News / International
Saudi, UAE to Switch from Importing to Exporting Motor Fuel
Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming exporters of the motor fuel.
Iran: No Negotiations with Americans, only European Oil Companies
An Iranian petroleum official says there have been no energy talks between Iran and US companies.
Tropical Disturbance in Gulf Becomes Concern for US Oil Companies
U.S. oil companies were closely watching a large tropical disturbance in the southern Gulf of Mexico, but were not changing operations despite the system's 70 percent chance of developing into a tropical cyclone over the next 48 hours, according the U.S. National Hurricane Center.
Oil Execs Prepare for Russia’s Investment Show Amid Tension from the West
Some of the world's most powerful oil executives will attend Russia's top investment show next week, once again helping the organizers shrug off a meager turnout from other leading Western industrialists and bankers.
Austria Seeks Russian Gas with New Pipeline Idea
Austria's state oil and gas oil and gas company OMV wants to build a pipeline to bring Russian natural gas to Europe which would bypass Ukraine, local media reported Saturday.
UK Gets Involved in Spat Between Guyana, Venezuela Over Oil
British High Commissioner to Guyana, James Gregory Quinn has dismissed Venezuela’s most recent claim on Guyana’s oil rich Essequibo Coast, stating that it lacks solid grounds. Venezuela’s President Nicholas Maduro on May 27 signed a decree that now claims an entire portion of Guyana’s territory into the Atlantic Ocean and includes the Stabroek Block where a significant portion of oil was recently discovered by US oil giant, ExxonMobil.
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.
