News / International
Venezuela Faces $5.2b in Debt Repayment in 2016
Venezuela's state-run firm PDVSA faces around $5.2b in payments to bondholders in 2016, a sum that some experts say it will be hard-pressed to meet after the government used nearly all of its available cash reserves to pay $1.5b in maturities recently.
Azeri Gas Expected to Reach EU by 2020
The EU has a clear interest to work with Azerbaijan on energy, regional security, the rule of law, and fundamental freedoms, EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, said.
Nigerian President: Oil Prices ‘Totally Unacceptable’
Nigeria's President Muhammadu Buhari said the OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen down to "totally unacceptable" levels.
Iran, Georgia Halt Talks on Gas Deal over High Prices
Iran and Georgia have temporarily stopped talks about Tbilisi's plans to purchase 200mcm of Iranian gas due to high prices.
Iran to Re-Launch Oil Swaps with Azerbaijan
Iran is expected to begin implementing the oil swap agreement with Azerbaijan in March, after a gap of five years.
Tanzania Announces New Onshore Natural Gas Discovery
Tanzania has discovered an additional 2.17tcf of possible natural gas deposits, raising the east African nation's total estimated recoverable natural gas reserves to more than 57tcf.
SOCO: Congo’s Baobab Marine-1 Well Comes up Dry
Central African oil player, SOCO International, said it came up empty-handed while drilling the Baobab Marine 1 well in the waters off the coast of the Democratic Republic of Congo.
Turkey to Restore Pipeline for Oil Transfer from Northern Iraq
Turkey has begun work to repair a pipeline taking crude oil from northern Iraq to the Mediterranean through its restive southeast and aims to restore flows soon.
