News / International
Turkey: Oil Tankers Pass through Bosporus Unhindered
Turkish maritime has re-opened Bosporus strait to transit tanker and allow oil flow, after a coup attempt against Turkey's President, Recep Tayyip Erdogan, failed.
Nigeria: Oil Workers Call Off Strike Action
Nigerian workers have suspended their industrial strike following several hours of talks with government officials.
Iran, Russia Sign Agreement for Energy Cooperation
National Iranian Oil Company (NIOC) and state-owned Russian oil refinery have inked a non-disclosure agreement whereby the Russian side will conduct studies on two Iranian oil fields.
Egypt, China to Finalize Coal-Fired Plant Contract
Egypt's Ministry of Electricity and Renewable Energy is expected to endorse the final contract to establish a coal-fired power plant with China’s Shanghai Electric when Egypt’s President Abdel Fattah El Sisi visits China in September 2016.
Saudi Electricity Consortium Refinanced $1.82b Debt
A consortium of Saudi Arabia's electricity companies, including Saudi Electricity Company (SEC) and Riyadh-based Acwa Power, had refinanced debt of the Rabigh 1 power project, totaling more than $1.82b.
36 Oil Tanks Catch Fire in New Mexico, USA
A massive fire broke out at an oil field operated by WPX Energy, in San Juan County, New Mexico. The fire caused several explosions that led to the closing of the nearby highways and forced the local residents out of their homes.
African Union Urges to Team Up for Energy Infrastructure Projects
African Union's (AU) Commissioner for Infrastructure and Energy, Elham Ibrahim, suggested that African nations pursue joint infrastructure projects to fill the prevailing energy gap across the continent.
USA Becomes World’s Largest Oil Reserve
Recoverable oil reserves in the US has currently surpassed those in Saudi Arabia and Russia, making the US the world’s biggest country with oil reserves, according to an evaluation published by a Norway-based independent oil and gas data firm, Rystad Energy.
