News / International
Gulf Petrochem Acquires, Renames Kenyan Downstream Company
Gulf Petrochem group has announced the official acquisition and name change of Essar Petroleum East Africa Ltd to Aspam Energy (Kenya) Ltd
Competition Stiffens Over Post-Sanction Iran PetroChems
International traders are positioning to snap up Iran’s petrochemical exports as nuclear negotiations near the final stage amid hopes of an agreement.
Saudi Varying Crude Prices Targeted to Asian Market
Top oil exporter Saudi Arabia is expected to cut monthly prices for medium and heavy grades it sells to Asia in August on weaker fuel oil cracks, while keeping the price for its flagship light crude little changed
Africa Energy Drops out of Puntland Due to Political Strife
Africa Energy has dropped its exploration acreage in Somalia's breakaway state of Puntland citing uncertainties over the current political climate between regional authorities and the central government in Mogadishu.
Tullow Oil Eases Pressure with Upgrade to Output
Oil and gas producer Tullow Oil has raised its full-year production guidance after its flagship West African oil fields produced more than expected, lifting its shares more than 5 percent.
Uganda Invests in Hydropower
Uganda’s government suspended plans for a debut sale of Eurobonds to fund infrastructure projects because the stronger U.S. dollar has made it more expensive to borrow, the Finance Ministry said.
Ukraine Stops Receiving Russian Gas as Talks Fall Apart
Russian gas purchases have been suspended by Ukraine after a breakdown in talks aimed at keeping supplies running for three to six months.
China Begins Construction of Power of Siberia Pipeline to Russia
China National Petroleum Corp (CNPC) started construction of the Chinese section of the Russia-China east route gas pipeline designed to pump Russian gas into the country’s northeast territory and beyond.
