News / International
China Eying Oil, Gas Investments in Sudan
The Sudanese Minister of Oil and Gas, Dr. Mohamed Zayid Awad, has stated that Chinese companies are willing to invest in Sudan's oil and gas industry, with reference that China already holds 75% of foreign oil investments in the country.
Saudi Maintains Near-Record Crude Output
Saudi Arabia keeps pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that both its drilling and IPO plans remain unchanged.
Kurdistan Oil Revenues Decline in July
Kurdistan’s oil revenue fell nearly 20% in July to less than $400m, as export loadings slipped and oil traders slashed their monthly prepayments to the Kurdistan Regional Government.
US Oil Producer Pioneer Posts $268m Net Loss in Q2
US oil producer Pioneer Natural Resources Co. posted a second-quarter net loss of $268m, wider than $218m a year ago.
Indonesia to Sign Oil MoU with Iran
Indonesia's state-owned energy company Pertamina will sign a memorandum of understanding with the National Iranian Oil Company (NIOC) in August that will allow Pertamina to evaluate and assess up to four Iranian oil blocks.
Kuwait Approves Petrol Price Hike
Kuwait has approved an increase in prices of gasoline sold locally by 42% to 83% depending on the grade in an attempt to align local rates with GCC averages.
Tunisian Oil Firms Ramp up CSR Spending
Four Tunisian oil companies located in the Kebili region spent $1.3m for private initiatives boosting development through small projects.
Iran to Approve New Oil Contract Model
Iran introduces a new template for oil contracts in an attempt to attract $100b in foreign investments.
