News / International
Kenyan $144m Wind Power Project Cancelled over Land Disputes
Kinangop's 60.8MW wind project in central Kenya, worth $144m and backed by a joint venture between Macquarie Group and Old Mutual Investment Group has been cancelled due to opposition from local landowners and farmers.
Iran, Azerbaijan to Launch Oil,Gas Cooperation in Caspian Sea
Iranian President Hassan Rouhani will officially propose a new plan for oil and gas cooperation in the Caspian Sea to his Azerbaijani counterpart Ilham Aliyev, who is on an official visit to Tehran.
Italy to Hold Referendum on Offshore Drilling
Italy has set 17th April as the date for a referendum on the duration of offshore drilling for oil and gas in Italy. The Constitutional Court gave the green light to the decision welcomed by regional councils and environmental groups.
Libya Records Oil Production Decline due to IS Attacks
Libya's National Oil Company (NOC) announced a decline in oil production to the level of up to 370,000b/d, down from 400,000b/d recorded at the beginning of 2016.
Iran Offers Discounted Prices of Crude to Europe
Iran has revealed its oil prices to European buyers for the first time since sanctions were lifted against the Middle East country. Iran Heavy, one of the country’s main export grades, will cost $1.25 a barrel, which is less than Saudi Arabia’s most similar crude.
Iran Plans to Scale up Oil Production by 700,000b/d
Iran plans to scale up its oil production by 700,000b/d in the near future, according to the Iranian Deputy Oil Minister, Rokneddin Javadi.
Turkmenistan Develops Oil&Gas Basins in the Caspian Sea
Turkmenneft, Turkmenistan’s state concern starts implementation of plans on the development of the Turkmen sector of the Caspian Sea, the Oil and Gas Ministry said.
Shell CEO: Petrobras Should Cede Stakes to Foreign Firms
Brazil's state-run oil giant Petrobras should cede some of its drilling rights to foreign companies, the Royal Dutch Shell CEO, Ben van Beurden, said. The Brazilian government was reported to be considering these changes in an effort to take some debt pressure off Petrobras.
