Page 1 - DMEA Week 02 2021
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Issue 472 14•January•2021 Week 02
Another year, no law
Industry observers are keen to see the Petroleum Industry Bil passed soon –
and are also coming forward with criticism of the bill now under discussion.
Saudi sacrifice
Saudi Arabia has voluntarily offered to remove 1mn bpd of oil supply from the
market in February and March.
Egyptian gas drive
Egypt has launched a loan scheme to encourage motorists to convert their vehicles
to run on natural gas.
Nigeria seeks refining funds
Nigeria is in talks with traders on a $1bn prepayment deal to fund the
rehabilitation of its largest oil refinery.
