News / International
Jordan to Get First Nuclear Plant
The Jordan Atomic Energy Commission's (JAEC) Chairman, Khaled Toukan, declared that the country's first nuclear power plant, worth $10b, will be operational by 2025, once the remaining $7b in financing is secured. Jordan is partnering with Russia to finance 30% of the project that will have two nuclear reactors, each with a capacity of 1,000 MW.
Saudi Arabia Opens IPOs to Foreign Investors
Saudi Arabia's Capital Market Authority (CMA) announced new rules permitting foreign investors to buy shares directly in initial public offerings (IPO). The new policy will take effect at the start of 2017.
MENA Oil, Gas Investments to Reach $900b
A new report by the Arab Petroleum Investments Corporation (APICORP) stated that the total committed and planned energy investments in the MENA region may reach $900b over the upcoming five years
Iraq to Review Oil Foreign Contracts
Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low.
Thailand’s PTTEP Sell Oman 44 to ARA Petroleum
Thailand's largest oil and gas explorer, PTT Exploration and Production Public Company Limited (PTTEP), will sell 100% stake of Oman 44 natural gas project to local firm ARA Petroleum LLC. The deal is expected to close in early fourth quarter of 2016.
Iran’s LPG Exports Reach 615,000 Tons
Iran’s Liquefied Petroleum Gas (LPG) year-to-date exports are about 615,000 tons, a with over 40m liters/d of mazut shipped to overseas markets.
Uganda Selects Nigerian, Australian Firms for Exploration Rights
Uganda's Ministry of Energy and Mineral Development said that his country has chosen Nigerian firms WalterSmithPetroman Oil Limited, Oranto Petroleum International, and Niger Delta Petroleum Resources, together with Australia’s Armour Energy Limited to join negotiation on Uganda's production sharing agreements for oil exploration licenses covering a total of 3,000 square km.
Energean Buys Israeli Gas Fields for $148.5m
Greece’s Energean Oil & Gas signed a $148.5m deal to purchase Israel’s natural gas fields Karish and Tanin. They jointly contain about 58.7bcm of gas and 14.3m barrels of condensate.
