News / International
Oman Preparing Region’s First Electricity Spot Market
The Oman Power and Water Procurement Company (OPWP), a member of Nama group, is making preparations for the establishment of a spot market system for electricity trading in the Sultanate, the first of its kind in the region,
Energy Firms Owe Nigerian Banks $20b
Energy firms owe Nigerian banks N4t ($20b) as of September 2015, according to data from the Central Bank of Nigeria.
ACEP: Ghana’s Petroleum Tax Beyond Acceptable Levels
Ghana’s new taxes on petroleum products are beyond acceptable levels for a developing country, according to the African Center for Energy Policy.
Algeria, EU Prioritize Renewable Energy and Energy Efficiency
Algerian-EU energy cooperation scheme envisions new plans for development and investment in energy efficiency and renewable energy.
Algerian, British Ministers Discuss Energy Investment
Algeria's Energy Minister, Salah Khebri, and British Special Representative, Lord Richard Risby, held a bilateral meeting to discuss greater energy cooperation between the two countries.
Russia’s Gas Export to EU Countries Increased 8% in 2015
Russia's state-run gas producer, Gazprom, announced that its natural gas exports to Europe had risen by almost 8% to 159.4bcm in 2015, despite EU sanctions imposed on Moscow in retaliation for Russia's annexation of Crimea in 2014 and EU's intention to decrease its dependence on Russian gas.
China’s Oil Demand Growth Expected to Slow in 2016
China's oil demand growth is expected to drop to 3% in 2016 reflecting on the country's economic slowdown, despite lowering oil prices. Oil demand rise is estimated at merely 300,000b/d this year, compared to 510,000b/d in 2015.
India to Spend all $4.5b Budgeted for Petroleum Subsidies despite Oil Plunge
India is likely to spend all of its $4.5b originally earmarked for petroleum subsidies for the year through March, despite having budgeted for $70 a barrel rude that now costs around $30.
