Page 19 - AfrOil Week 26 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global major Lukoil shareholder estimated by Forbes
(NRG), in which the reader is invited to join our to have an $8.2bn fortune, was a former Russian
team of international editors, as they provide a military officer who went into the oil business
snapshot of some of the key issues affecting their after the breakup of the Soviet Union. He helped
regional beats. We hope you will like NRG’s new privatise Lukoil in the 1990s.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Germany considers expropriating
as before. Nord Stream 2
Germany is considering repurposing parts of
AsianOil: PetroChina reportedly weighing Russia’s unused Nord Stream 2 gas pipeline for
exit from Australia, Canada importing LNG, Der Spiegel magazine reported
State-owned PetroChina is reported to be con- on June 27. The government in Berlin suspended
sidering exiting its investments in Australia and the certification process necessary for Nord
Canada in a bid to divert funds to more profitable Stream 2 to begin operating days before Moscow
opportunities elsewhere. This follows a similar began its invasion of Ukraine.
shift in focus for another Chinese state-owned
company, CNOOC Ltd, which was said in April LatAmOil: Petrobras to receive first cargo
to be preparing to exit the US, UK and Canada. of Guyanese oil
Brazil’s national oil company (NOC) Petrobras is
DMEA: Nigeria blames refineries for fuel due to take delivery of its first cargo of Guyanese
issues light sweet crude for domestic refining before the
Mele Kyari, the managing director of the Nige- end of this week. In a statement sent to Reuters,
rian National Petroleum Co. Ltd (NNPC Ltd) the company confirmed that its first 1mn-bar-
told the country’s House of Representatives that rel load of Guyanese oil had departed from the
issues with fuel prices and availability should be Liza-1 offshore field in mid-June.
blamed on state refineries being out of operation.
Meanwhile, the company has now paid the initial MEOG: Calls for more Gulf oil output
$1bn instalment of its $2.76bn investment in the French officials this week called for oil-produc-
650,000 bpd Dangote Refinery. ing countries to increase output, while suggest-
ing that exports from Iran and Venezuela should
EurOil: UK looks at allowing lower-calorific be allowed to return to the market. Meanwhile,
gas into system Baker Hughes, Halliburton and Schlumberger
The UK is looking to ease rules on the quality of have informed Iraq’s Ministry of Oil that they
natural gas in a bid to incentivise the develop- will heed Baghdad’s warning not to engage fur-
ment of extra North Sea supply, the Telegraph ther with the Kurdistan region’s energy sector.
reported. The proposal would allow lower-calo-
rific gas to be pumped into the UK’s pipeline sys- NorthAmOil: Resource boost and refinery
tem, meaning it can maximise resource recovery. confusion
Canada’s offshore Hibernia oilfield could hold
FSU OGM: Fedun leaves Lukoil, following nearly 346mn barrels more than previously
Alekperov’s lead thought, according to a new resource estimate by
The long-serving vice president of Russia’s big- the local regulator. Meanwhile, amid confusion
gest private oil producer Lukoil has stepped and accusations of impropriety in a recent auc-
down from the position, the company reported tion of the Limetree Bay Refinery on the island
on June 27, citing his reaching retirement age of St. Croix, a group of known investors said it
and family circumstances. Leonid Fedun, a remained keen to assume ownership. ™

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Week 26 29•June•2022 www. NEWSBASE .com P19