News / International
Saudi Aramco Raising Oil Output Ahead IPO
Saudi Aramco is raising output levels to capture more customers as it pushes ahead with Initial Public Offerings (IPOs). According to the CEO, the proposals for the partial privatization will be presented "soon" to the Supreme Council.
Iran and Oman to Establish a Marketing LNG Firm
Iran and Oman plan to establish a joint company to market liquefied natural gas (LNG). It is expected to be registered in Oman, and will have the sole responsibility of market natural gas to other parts of the world.
Change in Saudi Oil Ministry Makes Freezing Unlikely
The dismissal of Ali al-Naimi as Saudi Arabia’s Oil Minister and appointing Khalid al-Falih instead, puts the country’s deputy Crown Prince firmly in control of energy policy and makes to freeze oil production unlikely, according to OPEC officials.
Kenya Completes New 122-km Pipeline
Kenya's Oil Transport and Management Agency has completed the 122-kilometre Nakuru-Kisumu pipeline that will increase supply of the product to western Kenya and the entire East African region.
Morocco Refiner Samir to Resume Production in June
Morocco's sole oil refiner Samir will resume operating in mid-June after financial difficulties halted its production since August 2015.
EDF Among Bidders for Galp’s Gas Distribution Unit
Portugal's Galp Energia has asked French EDF's investment arm, and other infrastructure funds to submit tentative bids for a 49% stake in its gas distribution business.
Huge Wildfire Disrupts Canada Oil Production
The out-of-control wildfire that is scorching large swathes of land and displacing thousands of people in Alberta, Canada, has also knocked out nearly a third of Canada's daily crude oil production.
Buhari Signs Nigeria Delayed Record-Budget
Nigeria's President signed the delayed 2016 budget into law ending weeks of wrangling with lawmakers and tripling capital expenditure as Africa's biggest economy contends with its worst crisis in years.
