equivalent per day in August, almost 3 million being in oil only.
Oil extraction averaged 2.5 million bpd during the month, down 6.4% from May and 1.3% from June 2018.
May saw 2.73 million bpd, higher than the previous record of December 2016.
An office opened in the emirate’s oil industry zone, and a refinery is slated for construction.
Total output was 3.314 million barrels of oil equivalent, a 1.7% increase over March and 0.3% year-over-year.
The emirate’s Supreme Oil Council approved ADNOC’s strategic plan, which provides for significant investment through 2023 and a hike in oil, gas and petrochemicals production.
Egypt’s Minister of Petroleum, Tarek El-Molla, announced that his country will hold the first bid round for oil and gas exploration in the Red Sea before the end of the year.
Algerian oil company exported USD 16 billion worth of products from January to May, up 14% over the same period of last year.
ANP’s director general met with representatives of ADIA and AD Council last week, in which they showed to be interested in gas pipelines that will be privatized by the Brazilian state-owned oil company.
The announcement was made by the country’s Petroleum minister, Tarek El Molla. In Algeria, Sonatrach announced that it plans to double its output.
