Page 17 - EurOil Week 40 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global complicated by a previous decree issued
(NRG), in which the reader is invited to join in August, which prohibits foreign firms
our team of international editors, who provide a from closing the sale of their assets with-
snapshot of some of the key issues affecting their out Putin’s direct approval.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: RWE Signs Documents With AD-
link for each section the full text will be available NOC On LNG Supplies
as before. Germany’s RWE revealed on September
25 that it had signed documents with Abu
AfrOil: Gasoline Subsidies Called Main Driv- Dhabi National Oil Co. (ADNOC) of the
er Of Nigerian Public Debt UAE on LNG supplies.
Patience Oniha, the director-general of In a statement, RWE explained that one
Nigeria’s Debt Management Office (DMO), of the documents was an agreement under
said on September 27 that domestic gaso- which ADNOC would make its first com-
line subsidies were the primary cause of the mercial delivery of LNG to Germany.
ongoing rise in public debt.
Speaking during a presentation on budg- LatAmOil: Ecopetrol Head Says Less Colom-
eting and fiscal transparency at the Army bian Oil Is Going To Asia
Resource Centre in Abuja, Oniha explained Colombia’s national oil company (NOC)
that Nigeria’s public debts were being driven Ecopetrol is sending a smaller share of its
upward by budget deficits. oil exports to Asia this year, as competition
for Asian market share has ramped up in
AsianOil: PNG Offers Japan Priority Access recent months, according to Felipe Bayon,
To New Gas Fields, LNG Projects the firm’s CEO.
Papua New Guinea (PNG) is offering Jap- Bayon told Reuters that Asia had
anese companies priority access to invest in absorbed about 60% of Ecopetrol’s exports
new gas fields and LNG projects as part of in 2021. This year, the figure is down to
ongoing trade talks between the two coun- 40-50% because of stiffer competition from
tries focused on energy security, PNG Prime sellers of Russian, Venezuelan, Mexican and
Minister James Marape has said on Septem- Canadian Heavy grades of crude, he said.
ber 27, according to Reuters.
Marape met with his Japanese counter- MEOG: First Deal Signed For Qatar’s North
part Fumio Kishida last week ahead of the Field South
funeral of former Japanese leader Shinzo France’s TotalEnergies was this week
Abe. named as state-owned QatarEnergy’s
first international partner for the upcom-
DMEA: Oil Begins Flowing To Iraq’s Karbala ing southern expansion project at its key
Refinery North Field gas asset.
Iraq’s Oil Ministry announced on Septem- North Field South (NFS) will comprise
ber 25 that the Karbala refinery had begun two LNG trains with a combined capacity of
receiving feedstock in preparation for 16mn tonnes per year, taking the tiny pen-
trial production. Oil is now flowing to the insular nation’s overall export capacity to
140,000 barrel per day (bpd) plant through 126mn tpy by 2027.
a pipeline that originates in southern Iraq,
in fields near Basra, the ministry noted in a NorthAmOil: TotalEnergies Unveils Plan To
statement. Spin Off Oil Sands Operations
France’s TotalEnergies has unveiled plans to
FSUOGM: Enel Wraps Up Russian Sale To spin off its oil sands operations in Canada
Lukoil, Local Fund into a new company, as those assets do not See the archive and
President Vladimir Putin has given Italian align with its energy transition goals. sign up to receive
energy utility Enel the green light to sell The spin-off would include TotalEner- *NRG Editor’s Picks*
a majority share in its Russian unit to oil gies’ 24.58% stake in Suncor Energy’s Fort for free by email each
major Lukoil and investment fund Gaz- Hills oil sands mining project in northern week here
prombank-Frezia, according to a presiden- Alberta, its 50% stake in ConocoPhillips’
tial decree issued on September 30. Surmont thermal project and midstream
The deal’s completion has been and trading-related activities.

Week 40 06•October•2022 www. NEWSBASE .com P17