News / International
Peruvian President Investigated in Brazilian Petrobras Probe
Brazilian police, investigating a massive kickback scheme at state-run oil company Petrobras, are now looking closely at Peruvian President Ollanta Humala, suspected of having received $3m in bribes.
Gazprom to Build New Gas Route to Europe via Black Sea
Gazprom, Edison, and DEPA have signed a memorandum of understanding on a new pipeline taking Russian gas to Greece and Italy via the Black Sea.
Libya’s Oil Production Drops to 360,000b/d
Libya's National Oil Corporation (NOC) stated that country's total oil production had recently decreased to between 360,000 and 370,000b/d due to the ongoing attacks conducted by Islamic State on Libya's oil infrastructure.
Kuwait Aims to Raise its Crude Oil Production
Kuwait plans to raise its crude oil production by 150,000b/d in Q3 2016 and aims to sign new export deals with European and Asian customers, Nabil Bouresli, Managing Director of International Marketing at Kuwait Petroleum Corporation (KPC) had said earlier this month.
Mexican Pemex Seeking New Investors Amid Liquidity Crunch
Pemex, Mexico’s state oil company, is hoping that an infusion of capital from private equity firms and other foreign investors will help it stave off a pressing liquidity crunch.
Iran Rejects Joining Oil Output Freeze
Iranian Oil Minister, Bijan Zanganeh, said that Tehran would not restrain its oil output as part of a global pact to freeze production to prop prices, following a meeting with oil ministers from Qatar, Iraq, and Venezuela held in Tehran in mid February.
Iran-Oman Undersea Gas Pipeline Study on Track
Studies on an undersea pipeline to transfer 20mcm/day of Iranian gas to Oman for a period of 25 years will be completed in six months.
Algeria’s Renewable Energy Target is a ‘Utopia’
Algeria's renewable energy development program is "practically a utopia", the state-owned electricity and gas operator, Sonelgaz's CEO, Noureddine Bouterfa said.
