News / International
36 Oil Tanks Catch Fire in New Mexico, USA
A massive fire broke out at an oil field operated by WPX Energy, in San Juan County, New Mexico. The fire caused several explosions that led to the closing of the nearby highways and forced the local residents out of their homes.
African Union Urges to Team Up for Energy Infrastructure Projects
African Union's (AU) Commissioner for Infrastructure and Energy, Elham Ibrahim, suggested that African nations pursue joint infrastructure projects to fill the prevailing energy gap across the continent.
USA Becomes World’s Largest Oil Reserve
Recoverable oil reserves in the US has currently surpassed those in Saudi Arabia and Russia, making the US the world’s biggest country with oil reserves, according to an evaluation published by a Norway-based independent oil and gas data firm, Rystad Energy.
Nigeria Loses 40,000MW of Energy over Hampered Gas Investments
Hampered gas investments resulting from oil companies' recorded deficit have deprived Nigeria of 40,000 MW of electricity generated from natural gas reserves.
OPEC Cites Brexit Risk to Global Oil Demand
The Organization of Petroleum Exporting Countries (OPEC) has recently pointed to a pending crude supply deficit, instead of a surplus created by low oil prices, as it said that the oil markets are likely to generate high global demand for crude, with an estimated increase of 1.15mb/d, in 2017.
China’s Sinopec Closes 500 Gas Stations, Refineries over Flooding
The massive flooding in China, that is reported to be the country’s worst since 1998, has forced the largest oil company in Asia, Sinopec, to close 500 gas stations and shut down some refinery facilities in the southern and central regions of China.
Egypt Inks Agreement on 18 Projects Funded by China
The Egyptian and Chinese ministers of trade and industry, along with the ministers of investment, have signed an agreement to research and execute 18 Chinese-funded projects that aim to increase the productive capacity of both China and Egypt.
Tanzania Launches National Sustainable Energy Initiative
Tanzanian Ministry of Energy and Mining launched the Sustainable Energy For All (SE4ALL) action agenda and investment prospectus by 2030.
