News / International
Egypt, Ethiopia, and Sudan Sign Preliminary Agreement over Renaissance Dam
Egypt, Ethiopia, and Sudan announced on December 29th that they had reached a consensus over the next steps of Ethiopia’s Renaissance Dam project. However, concerns still remain for Egyptian officials.
Ethiopia Installs Green Energy Water Pumps to Isolated Rural Communities
Ethiopia’s Ministry of Water, Irrigation and Electricity announced that water pumps powered by "Green Energy" were being supplied to isolated rural communities in the country, which do not have access to the national power grid.
Schlumberger to Co-Finance Moroccan onshore Tendrara license
Sound Energy, the operator of the onshore Tendrara license in Morocco, has entered into a Field Management Agreement (FMA) with an affiliate of Schlumberger Oilfield Holdings Limited that will provide integrated technical services, equipment and personnel.
China Oil Major Sells its Trans-Asia Gas Pipeline Assets
China National Petroleum Corporation (CNPC), the country's biggest oil company has sold 50% of its interest in the Trans-Asia Gas Pipeline Co. for $2.3-2.4b, far below the market price, to China Reform Holdings Corporation, a state-run asset management firm.
German Investors Pledge $13b for Iran’s Petchem Projects
Two German companies are seeking to invest $13b in Iran's petrochemical projects in Ian, following the lifting of sanctions.
Aramco Confident Saudi Can Ride Out Oil Price Crunch
Saudi's state oil company, Aramco stated that Riyadh had the capacity and was better equipped to wait out current low oil prices compared to other oil producers, while projecting a more stable market in 2016.
Iran Breaks US Monopoly on Cement Plugs
Iran's Research Institute of Petroleum Industry (RIPI) has achieved technological progress to locally produce cementing plugs used in deep oil and gas wells, breaking the America's monopoly in the industry.
Argentina Projects $500m Shale Oil Investment
Argentina's new President, Mauricio Macri, has announced a $500m shale oil investment in his attempts to revive a stagnant economy after 12 years of populist economic policies.
