News / International
Tunisia Receives $16.3m in EU Funding for Renewables
The European Union will provide $16.3m in funding for renewable energies and energy efficiency initiatives in Tunisia as part of a $54.3m funding package to support development of the private sector and professional training in the country.
UK Legalizes Fracking for Shale Gas Extraction
The UK MPs have voted to legalize fracking for extraction of shale gas trapped in underground shale rocks some 1,200m below national parks to offset declining North Sea oil and gas output.
Angola Secures 10-Year Commitment from Chinese Oil Firm
Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.
Iran on Verge of Sanctions Removal, Nuclear Trade with Russia
Iran’s ambition to have sanctions removed in January is "not impossible", according to the International Atomic Energy Agency.
Oman’s ORPIC Signs $5b Contracts for Petrochem-Related Projects
Oman Oil Refineries and Petroleum Industries Co (ORPIC) will sign contracts worth more than $5b to build the Liwa plastics complex.
Islamic Finance Props Up Saudi Electricity Sector During Oil Slump
Saudi Arabia's Rabigh Electricity Company has signed the riyal-denominated tranche of a murabaha credit facility worth up to $666.8m.
Nigeria Convicts Nine Asians of Oil Theft
Nigerian Federal High Court based in Lagos convicted five Filipinos and four Bangladeshis for stealing 3,423,097 metric tons of crude oil from Nigeria.
US to Lift Oil Export Ban Valued at $1.9b in Total
US Congress has approved a deal to lift a 40-year-old ban on US crude export to allow domestic oil producers sell their production in the global market without restrictions
