News / International
Tunisian Oil Firms Ramp up CSR Spending
Four Tunisian oil companies located in the Kebili region spent $1.3m for private initiatives boosting development through small projects.
Iran to Approve New Oil Contract Model
Iran introduces a new template for oil contracts in an attempt to attract $100b in foreign investments.
OPEC’s Crude Output Disrupted in July
Production of the Organization of Petroleum Exporting Countries' (OPEC) was disrupted in July by militant attacks in Nigeria and political unrest in Libya, according to Bloomberg.
China Cancels $6b Uranium Plant over Public Protests
China's plan to build a $6b uranium processing plant in the southern province of Guangdong was canceled after about a thousand people took to the streets demanding the project was scrapped over public health and environmental fears.
Saudi Arabia Drops Oil Prices for Asian Markets
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
Oil Traders, Libya’s NOC Uncertain over Crude Export
Oil traders who specialize in purchasing cargoes from Mediterranean ports have low confidence in the imminent resumption of shipments from two key Libyan terminals, even after a deal was struck in July to reopen the facilities.
Nigeria’s Oil Production Drops
Nigerian oil production has dropped to 1.4mb/d due to attacks by armed militant groups, the Nigerian Oil Minister, Ibe Kachikwu, declared.
Kuwait Plans to Raise Gasoline Prices
Kuwait plans to raise the prices of gasoline to 73% by September in light of the oil price decline affecting the energy-rich Gulf state’s finances.
