News / International
Malaysia’s SapuraKencana Wins Pipeline Deal in Mexico
Malaysia’s largest oil and gas company by market capitalization, SapuraKencana Petroleum, has won a $113m contract to place a new pipeline in Mexico.
Putin to Boost Oil Output via Arctic Gate Terminal
Russian President, Vladimir Putin, has ceremoniously opened the Arctic Gate marine oil terminal on the Yamal Peninsula, which is to provide access for Russia's Arctic-sourced crude to both European and Asian markets.
Iran Inks Solar Deals with Italian, Swiss Firms
A contract worth almost $44m has been inked with Italian and Swiss investors for building Iran’s biggest solar power plant in North Khorasan province.
Saudi Tasnee Records $27.7m Profit in Q2
Saudi Arabia's National Industrialization Co (Tasnee) said it hit a net profit in Q2 as opposed to analysts' forecasts, bringing a run of five straight losses to an end.
Petrobras to Re-Open its Rio de Janeiro Refinery
The board of Brazil’s Petrobras has voted to restart limited work at its idled refinery in Rio de Janeiro, but decided to cancel the proposed second processing train and lubricants plant at the complex.
Iran to Export 25mcm/d of Gas to Iraq
Director of the International Affairs Department at National Iranian Gas Company (NIGC) said that an Iraqi delegation will be present in Iran in early August to discuss a natural gas export project.
China’s Crude Oil Output Slips in First Half of 2016
According to the National Development and Reform Commission (NDRC), China’s crude oil output dropped by 4.8% year-on-year –to 100.45m tons in H1 of 2016.
India to Evaluate Gigantic Merger of 13 Oil Companies
India’s government has begun the process of evaluating the prospects of an ambitious plan that aims to merge 13 state oil firms to create a giant corporation that is expected to have a bigger market value than Russia’s state oil giant Rosneft and India’s Reliance Industries Ltd.
