News / International
Saudi Oil Minister: Above $50 Per Barrel Needed to Sustain Investments
Saudi Energy Minister, Khalid Al-Falih, said that an amount of more than $50 per barrel is needed to sustain investments for the global oil sector.
Tunisia’s Energy Import Costs Increased 45% since 2010
Tunisian government data revealed that energy import costs have witnessed an increase of 45%, standing at $2.5b since 2010.
Libyan NOC and Oil Guards to Reopen Major Oil Export Terminals
Libyan major export terminals, Ras Lanuf and Es Sider, are to be reopened by oil guard brigades and unity government state oil company, NOC, in efforts to pump crude oil again.
Angola Projects Economic Decline Due to Low Oil Prices
Angola's Finance Ministry has halved its economic growth forecast for this year and decreased government's expenditure amid the fall of oil prices which affected the state revenues.
Russia Offers Enticing Gas Prices for Ukraine in Q3 2016
CEO of Russia’s energy giant Gazprom, Alexei Miller, has announced that Russia is ready to start supplying Ukraine with its requested gas volume of 3bcm in the third quarter of 2016 at a price rate of $167.57 per 1,000 cm.
Nigeria: Oil Union Leaders, Government Discuss Strike Issues
Nigeria's government officials held talks with leaders of Nigerian trade union, who are on strike, in efforts to resolve the dispute.
Iran’s Resistance Economy HQ Approves New Oil, Gas Contracts
Resistance Economy Headquarters, a top government economic advisory body, approved Iran's new oil and gas contracts after some amendments had been done.
Spain to Import 1m Barrels of Iranian Crude
Spain’s largest oil company, Repsol, has signed a contract with the Iranian oil ministry to purchase and import 1m barrels of Iranian crude oil in July 2016, according to a report from the ministry.
