News / International
China to Develop Second Phase of Shared Iran-Iraq Oilfield
Iran has awarded the second phase of an oil field development project to China National Petroleum Corporation International (CNPCI), a top official says.
German Solar Technology to be Utilized in UAE Renewables Drive
Leading high-tech equipment manufacturer Manz AG presented a new record efficiency grade for copper indium gallium selenide (CIGS) thin-film solar modules, with a module efficiency of 16%, at leading trade fair for photovoltaics industry SNEC in Shanghai, China.
Middle East’s First LNG Harbor Tug ‘Elemarateyah’ Launched
Drydocks World and Maritime World, a leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors, marked the steel cutting ceremony of the Middle East’s first liquified natural gas (LNG) powered harbour tug ‘Elemarateyah.’
Rising Summer Energy Demands Prompt Aramco into 1.7 Mn Gasoil Deal
Saudi Aramco is in negotiation to buy 1.7 million barrels of gasoil for delivery in May, its largest spot requirement in recent months, to meet a potential rise in domestic demand for the power generation fuel in summer, industry sources said.
Kenya Seeks to Impose Local Stake in Oil Exploration Firms
Kenya has proposed rules requiring oil exploration firms to give local investors a 5 percent stake and use local suppliers and staff for their services to get a bigger share of earnings from the new sector.
Libya’s Hariga Oil Port To Export 7 Million Barrels of Crude in May
Libya's Hariga oil port plans to export 7 million barrels of crude in May, the state port operator said on Monday.
Morocco Refiner Samir Gets $319 Million on Loans
Morocco's sole oil refiner Samir said on Monday it had obtained 3.1 billion dirham ($319 million) of loans via an agreement with Banque Centrale Populaire (BCP), one of the country's three biggest lenders.
Oil Majors Shell and Total Cut Costs by Integrating Refinery Units
Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory.
