News / International
Crude Oil Prices Decline over China’s Economic Slowdown
Global crude oil prices continue dropping to record low, with Brent down at $32.62 per barrel and US West Texas Intermediate (WTI) as low as $32.36, amid China's emerging economic slowdown and continuous overproduction of crude, which shatters hopes for market recovery in 2016.
Nigeria Considering Currency Devaluation
Nigerian authorities are under increasing pressure to devalue the national currency, the naira, as oil prices have declined.
Islamic State Attacks Libyan Electricity Plant
Islamic State has attacked one of Benghazi’s major electricity generation plants in a recent series of violent assaults on Libya's energy industry.
Iraq Resumes Oil Transfers to Turkish Port City of Ceyhan
Iraq's state-run North Oil Company (NOC) has confirmed that a technical fault with the pipeline that transfers oil from northern Iraq to the Turkish port city of Ceyhan was recently fixed, allowing for crude exports to resume.
Algeria’s Energy Export Volumes Drop 2.8%
Algeria’s energy export volumes dropped by 2.8% in the first nine months of 2015 due to increased domestic consumption and decreasing output.
Nigeria’s New Electricity Tariff to Begin February 1st
Nigeria’s Electricity Regulatory Committee (NERC) will begin the implementation of a new electricity tariff on February 1st, seeking to effectively monitor and enforce all service delivery agreements.
Iraq’s Nassiriya Field Development, Refinery Project Back on Track
The Iraqi oil ministry and newly established Dhi Qar Oil Company are reviving plans to boost production and refining of crude oil from the Nassiriya field in southern provinces at a capacity of 300,000b/d, delayed from 2014 due to the emerged IS violence.
Minor Gas Leak at Major Kuwaiti Refinery
Kuwait's major refinery, Mina Al-Ahmadi, suffered a gas leak that occurred in the second line of a gas liquefaction plant and injured a laborer, but did not affect the plant's operations.
