News / International
Nigeria’s Refineries to Resume Activity in February
Nigeria's refineries are expected to restart before the end of February, after attacks on their feedstock pipelines forced their closure in January.
DEWA to Launch Tender for 3rd Phase of its Solar Park
The Dubai Electricity and Water Authority (DEWA) will launch a tender to build the third phase of the Sheikh Mohammed bin Rashid al-Maktoum Solar Park in six weeks.
Sound Energy to Acquire 55% of Meridja Permit in Morocco
Sound Energy, the Mediterranean and European focused upstream gas company signed a binding agreement with Oil & Gas Investment Fund S.A.S (OGIF), which allows it to acquire a 55% interest of OGIF's 75% stake in the Meridja exploration permit, so called Reconnaissance Permit, onshore Morocco.
Nigeria Faces Suspension from EITI Club
The global Extractive Industries Transparency Initiative (EITI) warned that Nigeria significantly risked its suspension from the body. Experts believe that such suspension could put the country in a bad light before global investors.
Ukraine to Invest $1.7b in Nuclear Power Facilities Upgrade
Ukraine is planning to spend $1.7b to bring its nuclear power facilities up to current Western standards in an attempt to enhance country's electricity generation capacity and acquire energy independence from Moscow.
Total to Supply LNG to China
European oil major Total has signed a ten-year agreement to supply 500,000 tons of liquefied natural gas (LNG) to China's privately-run ENN Group annually.
Vitol CEO: Oil Prices to Bounce Around $40 – $60 a Barrel
Oil prices will stay low for the next ten years over Chinese economic slowdown and the US shale industry acting as a cap on any rally, Ian Taylor, CEO of Vitol Group BV, the world’s largest independent oil-trading house, told Bloomberg in an interview. Prices are likely to bounce around a band between $40 and $60 a barrel.
Qatar Purchases Stake in Morocco Offhore Contracts
The Qatari state oil company, Qatar Petroleum, has reached a deal with Chevron to acquire 30% of its stake in offshore drilling areas in Morocco. Irish oil company Circle Oil has announced a new customer for its gas in Morocco, bathroom fittings manufacturer SBS Porcher.
