News / International
Export of Gas to Iraq, Iran’s Top Priority
Export of gas to Iraq is Iran’s top priority, according to the Director of National Iranian Gas Company for Planning, Mohammad Reza Qodsizadeh, who added that completing the Iran-Iraq gas project by next Iranian calendar is their highest objective.
Enersis Chile Projects $1.6b Investment Over Four Years
Electricity provider Enersis Chile has reduced its investments plan to $1.6b over the next four years. Last November, before the beginning of a corporate reorganization process, it announced $1.7b of investment in Chile.
Israel to Unblock Leviathan Gas Exports to Egypt
Israel will soon submit a proposal to Noble Energy Inc. and Delek Group Ltd. in order to unblock stalled development of the Leviathan natural gas field and allow exports to Egypt and Turkey, country's Energy Minister, Yuval Steinitz, said.
Sonatrach Awards $180m in Oil Service Contracts
Algerian state energy company, Sonatrach, as a part of its strategy to cope with crisis, has awarded $180m in oil service contracts with several international companies, Reuters reported.
Brazil’s Petrobras Signs Credit Line with China Exim Bank
Brazil's state-run oil firm Petrobras signed a preliminary deal with the Chinese lender China Exim Bank for a $1b loan, before originally planned as its debt service costs surge in the coming years amid the worst oil market in a generation.
Iran Wastes $3.5b a Year in Gas Flaring
Due to flaring practices, Iran loses at least 28mcm of natural gas flowing alongside extracted crude in oilfields, according to the Under-Deputy Oil Minister, Mohsen Khojasteh Mehr.
Shell Evacuates Staff in Nigeria Following Militant Threat
The activities of Niger Delta Avengers, the new militant group in the oil-rich region, have forced Royal Dutch Shell to evacuate most of its staff from its production facility, Eja OML 79.
Sonangol Hires Indian Company to Help in Lobito Refinery
Angolan state-owned oil company Sonangol has selected the company Engineers India Limited (EIL) to provide services related to the construction of the Lobito refinery.
