Brazil’s Petrobras likely to extend deadline in refineries sale

Brazil’s state-controlled oil company Petroleo Brasileiro may extend the deadline for potential bidders for a 60 percent stake in four refineries to sign non-disclosure agreements, a person with knowledge of the matter said. A ruling from Supreme Court Justice Ricardo Lewandowski this week requiring Congress to approve all sales programs of state-controlled companies threw up

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Petrofac wins $110m Iraqi contracts

Petrofac has secured a new award and a number of contract extensions, with a combined value of more than US$110 million, for construction management, engineering, commissioning and start-up services for international oil company clients in Iraq. Petrofac has been active in Iraq since 2010 and has developed a significant track record in delivering a range of

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NIGERIA: Marketers urge government to remove VAT on cooking gas

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged the Federal Government to remove Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) also called cooking gas. Its President, Nosa Ogieva-Okunbor, told reporters in Lagos that VAT payment on locally processed LPG makes it expensive and unattractive to imported LPG, which

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Iraq exported more than 100 mn oil barrels in April-ministry

Iraq exported more than 100 million barrels of oil during the month of April, the oil ministry said on Wednesday, noting that revenues exceeded USD6.5 billion. Ministry spokesman, Assem Jihad, quoting a final statistic by the state-run oil marketing company, SOMO, said exports stood at 100.197.197 barrels during the month of April, yielding revenues of

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Tullow Oil announces 2017 half year results

Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, which is also one of the leading companies on the exploration of Uganda’s oil sector, has today announced its results for the six months ended 30 June 2017. According to Paul Mcdade, the Chief Executive Officer, “Despite the continued challenging market conditions,

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Uganda and Tanzania oil deal sealed

Ugandan President Yoweri Museveni and his Tanzanian Counterpart, President John Pombe Magufuli finally over the weekend put pen to paper by signing the East African Crude Oil Pipeline Agreement (EACOP) a move that is expected to pave way for studies to explore the possibility of building a pipeline to the Tanzanian port of Tanga. The

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