News / International
Oman Eager to Cut Oil Production under OPEC Initiative
Oman announced that it is ready to cut oil output by 5% to 10% to buoy up oil prices if OPEC and non-OPEC members took the initiative.
Kuwait Oil Deploys Cisco Security Solutions Against Hackers
Kuwait Oil Company has selected Cisco security solutions to better protect its installations from cyber-attacks.
Nigeria’s Azura Power Plant to Begin Construction
Nigeria’s plan to build a 456MW gas-fired power plant, Azura, outside of Benin City is finally becoming a reality, as the World Bank is set to guarantee the investment to begin the construction.
GCC Targets 10GW Renewables Expansion by 2020
The GCC’s solar capacity is expected to reach 10GW by 2020, while the MENA region is expected to attract $35b worth of renewable energy investments every year by 2020, said experts from the International Renewable Energy Authority (Irena).
KRG Struggling for Cash as Oil Debts, ISIS Threat Mount
The autonomous Kurdistan Regional Government (KRG) in northern Iraq announced that it may sell parts of its electricity sector to raise funds to reduce its budget deficit.
Sadara to Produce Specialty Chemicals for Region
The Sadara Chemical Company (Sadara) in Saudi Arabia said that its chemical complex in Jubail Industrial City II is more than 97% complete.
Libyan National Oil Corp. Meets with Majors
The chairman of Libya’s state-run National Oil Corporation met with major oil companies to discuss plans to expand the country’s declining petroleum production.
German Investor to Build Solar Mega-Project in Iran
German investors will build one of the world's biggest solar power plants in the central province of Isfahan, powering 475,000 households for 30 years.
