Algeria’s energy earnings are forecast to fall to $26.4b next year while foreign exchange reserves will dip to $121b after low oil prices cut into the Opec nation’s economy.
Qatargas Operating Company Limited (Qatargas) has granted a contract to Qatar Kentz for the engineering, procurement, supply, construction and commissioning of a water recycling facility at the planned Laffan Refinery 2.
A document released by Iran's state news agency IRNA proves that United States, Britain, France, China, Russia plus Germany are all helping Iran redesign its Arak heavy water reactor so that it cannot produce weapons-grade plutonium.
The semi-public Brazilian multinational energy corporation has confirmed oil discovery in Pitu area, in deep waters of Brazil's Potiguar Basin following the drilling of an extension well.
Nigeria and other Exporting Countries Forum (GECF) members currently account for 42% of global gas production‎, 70%t of global gas reserves, 40% of pipeline transmission of gas and 65% of the global trade in Liquefied Natural Gas.
Anglo–Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland, Glencore has secured a deal to buy roughly the half of the oil Libya is currently exporting.
More blackouts and low industrial production are imminent in Zimbabwe as the output from a major source of hydro electric power drops to critical levels.
Agruni Ltd, company dealing in waste collection, has signed a memorandum of understanding (MOU) with Rentec, a Belgian company which recycles waste into energy,