News / International
Europe’s Guvnor, Vitol Record First Gasoline Shipment to Iran
Europe’s trading giants Guvnor and Vitol shipped their first gasoline to Iran vying for Iranian market share to gain a foothold in the Iranian oil supply.
IEA: Iran to Add 500,000b/d of Oil from Existing Fields in 2016
Iran is expected to add 500,000b/d of oil supply within a year from its existing oilfields, but developing new fields would take time, the Head of the International Energy Agency (IEA), Fatih Birol, said.
OPEC Oil Output Records Rise in March
OPEC oil output was rising in March as higher supply from Iran after the lifting of sanctions and near-record exports from southern Iraq offset maintenance and outages in smaller producers.
Libya’s UN-Backed Unity Government Sets Up Seat of Power
The Head of a UN-brokered Libyan unity government, Fayez Serraj, and six members of the Presidential Council arrived in the capital by sea end of March to set up a temporary seat of power in a naval base despite threats from competing factions, according to the unity government's website.
China’s Oil Giants Take Spending Cuts Deeper
PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.
Kenya to Build Own Oil Pipeline If Ugandan Plan Falls Through
Kenya may build its own pipeline to transport oil from the northern Turkana region to a port at the coast if a proposal to build one jointly with Uganda falls through, Kenyan Energy Principal Secretary said.
Korean KEPCO Eyes New Nuclear Power Plants Deals in MENA
Korea Electric Power Corp. (KEPCO) wants to gain more contracts to build nuclear power plants in the Middle East to facilitate its goal of becoming one of the world's top nuclear power operators.
GE to Install First Solar Hybrid Technology in Nigeria
General Electric Company (GE) will develop its first African installation of solar hybrid technology at a factory in Kaduna, northern Nigeria later this year to reduce emissions.
