News / International
Kenya to Boost Oil Exports by Trucks and Trains before 2017
The Kenyan government is considering moving its crude oil by road and railway in line with a strategy to boost crude exports before the 2017 election, which would mean to sidestep bureaucracy involved in constructing a joint pipeline with Uganda and other countries.
Oman to Seek Foreign Loans to Finance Oil&Gas Projects
State-owned Petroleum Development Oman (PDO) will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders.
Cyprus to Hold 3rd Gas Exploration Licenses Round
The government of Cyprus announced that it would push ahead with a third licensing round to search for potential natural gas deposits in its Exclusive Economic Zone (EEZ).
Algeria to Launch Bids for Renewable Projects
Algeria will add 4,500 MW renewable power capacity by 2020, Energy Minister, Salah Khebri said, noting that a call for expression of interest for investors will be launched soon.
Saudi’s Acwa to Fund Dayrut Power Plant
Saudi Arabian company Acwa Power agreed with three international institutions to fund the power plant of Dayrut city in Beheira, Egypt. The project is expected to generate 2,250 MW of energy, with investments of $2.1b.
Saudi Arabia, Russia, Qatar, Venezuela Agree to Freeze Oil Output
Saudi Arabia and Russia said they would halt oil production as long as other major producers followed suit. Saudi Arabia, Qatar, Kuwait, and Venezuela, all OPEC members joined them in the production freeze.
Shell Expects Oil, Gas Output in Brazil to Quadruple by 2020
Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore resources, hoping to quadruple oil and gas output of the country by 2020, while predicting that oil prices would rebound this year to levels that would allow production in Brazil’s ultra deepwater fields to break even.
Angola Seeks Tackling Oil Price Decline, Food Scarcity
The government of Angola will adopt a set of measures to respond to the emerging crisis in the country resulting from the sharp drop in oil prices resulting in scarce and more expensive food resources.
