News / International

Sadara Moves Ahead with Petrochemical Strategy

Saudi Arabia's Sadara Basic Services has signed agreements covering storage facilities and port services in preparation for its petrochemicals production strategy, that will begin by the end of this year, reported Reuters.

Israeli PM Meets Italy’s Eni to Discuss Regional Cooperation

Italian energy giant Eni issued a press release on the recent meeting held in Jerusalem between its CEO, Claudio Descalzi, and the Israeli Prime Minister, Benjamin Netanyahu, and the Infrastructure, Energy and Water Minister, Yuval Steinitz.

Islamic State Selling Oil “Through Turkey”

The Islamic State (IS) is selling most of its illegally acquired oil through Turkey and Kurdish areas, according to a former counterterrorism officer with the Central Intelligence Agency, reported Russia Today.

Stiff Sentences for Nigerian Fuel Smugglers

Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after being arrested with nearly 1,500 tonnes of contraband petrol, the Business Standard reported.

Qatar Summit Places Emphasis on Solar Power

The future of the power sector and plans to promote renewable energy resources in Qatar were discussed at length across two days at the recently concluded Power Qatar Summit 2015 in Doha

Oman Oil and BPCL Selling Stake in Joint Venture

Foreign companies are in talks to buy a stake of up to 24 percent in the Bina refinery in India's Madhya Pradesh state which is jointly owned by Bharat Petroleum Corp (BPCL) and the Oman Oil Company

PetroSA CEO Under Investigation in South Africa

South Africa's state oil company PetroSA said on Friday it had terminated its CEO’s contract

Norway Gas Pipeline Court Ruling Being Contested

A group of international investors will appeal against a ruling by an Oslo court regarding Norway's decision to cut natural gas pipeline tariffs for the 8,000-km (5,000-mile) Gassled gas pipeline network

Saudi Plans Delayed as Credit Rating Drops with Oil Prices

Saudi Arabia's cabinet has deferred for further study a decision on limiting the private sector work week to 40 hours

Downstream Investments Struggle with Oil Price Drop

The substantial fall in oil prices has weakened the onshore market, causing project delays and a focus on reducing costs for pipeline owners,

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