News / International
Aramco Seeking to Issue Islamic Bonds
Saudi Aramco has held talks with banks about creating a program that would include selling Islamic bonds over the next years.
Oman Targets 990,000b/d Level of Oil Production in 2016
The Omani Oil Ministry announced that the country's oil production in 2016 will target the level of 990,000b/d. The ministry added that its plan to halve economy’s dependence on oil in five years, which was recently publicized by the Supreme Council for Planning, will be difficult to achieve.
Tehran Protests Oppose Iranian Petroleum Contracts
Iran's Oil Ministry has recently witnessed demonstrations criticizing the terms of the new Iranian Petroleum Contracts (IPCs) organized by student protesters, who are aligned with the Basij, a hard-line militia formed to uphold the principles of the Islamic Republic.
South Africa’s Eskom Concludes Coal Supply Agreements
South Africa's Eskom concluded new short-term coal supply agreements valid until April 2016 to use coal from Glencore, South32, and five other suppliers for its Arnot power station.
Ghana’s Opposition Calls for Review of ENI Oil&Gas Deal
Ghana’s leading opposition, the New Patriotic Party (NPP), asked the Italian Prime Minister, Matteo Renzi, –during his two-day visit to the country– to review the terms of a deal between Italian oil company, ENI and the government of Ghana to ensure that both countries benefit fairly.
Algerian Court Issues Jail Sentences in Sonatrach Case
A verdict was reached in the high-profile corruption trial of former executives at Algeria's state energy giant, Sonatrach. Six officials were handed between five to six years of jail sentences, including a former vice president and an ex-state bank chief. Two local subsidiaries and two international companies were fined for having played their role in illegal trading.
Renewables Account for 35% of Morocco’s Energy Mix
Morocco's government officials announced country's progress on its way to expand the renewable sector, as already 35% of its energy mix currently comes from green resources. The north African nation aims to reach a goal of 42% of power generation mix from renewables within the next few years.
South Africa’s Sasol Develops Mozambique’s Oil, Gas Fields
South Africa's Sasol has obtained permission to drill for appraisal at an area adjacent to its Pande and Temane gas fields in Mozambique, the company stated without disclosing further details.
