Page 15 - EurOil Week 29 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global for gas flow to start in 2030.
(NRG), in which the reader is invited to join Moscow is scrambling to develop alter-
our team of international editors, who provide a native export routes for its substantial gas
snapshot of some of the key issues affecting their reserves, as Europe, its largest market,
regional beats. We hope you will like NRG's new pushes to eliminate Russian gas imports.
concise format, but by clicking on the headline While Russia has added cause to accelerate
link for each section the full text will be available talks on Power of Siberia 2, the country may
as before. also struggle with financing and implemen-
tation as a result of the economic malaise
AfrOil: DRC Raises Number Of Blocks In Li- caused by Western sanctions..
censing Round To 30
The Democratic Republic of Congo (DRC) GLNG: Bulgaria's Overgas Signs MoU For
has increased the number of blocks included US LNG
in an upcoming licensing round from 16 Bulgaria’s Overgas, part-owned by US-based
to 30, Minister of Hydrocarbons Didier Linden Energy, has signed a memorandum of
Budimbu announced on July 18. In a Twitter understanding (MoU) with US LNG ship oper-
post, Budimbu said his ministry would start ator on acquiring 1bn cubic metres per year of
accepting bids for 27 potentially oil-bearing natural gas from the latter’s planned regasifica-
blocks and three potentially gas-bearing tion terminal in Vlora in south Albania.
blocks in Lake Kivu on July 28-29. The deal paves the way for the two sides to
negotiate a 10-year sales and purchase agree-
AsianOil: CNOOC Launches Self-Developed ment (SPA) for the gas supply.
Christmas Tree System, Unveils Bidding
Round LatAmOil: South American Fuel Imports
China National Offshore Oil Corp. Rise As Asphalt Shipments Drop
(CNOOC) has launched its first self-devel- The volume of refined petroleum products
oped subsea Christmas tree system in the delivered to Brazil and Argentina has been
Bohai Sea, Chinese media have reported. climbing this month, as South American
The state-owned company said in a separate fuel traders seek to cover the seasonal rise
announcement that it was offering 13 off- in demand during the Southern Hemi-
shore oil and gas blocks up for bidding by sphere’s summer harvest season and inven-
foreign companies in 2022. tory build-up ahead of the heating season.

DMEA: Additions Awaited Amid Refining MEOG:Iran Signs $40bn Gazprom Deal
Shortfall In this week’s MEOG, Iran seals a major for-
Saudi Arabia’s Foreign Minister has called eign direct investment (FDI) deal from Rus-
for greater investment in the conversion of sia’s state gas giant.
oil into products, but said crude supplies are The National Iranian Oil Co. (NIOC) and
not in short supply. Russia’s Gazprom this week signed a memo-
"As of today, we don't see a lack of oil randum of understanding (MoU) covering
in the market. There is a lack of refining investment worth around $40bn.
capacity, which is also an issue, so we need
to invest more in refining capacity," Prince NorthAmOil: Halliburton Posts Improved
Faisal bin Farhan Al Saud said during a visit Results
to Tokyo. In this week’s NorthAmOil, we look at oil-
field services giant Halliburton’s Q2 results
FSUOGM: Power Of Siberia 2 Construction announcement. See the archive and
To Begin In 2024, Says Mongolia The company, unencumbered by a $344mn sign up to receive
Mongolian Prime Minister Oyun-Erdene write-down from the closure of its Russian assets, *NRG Editor’s Picks*
Luvsannamsrai has said he expects construc- posted a 41% increase in Q2 profit compared to the for free by email each
tion of the Power of Siberia 2 gas pipeline to first quarter, driven by higher demand for drilling week here
begin in the landlocked country in 2024, and on the back of buoyant oil prices.

Week 29 25•July•2022 www. NEWSBASE .com P15