News / International
Japan Eyes New Oil Suppliers
Japanese oil companies are expanding their network of crude oil suppliers, becoming less dependent on the Middle Eastern imports.
Venezuela Discusses Grace Period with China
Venezuela is currently in negotiations with China to earn a grace period in its oil-for-loans deal that is expected to improve the whole OPEC nation’s capacity to make bond payments amid an economic crisis
Iraqi Kurdistan Conditions Oil Export Deal with Baghdad
Kurdistan Regional Government (KRG) is ready to sign a new agreement with the Iraqi central government and increase its oil exports if Baghdad guarantees KRG a monthly revenue of $1b from the federal budgets.
Iran’s Oil Export Doubles to 3.8mb/d
Iranian Ministry of Petroleum announced that the country's crude oil exports have doubled crossing the level of 3.8mb/d with over 2m barrels being exported to foreign destinations, since Iranian President, Hassan Rouhani, took office in 2013.
Gamesa, Siemens Wind Energy Deal Pending
The fourth largest wind turbine manufacturer in the world, Spain’s Gamesa, announced that it still in the negotiating process with Germany’s Siemens regarding merging the two countries’ wind energy business together
Kenya Intensifies Nuclear Reactors Import
Kenya has intensified import of nuclear reactors as part of its plans to diversify the national power generation mix.
Angola Marks Loss of 60,000 Oil, Civil Engineering Jobs
Angola has lost some 60,000 jobs in the past 12 months due to the economic crisis triggered by the falling international oil prices.
China’s Potential Oil Reserves Increase by 64%
China’s decision to boost oil exploration activities has led to a 64% increase of potential reserves since 2007.
