News / International

Iran: Rouhani Declares Oil Dependence Reaching New Lows

Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21).

Kinder Morgan Considers Expansion into Downstream Mexico

Kinder Morgan Inc’s CEO Richard Kinder revealed on Thursday that the Texas-based company is considering infrastructural expansion in Mexico, where it already operates a natural gas pipeline currently.

EU Anti-Trust Regulator Takes on Gazprom

Europe’s competition commissioner Margrethe Vestager is taking on some tough battles. Last week she accused US technology giant Google of abusing its dominant position in the internet search market. This week she has laid charges against Russian gas producer Gazprom over its sales practices in eastern Europe.

Buhari To Release Full Audit on Nigerian State Oil Company

Nigerian President-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need to repay the government more than previously recommended, his party’s policy director said.

UAE Outlines 2021 Carbon Emissions-Climate Change Strategy

According to the UAE National strategy 2021, the Ministry of Energy should lead the efforts to reduce carbon dioxide (CO2) emission by 15% by 2021, Meshayel Lehsooni, head of climate change in the Ministry of Energy, said.

Fracking Update: Clean Geothermal Power from Water Waste

Oil fracking companies seeking to improve their image and pull in a little extra cash are turning their waste water into clean geothermal power.

Kuwait Problems Prompt Saudi Chevron Unit Shutdown in Neutral Zone

A Saudi Arabian unit of U.S. oil major Chevron has told its Kuwaiti partner it plans to shut down an oilfield jointly operated between the two Gulf OPEC countries next month over long-standing disputes, three industry sources familiar with the matter said.

Rival Government Continues to Receive Oil Revenue in Libya

Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said.

Saudi Solar to Up National Power Contribution in 2032, Report

Increasing government focus on renewable energy programme coupled with rising power demand will drive Saudi Arabia's solar power market to experience robust growth rate through 2020, a report said.

IOCs Must Pay Iran Debts Once Sanctions are Removed, Official

International oil companies’ pending debts to Iran stand around $18 billion, with British, Korean, Indian and Greek processors owing much of the sum, an official says.

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