News / International
Nigeria Approves $2.1b Payment to Oil Marketers
Nigeria's government has approved the payment of $2.1b to oil marketers as outstanding payment for fuel subsidy claims, the state-run Nigerian National Petroleum Corporation has announced.
Abengoa Extends Deal for Moroccan Solar-Gas Facility
Spanish renewable energy company Abengoa has signed an extension to its operations and maintenance agreement with the Moroccan Power and Drinking Water Office for the Ain Beni Mathar solar-gas power plant.
Italy’s ENI and Angola’s Sonangol to Develop Gas Fields
Italy's ENI and Angola's state oil company Sonangol have agreed to finalize the evaluation of a gas field project that could generate up to 1.5 gigawatts of electricity for the southern African nation.
China and Mozambique to Develop New Oil Projects in Africa
China Petroleum Engineering and Construction (CPECC) and ENH LogÃstica (ENHL) of Mozambique have established a partnership to develop oil projects in Mozambique.
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%.
