Page 18 - EurOil Week 40 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global pay tax on $40mn of income. He was given
(NRG), in which the reader is invited to join bail and was released with GPS monitoring
our team of international editors, who provide a and house arrest, while also having to surren-
snapshot of some of the key issues affecting their der his passports.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: QP Strengthens Asian Ties With Pair
link for each section the full text will be available Of Chinese Deals
as before. State-owned Qatar Petroleum (QP) has signed
a pair of deals with Chinese companies in the
AfrOil: EACOP Reportedly Close To Signing last two weeks that highlight the role of Asian
Pipe Supply Deals players in Doha’s expansion plans.
The consortium set up to build and operate Last week, QP signed a 15-year sale and
the East Africa Crude Oil Pipeline (EACOP) is purchase agreement (SPA) to supply 3.5mn
reportedly close to finalising arrangements with tonnes per year (tpy) of LNG to a subsidiary of
future suppliers of steel pipe. China National Offshore Oil Corp. (CNOOC).
According to Martin Tiffen, the general The deal was signed with CNOOC Gas and
manager of the consortium, TotalEnergies Power Trading & Marketing for delivery of
(France) and the other investors in EACOP are cargoes beginning in January 2022.
still waiting to sign the main supply agreements
for the pipeline, which will carry crude from LatAmOil: Colombia’s Hydrogen Ambitions
western Uganda to Tanzania’s Indian Ocean Colombia’s government has finalised and
coast. Tiffen said, though, that the group had published a long-term plan for the estab-
“identified four key contractors who are work- lishment of a domestic hydrogen industry.
ing under conditional award.” The plan, known as the Hydrogen Roadmap,
outlines the steps the South American coun-
AsianOil: India Raises Gas Prices try will take to promote the production and
The Indian government has increased nat- consumption of blue and green hydrogen as
ural gas prices for the majority of the coun- an energy source over the next 30 years.
try’s production by 62% for the next six
months. MEOG: Iraqi Exports And Qatari Deals
The Ministry for Petroleum and Natural This week’s MEOG covers the latest updates
Gas’ Petroleum Planning and Analysis Cell on Iraqi efforts to improve its export capabil-
(PPAC) announced on September 30 that ities and another Chinese deal for QP.
rates for New Exploration Licensing Policy The governments of Iraq and Turkey are
(NELP) and pre-NELP blocks for the six working to reopen the 970-km pipeline that
months from October 1 would climb from transports Iraqi crude from Kirkuk to export
$1.79 per mmBtu ($49.51 per 1,000 cubic facilities in Ceyhan on the Turkish Mediter-
metres) to $2.9 per mmBtu ($80.21 per 1,000 ranean coast. Iraqi Oil Minister Ihsan Abdul
cubic metres) Jabbar met with the Turkish ambassador to
Baghdad Ali Riza Guney to discuss plans “to
DMEA: Iraqi And Nigerian Refining Updates rehabilitate the strategic pipeline to transfer
This week’s DMEA covers updates on major crude oil” from the Gulf to Europe.
refinery work in Iraq and Nigeria.
The South Korean consortium, led by NorthAmOil: Ottawa Invokes 1977 Treaty
Hyundai Engineering & Construction, that Amid Line 5 Dispute
is developing Iraq’s Karbala refinery pro- The Canadian government invoked Article
vided an update on the project which is near- Six of the 1977 Transit Pipelines Treaty on
ing completion. October 4 amid a dispute over Enbridge’s See the archive and
Line 5 pipeline with the State of Michigan. sign up to receive
FSUOGM: Prosecutors Push For Delay In The move kicks off a dispute resolution *NRG Editor’s Picks*
Gyetvay Case process contained in the treaty, paving the for free by email each
US prosecutors are pushing for a delay in a tax way for direct talks with the administra- week here
fraud case involving the deputy chairman of tion of US President Joe Biden over the
Russian gas producer Novatek, Mark Gyetvay, pipeline. This comes after Michigan Gov-
arguing that they need more time to gather ernor Gretchen Whitmer has made sev-
evidence. eral attempts to shut down Line 5, which
Florida businessman Gyetvay was arrested carries 540,000 barrels per day (bpd) of oil
in the US on September 24 on charges of hid- from Alberta to refineries in Ontario via
ing $93mn in offshore accounts and failing to Michigan.

P18 www. NEWSBASE .com Week 40 07•October•2021