Page 19 - AfrOil Week 18 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global metres of natural gas to Italy, he stated at a con-
(NRG), in which the reader is invited to join our ference in Baku.
team of international editors, as they provide a
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Gunvor secures long-term deal
concise format, but by clicking on the headline with Energy Transfer for US LNG
link for each section the full text will be available Swiss-based commodity trader Gunvor is to buy
as before. 2mn tonnes per year of LNG from Energy Trans-
fer’s proposed Lake Charles LNG export termi-
AsianOil: India reportedly discussing oil nal. Gunvor agreed to a 20-year FOB deal as
import deal with Russia European buyers look to tie in long-term supply
India is reportedly engaged in high-level talks deals for US LNG supplies at below the current
with Russia over a six-month deal to import oil. high spot prices.
This comes amid a rise in the South Asian coun-
try’s purchases of Russian crude in the wake of
the war in Ukraine. LatAmOil: Olmeca refinery may cost as
much as $14bn
The final price tag for the 340,000 barrel per
DMEA: Ghana offers optimism on Tema day refinery that Mexico’s national oil com-
This week, DMEA looks at the voicing of opti- pany Pemex is building in Tabasco State may
mism about the rehabilitation of Ghana’s only oil be nearly twice the original figure of $8bn. The
refinery. Ghanaian President Nana Akufo-Addo news agency reported late last week, citing gov-
provided an update on efforts to repair and rein- ernment documents and sources close to the
state capacity at the country’s 45,000 barrel per project, that Mexico City now believed that the
day (bpd) Tema refinery. NOC would have to spend around $14bn on the
Olmeca refinery, formerly known as Dos Bocas.
EurOil: BP attributes record quarterly loss
to Russia exit MEOG: Iran looks for alternatives
UK-listed super-major BP has posted a record As the chances of resuscitating the Joint Com-
loss of $20.4bn for the first quarter of 2022. The prehensive Plan of Action (JCPOA) appear to
company also reported its strongest operational grow slimmer by the day, Tehran is courting
performance in more than a decade on the back alternative political ties as a means to bring eco-
of strong commodity prices, but this was wiped nomic opportunity. Meanwhile, Iraqi Prime
out by a $24.4bn write-down in the quarter, Minister Mustafa al-Kadhimi has said that Teh-
largely related to BP’s decision to exit its invest- ran and Riyadh are working towards a mutual
ments in Russia. understanding on improving bilateral relations.

FSU OGM: Aliyev says TAP pipeline will NorthAmOil: ExxonMobil, Chevron post
reach full capacity in 2022 first-quarter profits
Ilham Aliyev, President of Azerbaijan, said on US super-majors ExxonMobil and Chevron have
April 29 that the Trans Adriatic Pipeline (TAP) posted multi-billion-dollar profits for the first
was on track to reach its full capacity of 10bn quarter of 2022, during which WTI crude prices
cubic metres per year in 2022, up from 8.2 bcm averaged $95 per barrel and briefly rose above
in 2021. The system will deliver 10bn cubic $120 per barrel. ™

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Week 18 04•May•2022 www. NEWSBASE .com P19