News / International

Saudi Arabia Signs $900m KEXIM-Backed Loan for Power Plant

Saudi Electricity Co (SEC) signed a $900m loan agreement with the Export-Import Bank of Korea (KEXIM) among other international lenders, to help finance the construction of a 2,640MW power plant in Shuqaiq.

Abu Dhabi’s ADNOC Cuts 5,000 Jobs

Abu Dhabi's state-owned National Oil Co, ADNOC, plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out.

Iran, Tunisia Discuss Energy Ties

Iran and Tunisia exchanged views on Iranian-Tunisian cooperation, and explored potential capacities and needs of the two sides in the field of energy.

Italy’s Eni Unveils 420MW Renewables Plan

Italian oil and gas giant ENI plans to develop 420MW of renewable energy projects, predominantly solar PV, close to its existing industrial gas plants across Italy, Egypt and Pakistan.

UK Firm to Lead Renewables Effort in Cuba

Leni Gas Cuba has inked a deal with UK solar power and storage specialists CFS (Commercial Funded Solar) to assess the potential for installation and operating renewable energy and hybrid power solutions in Cuba.

Nigeria Plans to Export Fuel by 2019

Nigeria's Minister of State for Petroleum, Ibe Kachikwu, disclosed federal government’s intention to export refined petroleum products by 2019, after building three new refineries in Kaduna, Port-harcout and Warri.

Nigeria’s Oil Production Output Nears 22-Year Low

A series of attacks on Nigeria's oil infrastructure has pushed its output of crude close to a 22-year low, Reuters data shows, putting intense pressure on the country's finances.

Main Nigeria’s Oil Workers Unions Back Subsidy Removal

The main Nigerian oil workers unions, NUPENG and PENGASSAN, have declared their support for the government’s new price of petrol, after the removal of a controversial subsidy on gas, although the move is nearly doubling the price.

Southern Gas Corridor ‘On Time’, BP Exec

The Southern Gas Corridor, a project of pipelines which will transport gas from the Shah Deniz field in Azerbaijan to European markets for the first time in history, is running on time and on budget, a BP senior executive said.

Iran, Spain Start Petchem Cooperation

Spain and Iran will launch joint petrochemical projects, CEO of the Spanish company AIRSEC S.A., Javier Lopez, said.

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