News / International
Weak Oil Prices Harm Algerian Forex Reserves
Algeria's foreign exchange reserves fell 11.1% in the first six months of 2015 as a result of weaker oil prices, the central bank informed. The government is planning to raise taxes on diesel, 3G internet, and electricity.
Nigeria’s Buhari in France to Strengthening Cooperation
Nigerian President Muhammadu Buhari was scheduled to travel to Paris on Monday for a three-day official visit to France following an invitation from President Francois Hollande. Meetings with the heads of French oil major Total are also planned.
Global Solar Summit to be Launched in Middle East for First Time
The MENA region’s first Global Solar Leaders Summit will kick start GulfSol 2015 on Monday September 14 in Dubai, UAE
Bahrain to Host Heavy Oil Technology Conference
Officials, experts and key stakeholders from the Gulf and global heavy oil producing countries will gather in Manama, Bahrain for the Middle East Heavy Oil Congress (MEHOC)
Iran Breaks Diesel Export Barrier, Draws in European Banks
Iran, for the first time, has become a net exporter of gas oil, said Nasser Sajjadi the managing director of Iran's national oil distribution company (NIOPDC)
Nigeria Lifts Bans, Renews Swaps While Combating Oil Corruption
Bloomberg learned that Nigeria has canceled a two-month old ban on 113 foreign-flagged vessels, preventing them from loading crude or gas from the country.
Oil Firms in Uganda Searching for Alternative Route Through Tanzania
Oil companies in Uganda are in discussions with Tanzania for an alternative pipeline route through Tanzania despite a recent agreement between the President of Uganda Yoweri Museveni and his Kenyan counterpart President Uhuru Kenyatta.
Investment Banking Giant Goldman Sach’s Says Oil Could Drop to $20
The investment bank Goldman Sach’s recently released a report saying that oil prices could drop to $20/barrel, at least in the short term, USAToday reported.
