1. Gazprom will restart the transmission of natural gas from Beixi No.1 pipeline to Europe
Gazprom will restart the Beixi gas pipeline on Thursday, but its gas transmission to Europe will decline. It is reported that the Beixi pipeline will resume operation on Thursday after the maintenance work, but the gas transmission volume is lower than the normal level. Before construction, the flow of natural gas to Europe through Russia, the largest gas pipeline to Europe, was limited to 40% of the transmission capacity.
2. Libya El feel oil field resumes production
The Libyan national oil company (NOC) confirmed on Monday that the country’s El feel oilfield has resumed production, with an initial output level of 12000 barrels per day. It is expected to achieve a full capacity of 70000 barrels per day in the next 14 days. In addition, Sharara oilfield resumed production last Saturday.
3. Nigeria’s state-owned energy company began operations as a fully commercial entity
Nigerian President Muhammadu Buhari said on Tuesday that the Nigerian state-owned energy company will now operate as a commercial entity, independent of government funds and direct control.
Buhari said at the unveiling ceremony of the company’s new direction in Abuja, the capital, that the establishment of the Nigerian national oil company was “a milestone in the Nigerian oil industry”. Although it is still wholly owned by the state, the transformed NNPC is a limited liability company, which aims to operate independently of the government and does not need to obtain public funds. Nigeria is currently the largest oil producer and exporter in Africa.
4. Valalco energy will acquire transglobe with a US $307million share exchange portfolio
Valalco energy (egy) and transglobe (TGA) announced that the two companies have signed a final arrangement agreement, according to which vaalco will acquire all issued common shares of transglobe in a $307million share for share strategic business merger transaction.
5. Turkey made the first sunset review of anti-dumping on seamless steel pipes to China
On July 9, 2022, the Ministry of trade of Turkey issued announcement No. 2022/19, on the seamless steel pipe (Turkish: demir (D ö KME demir Hari ç) ve ç elikten diki originating in China ş Siz ç ekme boular) made the affirmative final determination of the first sunset review of anti-dumping and decided to continue to impose anti-dumping duties on Chinese producers / exporters, which will take effect from the date of the announcement and will be valid for 5 years. This case involves Turkish tax numbers 7304.19.10.00.11, 7304.19.10.00.12, 7304.31.20.10.00, 7304.31.20.90.00, 7304.31.80.10.00, 7304.31.80.00, 7304.39.82.10.00, 7304.39.82.90.00, 7304.51.10.00, 7304.51.81.10.00, 7304.51.81.90.00, 7304.51.89.10.00, 7304.51.89.90.00, 7304.51.89.90.Products under 7304.59.30.00.00, 7304.59.82.90.00, 7304.90.00.10.00 and 7304.90.00.90.00, but excluding cast iron steel pipes. (source: website of the Ministry of Commerce).
Post time: Jul-27-2022