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Amid positive news in the LNG market and diversification efforts in North America
and elsewhere, geopolitical stresses continue to be seen in the East Mediterranean

COMMENTARY WELCOME to the latest edition of NewsBase’s brought production down to 1.37mn barrels per
Roundup Global (NRG), in which our team of day (bpd) in July. Other sources put yields at 1.49
international editors provide you with a snap- bpd in July, though.
shot of some of the key issues affecting their In other news, Nigerian National Petroleum
regional beats. Get the NRG Oil & Gas Editor’s Corp. (NNPC) is pushing ahead with efforts to
Picks to your inbox every week for free. Just sign build the Ajaokuta-Kaduna-Kano (AKK) pipe-
up here. line, which will increase natural gas deliveries to
This week’s topics include challenges, progress the domestic market. Seyi Omotowa, the head
and failures in Africa, natural gas policy announce- of NNPC’s Nigerian Gas Co. (NGC) subsidiary,
ments in Western Australia, a contract award at the said that the state-owned firm was determined
Shuiaba refinery, Iraq, an assessment of Azerbai- to ensure that work on the $2.8bn project did not
jan’s energy exports and output, and continued fall behind schedule. When finished, the 614-km
stresses between Greece and Turkey on drilling in pipeline will have a throughput capacity of more
the Eastern Mediterranean. than 36bn cubic metres per year.
Add in Chevron’s moves in renewables and Meanwhile, Nigeria’s government is also
nuclear fusion and a look at the rise in LNG exports, trying to move forward with the passage of the
and our monitors provide worthwhile insight into Petroleum Industry Bill (PIB), which will replace
the worldwide energy industry. the 2004 Petroleum Law. But the latest version of
the draft law has drawn criticism from the head
Africa: Nigeria tries to stay on task of Dupri Oil, an independent Nigerian operator.
Nigeria may be Africa’s largest crude oil pro- Imo Itsueli, the head of the company, says Abuja
ducer, but it has been working to reduce output drew up the bill without seeking sufficient input
levels in line with the OPEC+ agreement signed from oil and gas companies. These firms may
earlier this year. According to the latest version of raise objections when the PIB comes up for pub-
OPEC’s monthly report, the West African state lic discussion, he said at a webinar last week.

P6 www. NEWSBASE .com Week 33 19•August•2020