Page 10 - AsianOil Week 41 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global complicated by a previous decree issued
(NRG), in which the reader is invited to join in August, which prohibits foreign firms
our team of international editors, who provide a from closing the sale of their assets with-
snapshot of some of the key issues affecting their out Putin’s direct approval.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: RWE Signs Documents With AD-
link for each section the full text will be available NOC On LNG Supplies
as before. Germany’s RWE revealed on September
25 that it had signed documents with Abu
AfrOil: Gasoline Subsidies Called Main Driv- Dhabi National Oil Co. (ADNOC) of the
er Of Nigerian Public Debt UAE on LNG supplies.
Patience Oniha, the director-general of In a statement, RWE explained that one
Nigeria’s Debt Management Office (DMO), of the documents was an agreement under
said on September 27 that domestic gaso- which ADNOC would make its first com-
line subsidies were the primary cause of the mercial delivery of LNG to Germany.
ongoing rise in public debt.
Speaking during a presentation on budg- LatAmOil: Ecopetrol Head Says Less Colom-
eting and fiscal transparency at the Army bian Oil Is Going To Asia
Resource Centre in Abuja, Oniha explained Colombia’s national oil company (NOC)
that Nigeria’s public debts were being driven Ecopetrol is sending a smaller share of its
upward by budget deficits. oil exports to Asia this year, as competition
for Asian market share has ramped up in
DMEA: Oil Begins Flowing To Iraq’s Karbala recent months, according to Felipe Bayon,
Refinery the firm’s CEO.
Iraq’s Oil Ministry announced on Septem- Bayon told Reuters that Asia had
ber 25 that the Karbala refinery had begun absorbed about 60% of Ecopetrol’s exports
receiving feedstock in preparation for in 2021. This year, the figure is down to
trial production. Oil is now flowing to the 40-50% because of stiffer competition from
140,000 barrel per day (bpd) plant through sellers of Russian, Venezuelan, Mexican and
a pipeline that originates in southern Iraq, Canadian Heavy grades of crude, he said.
in fields near Basra, the ministry noted in a
statement. MEOG: First Deal Signed For Qatar’s North
Field South
EurOil: Norway To Patrol Seas Near Oil, Gas France’s TotalEnergies was this week
Assets named as state-owned QatarEnergy’s
Norway plans to co-ordinate patrols of seas first international partner for the upcom-
around its oil and gas platforms with the UK, ing southern expansion project at its key
Germany and France, following suspected North Field gas asset.
sabotage at the Nord Stream 1 and 2 pipe- North Field South (NFS) will comprise
lines last week, the country’s prime minister two LNG trains with a combined capacity of
said on September 30. 16mn tonnes per year, taking the tiny pen-
Nord Stream 1 and 2, which run from insular nation’s overall export capacity to
Russia to north Germany, sustained four 126mn tpy by 2027.
leaks on September 26, with Moscow and
various European governments concluding NorthAmOil: TotalEnergies Unveils Plan To
that sabotage was likely the cause. Spin Off Oil Sands Operations
France’s TotalEnergies has unveiled plans to
FSUOGM: Enel Wraps Up Russian Sale To spin off its oil sands operations in Canada
Lukoil, Local Fund into a new company, as those assets do not See the archive and
President Vladimir Putin has given Italian align with its energy transition goals. sign up to receive
energy utility Enel the green light to sell The spin-off would include TotalEner- *NRG Editor’s Picks*
a majority share in its Russian unit to oil gies’ 24.58% stake in Suncor Energy’s Fort for free by email each
major Lukoil and investment fund Gaz- Hills oil sands mining project in northern week here
prombank-Frezia, according to a presiden- Alberta, its 50% stake in ConocoPhillips’
tial decree issued on September 30. Surmont thermal project and midstream
The deal’s completion has been and trading-related activities.

P10 www. NEWSBASE .com Week 41 18•October•2022