Equinor announced a gas discovery at Gullfaks South on 8 October, with recoverable volumes estimated at 0.5–1.6 million standard cubic metres of oil equivalent, or 3.3–10.3 million barrels of oil equivalent.
Source: Equinor — Gas discovery at the Gullfaks field in the North Sea
The Bank of Russia said asset-backed securities offerings reached a record 479 billion rubles in September, while stock purchases fell to their lowest level since January.
The three countries’ petroleum ministers discussed East Mediterranean resource development and infrastructure for access to European markets at an EMGF high-level roundtable. Egypt’s ministry highlighted the countries’ complementary roles.
Source: Egyptian Ministry of Petroleum and Mineral Resources
Iraq’s Planning Ministry and the World Bank discussed preparation of a five-year country partnership strategy. The notice confirms a consultation, not a finalized strategy, project financing or timetable.
At its 7 October meeting, the cabinet approved the 2025 settlement and 2027 budget draft for Parliament. The draft provides CFAF 3,120.8 billion in resources and CFAF 2,638.4 billion in expenditure. The same meeting approved technical changes to petroleum permits.
Source: Council of Ministers, Republic of the Congo; reported by Agence Congolaise d’Information (ACI)
Industry participants met in Brazzaville on 7–9 October to set fiscal reference prices for national crude marketed in the third quarter of 2026. No final price was announced. Trident OGX production figures were company statements and targets.
Petroleum Minister Karim Badawi reviewed plans with EGPC’s executive board to raise output, secure domestic supplies and improve operating efficiency. The ministry’s 6 October notice gives no new production target or contract.
Source: Egyptian Ministry of Petroleum and Mineral Resources
An NIOPDC executive said CNG use rose about 12% during the gasoline-pricing programme period, while gasoline consumption fell around 3% against the comparable period a year earlier.
Source: Shana News Agency, citing the National Iranian Oil Products Distribution Company (NIOPDC)
The company says a discount launched on 1 October will run at NNPC Retail outlets through 31 October; it does not set a national pump price or restore a subsidy.
Source: Nigerian National Petroleum Company Limited (NNPC)
A three-year plan signed in Brazzaville covers energy, agriculture, health, transport, industry, digital development and higher education. ACI reported that the 2026–27 scholarship quota remains 250 places, while ratification of an investment-protection agreement is still a future step.
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