Page 19 - AfrOil Week 09 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global KazMunayGas (KMG) aims to start develop-
(NRG), in which the reader is invited to join our ment of the Kalamkas-Khazar oilfields in the
team of international editors, as they provide a Kazakh Caspian Sea in 2028, the Mangystau
snapshot of some of the key issues affecting their Region administration revealed in a statement.
regional beats. We hope you will like NRG’s new The project calls for the Kalamkas-Khazar
concise format, but by clicking on the headline deposits to begin crude oil production at the end
link for each section the full text will be available of 2028.
as before.
GLNG: Approval of new projects to
AsianOil: Canadian flip-flopping on LNG make US world’s largest LNG exporter
leaves Japan, Korea hanging The US is poised to take over the top spot as
At a recent webinar attended by ambassadors the world’s biggest exporter of LNG for years to
from both Japan and South Korea, in addition to come as three proposed export terminal projects
a number of high-ranking Canadian energy offi- inch closer to receiving financial approval. The
cials, Tokyo’s envoy to Ottawa Kanji Yamanouchi US is easily on track to surpass Australia, as it is
said: “If everything goes well, by the end of 2024, set to add more supply additions than any other
the first shipment of LNG will be will be sent to country out to 2030.
Japan.” He was referring to the LNG Canada pro-
ject, led by Shell (UK). LatAmOil: Guyana’s economy to grow
25% per year thanks to oil sector
DMEA: Luberef considers 50% dividend Guyana’s Finance Minister Ashni Singh stated
Saudi Aramco Base Oil Co. (Luberef) recorded on February 16 that his government expects
profits of SAR2bn ($530mn) after tax in 2022 national economic growth to average at least
prompting its board of directors to suggest a 25% over the next three to four years. This will
50% cash dividend or SAR5 ($1.33) per share make the South American country, which
corresponding to the second half of the year. In a became an oil producer in December 2019, one
statement accompanying its results, Luberef said of the world’s fastest-growing economies.
that its net income figure was achieved thanks
to revenues of SAR10.6bn ($2.8bn), up from MEOG: ADNOC to list 4% of gas unit
SAR8.8bn ($2.4bn) a year earlier. Abu Dhabi National Offshore Oil Co. (ADNOC)
announced that it will sell a 4% stake in its gas
EurOil: Bulgaria seeking to import division when it lists on the local stock exchange
regasified LNG via Turkey in March. Subscriptions for the ADNOC Gas
Bulgaria’s state gas company Bulgargaz has initial public offering are set to open in late
announced a tender for the supply of 500,000 February and the period will close on March
MWh equivalent of LNG via a Turkish terminal 2, ahead of listing on the Abu Dhabi Securities
for delivery in April 2023. This marks the first Exchange (ADX) on March 13.
cargo to be delivered to a Turkish LNG terminal
under the agreement signed by Bulgargaz and NorthAmOil: Equinor receives licence
Turkish gas transmission company BOTAS in for discovery off Newfoundland
January 2023. The Canada-Newfoundland and Labrador Off-
shore Petroleum Board (C-NLOPB) has issued
FSU OGM: Lukoil, KMG target launch of a licence to Equinor for the Cappahayden K-67
Caspian oilfields in 2028 discovery in the province’s waters. The board
The Kalamkas-Khazar Operating joint venture estimates that it holds about 385mn barrels of
established by Russia’s Lukoil and Kazakhstan’s recoverable oil. ™

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Week 09 02•March•2023 www. NEWSBASE .com P19