News / International
Shell Sold Its Shares in Vivo Energy
Royal Dutch Shell PLC has signed a $250m agreement with Vitol Africa B.V. for the sale of it 20% stake in Vivo Energy, which supplies fuels and lubricants to marine markets.
Penspen, Crestech Signed Agreement in Nigeria
Penspen signed a strategic alliance agreement with Crestech Engineering to provide engineering, project management and asset integrity services and operation and maintenance services for oil, gas and energy assets in Nigeria.
Kuwait Energy, Vitol Signed Financing Deal
Kuwait Energy signed a forward sale agreement with Vitol providing it with a financing facility for up to $100m.
Foreign Group Gave $3b to Embattled Samir Refinery
The court-appointed manager of Morocco's only oil refiner, Samir, has received a $3b offer for the business from a foreign conglomerate.
Iran to Increase Gas Exports to Armenia
Iran will increase exports of natural gas to Armenia and deepen broader economic ties between the two countries.
Sonatrach to Grow Output by 20%
Algerian state energy producer Sonatrach plans to increase output of natural gas and crude oil by 20% in four years until 2020 as new projects start up.
Sadara to Halt Mixed-Feed Cracker in Jubail
Saudi Arabia's Sadara Basic Services, which is fully owned by Sadara Chemical Co, said it would start late December planned maintenance of a mixed-feed cracker at its parent company's petrochemical complex in Jubail.
S. Africa Connected Coal-Fired Plant to the Grid
South Africa's power utility Eskom said the first unit of its Kusile coal-fired power plant has been connected to the grid.
