News / International
Sonatrach, Eni Signed Solar Plant Deal
The Algerian state energy company Sonatrach has signed a deal with Italian firm ENI for a solar power plant, the 10MW photovoltaic facility will be launched before the end of 2016 in Ouargla in southern Algeria.
Solo Oil to Drill New Well in Tanzania
UK’s Solo Oil has signed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin, in Tanzania.
Sound Enegery, PetroMaroc Reassessed Sidi Moktar Deal
Sound Energy and PetroMaroc Corporation are reassessing their agreement regarding Sound Energy’s acquisition of 50% operated interest in three onshore gas permits located in Morocco for the Sidi Moktar licenses.
DME Listed New Middle East Oil Contracts
The Dubai Mercantile Exchange (DME) announced two new fuel oil contracts to hedge the price differentials between Middle East fuel oil and Singapore fuel oil.
Abu Dhabi to Build 350MW Solar Power Facility
Abu Dhabi has received six bids to build a 350MW solar power plant in Sweihan , east of Abu Dhabi in the United Arab Emirates (UAE). The proposed plant will generate 7% of its power from green methods by 2020.
Iran to Export 6m Barrels of Crude to India
India is turning to Iran for 6m barrels of crude oil as it seeks to build up its strategic reserves, after talks with United Arab Emirates (UAE) stalled.
Petrofac to Exit Tunisia Amid Disrupted Gas Production
UK gas company Petrofac is threatening to leave Tunisia and end its investment if protests over jobs that have disrupted gas production for nine months are not stopped immediately.
Algeria to Keep Power, Gas Prices Stable
Algeria will not increase the price of electricity and gas during the reminder of 2016.
