News / International

Despite EU Sanctions, European Companies Still Seeking Deals with Russia

Europe’s biggest oil groups are extending business deals with their Russian energy partners despite this month’s EU vote to continue imposing sanctions, highlighting how western companies are learning to live with the restrictions placed on Moscow.

Abu Dhabi Fund Loans Mali $90.6 Mn for Optimal Solar Project

Abu Dhabi Fund for Development (ADFD) recently signed a Dh33 million ($90.6 million) loan agreement with the Government of Mali to finance a hybrid solar energy project in Mali.

Oman Drill Exploration Wells in Geologically Risky Areas

Oman Oil Company Exploration & Production (OOCEP), the wholly owned upstream subsidiary of Oman Oil Company, plans to drill two exploration wells targeting hydrocarbon prospects in the east of the sultanate

GPIC Wins Accolades at Arab Fertilizer Conference

Outstanding results achieved by Gulf Petrochemical Industries Company (GPIC) were highlighted during a leading fertiliser industry conference in Amman, Jordan.

Iran Hopes to Exchange Equipment, Services for Turkmenistan Gas

Iran said on Sunday that it plans to offer a barter scheme to Turkmenistan through which it would pay for natural gas imports by gas industry equipment as well as technical services.

Saudi Equity Market to Pull Away Investments from Oil Nations

Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia.

Asian Oil Refiners Look to Adapt to Market Changes Amid Crude Glut

The surge in oil supplies that has crushed prices is prompting some refiners in Asia to buy more crude that can be delivered immediately rather than at some future date, adding to pressure on sellers.

Low Oil Prices Having Negative Impact on Canada

Canada’s oil industry has had a rough couple of months, with production and exports taking a hit.

Libya’s Official Government Can’t Sell Oil Directly

Libya's official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and banking sources say.

Ukraine Seeks Deal on Gas Price with Russia in Next 2 Weeks

Ukraine hopes that the price for the third quarter will be lower, Demchishin said in an interview to Ukraine’s Channel 5.

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