News / International

UAE to Withstand US Crude Exports Unaffected

In the aftermath of America's landmark decision to remove the ban on crude oil exports, UAE's Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei said that the move would not affect market fundamentals or change the supply and demand balance.

Iraq to Resume Oil Exports Through Saudi Pipeline

Iraq is seeking to reopen its crude oil pipeline from its southern oilfields through Saudi Arabia to the Red Sea port of Yunbu.

Iran Prepared for US Crude, OPEC Shares to Decline

In the wake of US historic decision to remove its 40-year crude export ban, Iran is to suffer the least among oil producers, according to a statement issued by the National Iranian Oil Company (NIOC).

Dubai Targets Energy Savings Aiming at Lowest Carbon Footprint

The Dubai Supreme Council of Energy has announced that Dubai expects to achieve 8% to 10% savings in energy demand by 2020, while generating the lowest carbon footprint in the world.

Iran’s 2016-2021 Plan Targets Renewables, Energy Efficiency

Iran has set up an aggressive growth plan to boost green energies as part of the country's larger commitment to sustainability and economic diversification in the framework of its five year economic development plan between 2016 and 2021.

China Railway Submits Bid to Build $2.2b Power Plant in Egypt

The China Railway Company has submitted a bid to build a $2.2b energy plant in Egypt that will operate on a combined-cycle system with a capacity of 2,000MW.

Kenya New Oil Finds to Attract Investors

Africa Oil has announced that the Etom-2 well in Block 13T, in northern Kenya has discovered 102 meters of net oil pay in two columns.

Total Renounces Oil Survey Work off Western Sahara

French oil giant Total will halt preliminary offshore oil survey work in disputed Western Sahara, a region controlled by Morocco, due to disappointing results of the first seismic data analysis.

ENI Declares Force Majeure on Nigeria’s LNG Export Plant

ENI has declared force majeure on loadings from Nigeria's LNG export plant due to sabotage on the Ogoda-Brass transport line, planning to reschedule some shipments.

Russia Vies with Saudi in Oil Exports to China

Russia has outrun Saudi Arabia as the largest crude oil supplier to China in November.

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