News & resources
10.10.2008
General |
Vitol Joint Venture starts production in the Philippines
Vitol today confirmed that the Galoc Field located offshore Palawan Island in the Republic of Philippines has commenced production. Output is expected to average around 17,000 bpd for the rest of 2008, once production stabilizes following flow testing. Galoc’s estimated oil reserves are approximately 10 million barrels. Assessment of the […]
20.02.2008
General |
Nidogas Company Limited and Vitol agree to form a joint venture partnership to create the nation’s premier gas company…Navgas
Nidogas Company Limited, Nigeria’s premier liquefied petroleum gas (LPG) company, today announced an agreement with the Vitol Group, a large and widely diversified global commodity trading company headquartered in Switzerland. The agreement establishes a joint venture gas company, Navgas Ltd that will be engaged in the importation, bottling and retail […]