News / International
Annual Revenue of Iran’s Petchem Output to Increase by $5.1b
Iran is to commence several petrochemical projects with $5.4b worth of investment by March 21st, 2017 and the annual value of the country's petrochemical products would increase by $5.1b.
Iran, Greece to Consider Energy Cooperation Projects
Greek Environment and Energy Minister, Panos Skourletis, and Iran’s Deputy Foreign Minister for Europe and America, Majid Takht-Ravanchi, have agreed upon expanding the energy cooperation between the two nations, noting the great potential in this area.
Nigeria Records $518m Lost in Oil Revenues in 2013
Nigerian National Petroleum Corporation has weighed costs amounting to $518m to the federal government due to 2013 inefficiencies in oil swaps and offshore processing agreements.
Iran, British Association Ink 1,000MW Solar Plant Deal
The British Photovoltaic Association (BPVA) will construct a $1.7b solar plant with the capacity of 1,000MW in Iran following an agreement concluded with the government.
Venezuela’s PDVSA to Securitize Oil Debts as Production Falls
According to the President of the Venezuelan state oil company PDVSA, Eulogio del Pino, who is also Venezuela’s Oil Minister, the company is currently in talks with other oil services companies to turn unpaid bills into financial instruments.
Iran to Launch First Tender to Attract $12b Green Investment
Iran is planning its first tender for utility-scale renewable-energy projects by year end as it begins a green power build out that could draw $12b of investment by the time it is complete.
Saudi Bahri, APICORP Agree to Launch $1.5b Investment Fund
National Shipping Company of Saudi Arabia (Bahri) said it signed an agreement with the Arab Petroleum Investments Corporation (APICORP) to establish an investment fund worth around $1.5b.
Algeria’s Forex Expected to Drop to $116b by end 2016
Low crude prices have hit Algeria’s foreign exchange reserves forcing the government to make further cuts in spending.
