News / International
Nigeria Loses 40,000MW of Energy over Hampered Gas Investments
Hampered gas investments resulting from oil companies' recorded deficit have deprived Nigeria of 40,000 MW of electricity generated from natural gas reserves.
OPEC Cites Brexit Risk to Global Oil Demand
The Organization of Petroleum Exporting Countries (OPEC) has recently pointed to a pending crude supply deficit, instead of a surplus created by low oil prices, as it said that the oil markets are likely to generate high global demand for crude, with an estimated increase of 1.15mb/d, in 2017.
China’s Sinopec Closes 500 Gas Stations, Refineries over Flooding
The massive flooding in China, that is reported to be the country’s worst since 1998, has forced the largest oil company in Asia, Sinopec, to close 500 gas stations and shut down some refinery facilities in the southern and central regions of China.
Egypt Inks Agreement on 18 Projects Funded by China
The Egyptian and Chinese ministers of trade and industry, along with the ministers of investment, have signed an agreement to research and execute 18 Chinese-funded projects that aim to increase the productive capacity of both China and Egypt.
Tanzania Launches National Sustainable Energy Initiative
Tanzanian Ministry of Energy and Mining launched the Sustainable Energy For All (SE4ALL) action agenda and investment prospectus by 2030.
Canada Introduces New Programs to Increase Oil&Gas Output
Canada's sixth largest province, Alberta, has introduced two new incentive programs, directed at oil and gas companies, that aim to promote investing in new exploration and enhanced recovery of existing wells.
Algeria Orders Nine GE’s Jenbacker Gas Engines for Power Generation
Algeria has purchased nine General Electric's Jenbacher gas engines to provide power for two of its plants in the country's largest industrial conglomerate in attempts to increase production of household appliances.
Iran: Tehran, Paris Agree to Cooperate on Nuclear Fusion Project
Iran and France have reached a general agreement for Tehran to join an international nuclear fusion project, an Iranian official said. The deal, which is yet to be confirmed by France, comes a year after Iran and six world powers came to terms over Tehran’s atomic program.
