News / International
Chinese Company Finishes Drilling Gas Appraisal Wells in Ethiopia
Chinese firm POLY-GCL Petroleum Group Holdings has finished drilling two appraisal wells in Ethiopia's southeast and will soon know the size of gas deposits there. Gas production may starts this year.
Catholic Church in South Africa Urges for Nuclear Referendum
The Roman Catholic Church in South Africa has urged the government to suspend its nuclear power procurement plans until a referendum on the issue is held, referring to implicated economic and safety risks.
El Molla: Egyptian-UAE Energy Ties are Strong, Positive Outlook for 2016
Egypt and UAE have become close across the economic and political spheres over the past three years, Egyptian Petroleum Minister, Tarek El Molla said, as Cairo has been receiving a flow of broad support from the UAE mainly in gas and oil products shipments.
Venezuela Halts Gas Exports to Colombia
Venezuela's state oil company, PDVSA, has halted the export of natural gas to Colombia due to weather factors, the Colombian Mines and Energy Ministry announced.
Egypt and Saudi Arabia to Meet January 5 to Discuss Investments
Egypt and Saudi Arabia will meet again on January 5th, as a part of the Egyptian-Saudi Coordination Committee, to discuss the details of $8b investments announced by King Salman Abdel Aziz in mid-December. The Saudi King has agreed to assist with Egypt’s energy needs and is expected to support Investments in energy, tourism, housing and agriculture.
Saudi Companies Project Production Costs Rise in 2016
Saudi Arabia's companies - Tasnee, SABIC, PetroRabigh and Yansab - have announced that their annual production costs would increase in 2016 following the latest government subsidy reforms that led to price hikes of fuel, electricity, and natural gas.
Iran to Build Rigs, Trade Technology with Russian Shipbuilder
Iranian shipbuilder, ISOICO has signed a Memorandum of Understanding (MoU) with Russian shipyard, Krasnye Barrikady (Red Barricades) for rig construction cooperation and technology transfer.
India Wins Discount on Qatari LNG Purchase
India's biggest gas importer, Petronet LNG has successfully renegotiated a deal to buy liquefied natural gas (LNG) from Qatar's Rasgas at a reduced price allowing the company to save about $605m a year in total.
