News / International
Israel Signs First Contract for Leviathan Gas Supplies
Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply 6bcm of gas from the country’s largest gas reserves, the offshore Leviathan field, to the country's two power stations owned by Edeltech group over 18 years.
Gulf Stock Markets Rose Following Oil Price Surge
Gulf stock markets rose sharply for a second straight trading day on Sunday after oil prices surged at the end of January. Egypt's stock index also rose by as much as 2.1% in response to the firm tone of global equity markets.
Tanzania Secures Land for Its Long-Delayed LNG Project
Tanzania had finalized a land acquisition for the site of a planned LNG plant, and was now working to compensate and resettle villagers to move forward on a long-delayed project.
South Africa’s Sasol Expects its Q1, Q2 Profit to Fall 28%
South Africa's Sasol, the world’s biggest producer of liquid fuels from coal, announced that it expected its half-year earnings to drop by up to 28%, adding that lower oil and chemical prices could further hurt its overall performance this year.
Iran’s Long Awaited London Conference Postponed
Iran has cancelled a long-awaited oil conference in London meant to invite further bids from foreign companies under Iran Petroleum Contract (IPC).
Lebanon Approves US Firm’s Bid for $339m Power Plant
Lebanon’s Ministry of Energy and Water has approved a bid made by US firm Primesouth to operate and maintain the Zahrani and Deir Amar power plants, resulting in a five-year contract worth $339m.
IMF Recommends Bahrain to Adopt Further Austerity Measures
Bahrain has announced austerity measures in line with IMF recent recommendations, in a bid to return to international bond market and to finance its expanding budget deficit of 15% of the country's GDP.
Militants Bomb Another Crude Pipeline in Nigeria
A crude oil pipeline in Nigeria's southern state of Bayelsa operated by the local subsidiary of Italy's Eni– was attacked. A spokesman for Nigeria's state oil company said he could not yet say whether exports would be affected.
