News / International
Iran Rejects Joining Oil Output Freeze
Iranian Oil Minister, Bijan Zanganeh, said that Tehran would not restrain its oil output as part of a global pact to freeze production to prop prices, following a meeting with oil ministers from Qatar, Iraq, and Venezuela held in Tehran in mid February.
Iran-Oman Undersea Gas Pipeline Study on Track
Studies on an undersea pipeline to transfer 20mcm/day of Iranian gas to Oman for a period of 25 years will be completed in six months.
Algeria’s Renewable Energy Target is a ‘Utopia’
Algeria's renewable energy development program is "practically a utopia", the state-owned electricity and gas operator, Sonelgaz's CEO, Noureddine Bouterfa said.
MENA Oil Exporters Lost Over $340b from Oil Slump
Oil-exporting countries in the Middle East and North Africa (MENA) lost more than $340b in oil revenue from their budgets in 2015, according to the International Monetary Fund (IMF) Chief. Reengineering tax systems could be an answer.
Lukoil Sizing up Baltic Sea Opportunities
A Kaliningrad-focused subsidiary of Russia's Lukoil has been granted a right to explore for oil and gas in the Russian sector of the Baltic Sea.
Kenyan $144m Wind Power Project Cancelled over Land Disputes
Kinangop's 60.8MW wind project in central Kenya, worth $144m and backed by a joint venture between Macquarie Group and Old Mutual Investment Group has been cancelled due to opposition from local landowners and farmers.
Iran, Azerbaijan to Launch Oil,Gas Cooperation in Caspian Sea
Iranian President Hassan Rouhani will officially propose a new plan for oil and gas cooperation in the Caspian Sea to his Azerbaijani counterpart Ilham Aliyev, who is on an official visit to Tehran.
Italy to Hold Referendum on Offshore Drilling
Italy has set 17th April as the date for a referendum on the duration of offshore drilling for oil and gas in Italy. The Constitutional Court gave the green light to the decision welcomed by regional councils and environmental groups.
