Amid countrywide worsening power outages coupled with cash starvation like situation at the government’s end, hours long loadshedding to continue in near future as Pakistan State Oil (PSO) has so far not received the required money to import furnace oil for power generation companies. Since the government has so far not given the required amount of Rs74 billion to state-owned oil giant PSO to arrange furnace oil for the months of April and May and even it has no cash plan at hand to pay money to the PSO against supplies of oil for power plants, so it seems that scheduled and unschedu

Nijat Mustafayev; In March, 2013, State Oil Company of Azerbaijan’s Marketing and Economic Operations Department exported 2,364,226 tonnes of crude oil to world market, down 5% compared to last year.Of it, 1,414,759 tonnes fell to share of SOFAZ.In January-March, 6,993,789 tonnes were exported to world market from Ceyhan port. In general, since the launch of BTC, 210,660,443 tonnes of crude oil was exported from Ceyhan port as of April, 2013.

South Sudan has restarted oil production after agreeing with Sudan to resume cross-border oil flows last month, an executive at the state oil company said today. After months of negotiations both African countries agreed earlier this month to resume cross-border oil flows after tensions between them eased. Landlocked South Sudan, which shut down its entire output of 350,000 barrels a day in a row with Khartoum over oil fees last year, needs to export its oil through Sudanese pipelines and the port of Port Sudan. Sudan and South Sudan agreed for the South to resume oil pro

By Tife Owolabi YENAGOA, Nigeria (Reuters) - Nigerian militants have ambushed a police boat in the oil-producing Niger Delta region, leaving 12 officers missing and presumed dead, security officials said on Sunday. The ambush came days after the Movement for the Emancipation of the Niger Delta (MEND), the main delta militant group prior to a 2009 amnesty, threatened to restart attacks in retaliation for the jailing of leader Henry Okah by a South African court.