News / International

Saudi Petrochemical Profits Fall Below Expected

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) reported a 63% fall in second-quarter net profit on Tuesday but beat analysts' forecasts slightly.

Kurdistan Begins to Bypass Iraq Crude Export Controls

Iraqi Kurds are independently selling oil produced in their region, bypassing the country’s state crude marketer for all exports so far this month, said Safeen Dizayee, a spokesman for the Kurdistan Regional Government.

Crane Conference Planned for December in Dubai

Lifting industry professionals working with cranes, hoists and rigging equipment in the Middle East are set to gather at a second, high-level, regional conference in Dubai

Oman Solar Program Gaining Momentum with 7 New Projects

Oman’s renewable energy industry is set to get a boost with seven more solar power projects bring planned in the Sultanate

Oil Tankers Reach East Libya Port

Two tankers have arrived at the eastern Libyan port of Hariga to lift 1.15 million barrels of crude, an oil official said on Sunday.

Angola’s Sonangol Plans $1 Billion on Cost Savings

Sonangol EP, the state-run oil company in Angola, is seeking $1 billion in cost savings by the end of the year to help cope with plunging crude prices.

Georgia Claims Russia Seizes Critical Oil Pipeline

Continuing its game of redrawing borders, Russia has grabbed a 1.5-kilometer-long slice of a critical oil export pipeline in Georgia for the separatist territory of South Ossetia, leaving Tbilisi, once again, calling for the international community to come to the rescue.

Russia Provides Greece with Energy Lifeline

The Kremlin will do its part in the Greek economic recovery by working to support the country's energy sector, Russia's energy minister said.

Belarus Denies Transfer of Liquid Gas to Ukraine

The authorities of Belarus have blocked the transit of liquid gas to Ukraine.

Foreign Firms Compete in Mexico’s First Oil Auction in Years

US, European and Asian energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out.

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