News / International
Oil Prices Surge Temporarily as Saudi-Iranian Tensions Mount
Oil prices rose by more than 3% today in response to the crisis brewing between Iran and Saudi Arabia following the Saudi execution of a prominent Shiite cleric, Sheikh Nimr Baqir al-Nimr.
Qatari Companies Sign $500m Renewable Power Joint Venture
Qatar Petroleum (QP) and Qatar Electricity and Water Company (QEWC) are establishing a joint venture for the generation of electricity from renewables.
Nebras Power Seeks to Enter Omani Market with Acquisition
Qatar-based Nebras Power is seeking to expand its investments in Oman and has announced plans to acquire Qatar Electricity and Water Company’s (QEWC) stake in Phoenix Power Company that owns and runs one of the largest Independent Power Projects in Oman.
Australia Confirms Uranium Export Commitment to UAE
Australia has confirmed its commitment to export uranium for UAE's nuclear program, in line with the bilateral 2015 agreement, once the nuclear plants in the Gulf country come online.
Russian Business Delegation to Visit Egypt in Mid-January
A number of Russian firms will visit Egypt in mid-January to discuss investment in the fields of power, agriculture, tourism, and automotive.
Nigeria Navy Raids Illegal Crude Oil Traders
The Nigerian Navy said it had uncovered a hideout of crude oil thieves in Oteghale community, Warri-South Local Government Area of Delta State, and arrested 16 suspects.
Shell Launches Gas Production in Irish Controversial Corrib Field
Royal Dutch Shell has launched gas production from the Corrib field off the northwest coast of Ireland after two decades of local opposition and an investment of $3.9b (€3.6) in the field exploration and development.
Russia’s Oil Output Hits Record in 2015
Russia's oil output hits post-Soviet record with 10.73mb/d in 2015, up from 10.58mb/d in 2014, as small- and medium-sized energy companies such as Bashneft cranked up the pumps despite falling crude prices.
