News / International
Uruguay Works to Settle $70m Oil Debt with Venezuela
The government is working to settle a $70 million debt Venezuela owes to Uruguayan exporters via an exchange for oil, Foreign Minister Rodolfo Nin Novoa said Wednesday.
UK Delays Decision on Permitting Shale Gas Project
British officials have adjourned until Monday the process for deciding whether to grant shale gas firm Cuadrilla Resources a project planning permit in northwest England.
Qatar Petroleum Lays Off Workers, Scraps Insurance, Catering, Service Companies
Qatar Petroleum, the state-owned oil and gas giant, has reduced its staff numbers in a restructuring and decided to exit all non-core businesses
Saudi Sipchem Makes Moves to Buy Kuwait Subsidiaries
Saudi International Petrochemical Co (Sipchem) has agreed to pay $100.2 million to raise its stake in two local subsidiaries
Aramco Trying to Attain Equal Shares to Lukoil in Joint Venture
Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50%,
Orders Coming in for Dubai Solar Park’s Second Phase
First Solar said it has signed an agreement to supply its photovoltaic (PV) modules to power the 200 megawatt (MW) AC second phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE.
Iran Developing Own Brands of Hybrid and Electric Cars
Iran Khodro has signed an agreement with two local universities to produce hybrid and electric cars, with the first models expected to roll down the production line in the next three years.
Post-Sanction Iran Represents a Threat to US Crude
If the United States does not lift its 40-year ban on crude exports, Iran could soon be competing in global markets that would be mostly shut to U.S. oil companies
