News / International
Gas Ruling Forces Egypt to Pay $2b to Israel, Government to Appeal
The International Chamber of Commerce has ruled against the EGPC and EGAS in its long-standing contract dispute with Israel over halted gas exports. The Egyptian government is appealing the ruling and has halted current energy negotiations with Israel.
Nigeria to Announce Direct Oil Cash Calls in 2016
Nigeria announced that it would seek international oil and gas investments via direct cash calls in 2016 channeled through the Nigerian National Petroleum Corporation (NNPC) and its six multinational Joint Ventures (JV) in order to accommodate its lacking finances in the industry.
ENI Mulls Gas Contracts Cancellation
Italian energy company ENI ponders cancellation of its long-term gas contracts with Algeria, Russia, and Norway due to suffered losses of hundreds of millions of Euros, and the impasse at the Turkish Stream gas pipeline.
Iran to Build Oil Refineries in Europe After Sanctions
Iran is finalizing negotiations with Europe to construct refinery units in several European countries that will process Iranian crude oil, and subsequently sell the refined products on local markets.
Russia Objects to US Intransigence over Turkey-ISIS Oil Trade
A Russian air strike destroyed an alleged ISIS oil convoy in the northern outskirts of the Aleppo province in Syria.
UAE Supports OPEC Oil Policy
The United Arab Emirates expressed support for OPEC in maintaining stable, cost effective, and efficient crude supplies, UAE's Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei said at the OPEC summit in Vienna.
Masdar Forges Desalination Alliance for H2O Minus CO2
Abu Dhabi-based $15b worth renewable energy company, Masdar and members of the International Desalination Association (IDA) have launched a global clean water alliance at the COP21 in Paris, seeking to boost water security under the H2O minus COs formula.
South Pars Platform to Produce Gas by mid-March
Iran’s South Pars Gas Field development project will begin producing gas at one of its platforms of Phase 19 by mid-March 2016.
