News / International
Gazprom to Launch Siberia Gas Pipeline to China
Russia's Gazprom has awarded contracts to Stroygazmontazh (SGM) worth $2.8b for the construction of the Power of Siberia gas pipeline to China.
Ukraine to Purchase French Gas, Replacing Russian
The International Finance Corporation (IFC) from the World Bank group would provide a trade finance credit of up to $200m to Ukraine's national oil and gas company Naftogaz for it to acquire natural gas from France's Engie.
Turkmenistan Commissions East-West Gas Pipeline
Turkmenistan has commissioned its East-West gas pipeline worth $2.5b with a capacity of 30bcm/year connecting abundant gas fields in the Caspian Sea with an aim to improve the country's gas export efficiency.
Oman Awaits Approval of Ambitious Tax, Subsidy Reforms
Oman's top advisory body, the Shura Council, has voted for the biggest increase in corporate taxes in many years aimed at offsetting a budget deficit over oil price slump.
Nigeria To Boost Expenditure as Oil Deficit Widens
Nigerian President, Muhammadu Buhari announced plans to raise the government spending to $31b, up 20% in 2016 through extensive borrowing at home and abroad amid falling oil prices.
Tripoli NOC Reasserts Legal Rights Over Crude Export
The Tripoli-based National Oil Corporation (NOC) issued a statement underlining its right to take legal action against any party that tries to export crude or products from Libya without its permission.
South Africa to Move Ahead with Nuclear Programme
South Africa has started a process that could lead to it adding up to 9,600 MW of nuclear power to its national grid.
Zambia to Commence its First Bio-Refinery
The construction of Zambia's first bio-refinery to cater for 20% of the country's petroleum requirements has come at the right time when the country is in need of cheaper energy.
