News / International
Congo Orders Oil, Mining Companies to Pay Taxes in US Dollars
In attempt to increase foreign currency reserves, Democratic Republic of Congo ordered mining and oil firms to pay taxes and import duties in US dollars rather than in the national currency, the Central Bank of Congo announced.
Brazilian Petrobras Selling Offshore Fields Worth $2b
Brazil's state- owned oil company Petrobras is marketing offshore oil and natural gas fields worth as much as $2b as part of its plan to sell assets and pay down debt. The company also aims to raise $14.4b from asset sales this year.
Morocco’s Sole Refiner Samir Issues Profit Warning
Morocco's sole oil refiner Samir issued a profit warning saying that its 2015 results are expected to show a widening loss after production was halted last year and its bank accounts were frozen. The company is seeking an out-of-court settlement with creditors, expected by end March.
BP, Statoil Withdraw Staff from Algerian Plants After Attack
British BP and the Norwegian oil company, Statoil, have temporarily removed their staff from two natural gas facilities in Algeria - Salah Gas and In Amenas - after al-Qaeda-linked militants attacked the former.
Central, Eastern EU Countries Object to Nord Stream-2 Gas Project
Governments of eight central and eastern European countries have raised objections to Russia's Nord Stream-2 gas pipeline project in a letter addressed to European Commission's President, Jean-Claude Juncker, on the grounds that it may be "potentially destabilizing geopolitical consequences,"
Israeli-Jordanian Gas Pipeline to Come Online in 2017
An Israeli-Jordanian pipeline will start supplying natural gas from the Israeli Tamar offshore field to Jordan in 2017 for an initial term of 10 years.
Russia Begins Oil, Gas Exploration in Iran
Two major Russian companies, Rosgeologia and Lukoil, together with the National Iranian Oil Company, have started a new round of studies on geological and geophysical oil and gas exploration in Iran.
EU Backs Finland’s LNG Terminal Projects
Finland will provide $31.5m in public funding to help finance a small-scale liquefied natural gas (LNG) terminal at the Hamina port, on the Finnish south-east coast, as an energy security option. The EU has approved the project.
