News / International

Saudi Arabia Contemplating Wide-Ranging Cuts Under Price Pressure

Bloomberg has cited anonymous but well placed sources that Saudi Arabia is working with advisers on a review of the country’s capital spending plans to save money.

Oman to Turn the Tide on Flaring with Latest Tech Knowhow

Oman Oil Refineries & Petroleum Industries Company (Orpic) has launched a multi-million dollar bidding round for the installation of a flare gas recovery project at the company’s Sohar refinery

Rouhani: Iran on the Brink of Commercialization its Nuclear Industry

United Nations Security Council “Resolution 2231 not only recognizes our nuclear program, but also urges the world powers to cooperate with Iran,”

South African Power-Coal Dispute Enters New Phase

In the latest developments concerning the Eskom-Gelcore dispute in South Africa, power supplier Eskom announced on Wednesday that it now insists on compensation from Glencore's mining subsidiary Optimum

Equate Petrochemical Wins International IT Prize

Kuwait’s Equate Petrochemical Company received an IT award from German enterprise software leader SAP in the “IT Business Transformation Category”

Energy Bonds to Boost Iran’s Global Hydrocarbon Potential

Iran’s media revealed that the country plans to sell bonds worth a total of about $1.7 b next year

Old Iran-Kuwait Gasfield Dispute Making a Comeback

Kuwait has reportedly summoned the Iranian charge d’affaires to protest against a bid by Iran to develop unilaterally the disputed offshore Durra gas field

Houstan Firm Sells Angolan Assets during Corruption Investigation

Angola’s state-owned oil company Sonangol agreed to acquire Cobalt International Energy Inc.’s 40% interest in its offshore Angolan discoveries for $1.75b

Angola’s Sonangol Opens Help Desk for Bidding Entities

State-owned oil corporation Sonangol has opened a help desk specifically to assist foreign companies in bidding and operating in Angola, reported All Africa.

Oil Prices Drop Amid Global Downturn

Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down, reported Reuters.

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