News / International

Israel Downplays Leviathan Field Reserves

Israel approved developing the leviathan gas field which will be second source of gas supply to the government and will turn it into a gas exporter.

Nigeria Oil Militants Reject Talks With Government

The Niger Delta Avengers which has claimed attacks on oil facilities that have slashed Nigeria’s output said it’s not in talks with the government, a day after the authorities said they were preparing for dialogue.

Gazprom to Invest $1.5b in Kyrgyz Pipelines

Russia's Gazprom, one of Europe’s largest energy companies, will invest $1.5b in Kyrgyzstan’s gas transport system before 2030, with a third of the funds to be invested in the next two year.

Chinese Companies to Build Hydro Plant In Congo

Chinese companies Sinohydro Corp. and China Railway Group Ltd. have agreed to finance a 240MW, $660 million hydro-power plant in Democratic Republic of Congo’s Katanga province that will meet the mining project’s electricity requirements.

Russia May Open Rosneft Privatisation to Investors, Market

Russia may apply a "combined" method to the privatisation of more than 19% in its top oil producer Rosneft by selling stakes both to strategic investors and on the stock market, Economy Minister, Alexei Ulyukayev, said.

Nigeria Examines Chevron Gas Project ‘Astronomical’ Cost

A Nigerian Senate committee asked Chevron to explain why a gas-to-liquids Joint Venture (JV) with the state-run oil company cost three times more to complete than initially estimated.

Firms Seek to Construct Petroleum Equipments in Iran

Several foreign companies have showed interest in cooperating with Iran to construct technical petroleum equipment crucially needed for the oil industry.

Dutch Intecsea Offers Services for Iran-Oman Subsea Pipeline

The Dutch offshore engineering company Intecsea, a leader in offshore engineering, has expressed its interest in the construction of a subsea pipeline for supplying Iran’s natural gas to Oman.

Iran Accuses OPEC Members of Dumping Oil Prices

Iran's Oil Minister, Bijan Zanganeh, accused the regional neighbors and OPEC friends of trying to take away its customers by offering cheaper oil.

Royal Dutch Shell Plans to Limit Spending

Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company investment, ahead of Exxon Mobil.

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