News / International

Saudi PetroRabigh Q2 Profit Slumps 79%

Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) witnessed a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins.

Chinese Sinopec to Develop Iran’s Yadavaran Oil Field

Iranian Executive Director of Yadavaran Oilfield development project, Hadi Nazarpour, announced that the Chinese Sinopec Group is to undertake Phase II development of the field.

Iran to Retain Gas Export Volume to Europe by 2021

Iranian oil official said that the five-year economic development plan will help Iran retain its potential to export 30bcm/year of gas to Europe.

Nigeria: Militant Group MEND Confirms Talks over Oil Attacks

Nigerian militant group, the Movement for the Emancipation of the Niger Delta (MEND), said it was in back-channel talks with the government to end renewed violence on the oil and gas facilities in the oil-producing south.

Italy’s Enel to Exit Egypt’s Renewable Energy Market

Italy’s Enel Green Power has decided to withdraw its investments from the renewable energy market in Egypt and seek the compensations for the investments that were already injected in the sector.

Europe Receives Second LNG Cargo from USA

A cargo of liquefied natural gas (LNG) from the US has arrived at Spain’s Murgados LNG import terminal, making it only the second cargo to reach the European market since US LNG exports began at the end of February 2016.

Eight Energy Firms Apply for Offshore Gas Drilling Rights in Cyprus

Eight energy companies have submitted six applications for winning exploratory drilling rights in blocks six, eight, and ten in Cyprus’ Exclusive Economic Zone (EEZ).

Tanzania: Mobisol Installs 50,000 Solar Systems

Tanzanian Mobisol has installed 50,000 solar systems for rural homes and businesses, enabling it connect over 250,000 beneficiaries to off-grid energy.

Algeria’s Tiguentourine Gas Plant to Come Back Online

Algeria's Tiguentourine gas plant, located 1,600km south east of the capital city Algiers, will be put back in service, according to Director General of the gas complex.

Iran, South Korea Ink $2b Oil Deal

Iranian Isfahan oil refinery has inked a memorandum of understanding (MoU) with South Korean Daelim company to enhance production procedures and optimize the facility.

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