News / International
Iran to Launch First Tender to Attract $12b Green Investment
Iran is planning its first tender for utility-scale renewable-energy projects by year end as it begins a green power build out that could draw $12b of investment by the time it is complete.
Saudi Bahri, APICORP Agree to Launch $1.5b Investment Fund
National Shipping Company of Saudi Arabia (Bahri) said it signed an agreement with the Arab Petroleum Investments Corporation (APICORP) to establish an investment fund worth around $1.5b.
Algeria’s Forex Expected to Drop to $116b by end 2016
Low crude prices have hit Algeria’s foreign exchange reserves forcing the government to make further cuts in spending.
EIA: Global Oil Glut Persists Despite Demand Growth
The Energy Information Administration (EIA) said that the oil market is maintaining a global crude glut despite global demand growth, a drop in non-OPEC production, and a decline in crude stockpiles.
Nigeria: ExxonMobil Announces Force Majeure on Oil Exports
ExxonMobil subsidiary Mobil Producing Nigeria has announced a force majeure on exports of the country's largest export stream, Qua Iboe crude oil.
Turkey: Oil Tankers Pass through Bosporus Unhindered
Turkish maritime has re-opened Bosporus strait to transit tanker and allow oil flow, after a coup attempt against Turkey's President, Recep Tayyip Erdogan, failed.
Nigeria: Oil Workers Call Off Strike Action
Nigerian workers have suspended their industrial strike following several hours of talks with government officials.
Iran, Russia Sign Agreement for Energy Cooperation
National Iranian Oil Company (NIOC) and state-owned Russian oil refinery have inked a non-disclosure agreement whereby the Russian side will conduct studies on two Iranian oil fields.
