News / International
Saudi ACWA Eyes South African Power Project
Saudi-based ACWA Power's CEO, Paddy Padmanathan, expects to win further business in South Africa this year as the power plant developer rides out concerns about the country's currency to tap into its need for more electricity.
Algeria’s President Replaces Energy Minister
Algeria's Energy Minister, Salah Khebri, has been replaced, after a year in office, by the Head of the state power company, Sonelgaz, Noureddine Boutarfa. Algeria's President, Abdelaziz Bouteflika, organized a surprise reshuffle reflecting on an economic crisis that hit the country due to the falling oil prices.
Venezuela’s Orinoco Oil Belt Increased Oil Production
The Venezuelan Minister of Petroleum and Mining, Eulogio del Pino, has declared that the daily production of crude oil from Orinoco Oil Belt has increased from 20,000 to 30,000 b/d, thus benefiting the whole region.
Riyadh Approves National Transformation Plan
Saudi Arabia’s National Transformation Plan (NTP), which outlines the key elements to shift the kingdom’s economy away from its dependence on oil, was approved by the Saudi cabinet.
Morocco, Portugal Study Electric Interconnection
Moroccan Energy Minister and Portuguese Economy Minister inked a ministerial declaration on carrying a study for an electric interconnection project.
BP Review: Oil Forms 32.9% of Global Energy Consumption
BP has released its 65th edition of the Statistical Review of World Energy revealing that in 2015 the global demand and supply of energy had advanced as the global consumption has slowed down and the mix of energy sources has been shifting towards lower-carbon fuels.
India Begins Settling Iran’s Oil Dues
Indian refiners have turned to Indian and German banks to speed payment of billions of Iranian oil dues they still owe to Tehran.
Shell Resumes Crude Oil Purchases From Iran
Shell resumed purchases of Iranian crude, becoming the second major oil firm to restart trade with Tehran after the sanctions were lifted.
