News / International
European Company to Invest $6b in Iranian Gas and Wind Power
The Iranian government has signed an agreement worth $6b with an unnamed European company to invest in Iran's power sector.
Saudi to Raise Water Prices amidst Credit Downgradings
Saudi Arabia will raise the price of water for non-residential consumers, a move widely perceived as a sign the government is cutting back an expensive system of subsidies thanks to low oil prices.
Oman’s Solar-Oil Recovery Project to Bolster Local Supplies, Jobs
Petroleum Development Oman (PDO) and GlassPoint Solar have broken ground on their landmark solar project ‘Miraah’ in Oman.
Undaunted by Oil Prices, UAE Cuts Costs, Registers New Firms
Abu Dhabi National Oil Company (ADNOC) is looking to take advantage of market conditions and bring down the operating cost of its projects by 25%.
Oil Prices Spark Tensions Between US and Omani Pipe Makers
Ahmed Hassan Al Dheeb, undersecretary at the Omani Ministry of Commerce and Industry said that his country is confident of winning an anti-dumping case against a local steel pipeline manufacturer that that is being heard in the United States.
British SOCO: We No Longer Hold License in African Wildlife Park
British oil firm SOCO International said on Tuesday it no longer holds the exploration license for a block that falls partly within Africa's oldest national park, the subject of heated debate over environmental degradation last year.
Mexico’s Crude Exports to US Drop to 25-year Low
Mexico's crude exports to the US dropped to their lowest level in 25 years in September, as the Latin American nation seeks other buyers in response to reduced demand from US refiners.
Indonesia Announces Bids for New Shale Gas Blocks
Indonesia is forging ahead with its strategy of developing unconventional sources of oil and gas, announcing bids for three new shale gas blocks, according to information issued by the ministry of energy and mines.
