News / International
Nigeria and Algeria Predict a Long Period of Low Oil Prices
Oil prices are likely to stay low for a long time after falling more than 40 percent in the past year, said officials from two OPEC nations.
Victims of BP Mexico Gulf Oil Spill Still Suffering
Five years after the largest oil spill in U.S. history spewed millions of gallons of crude into the Gulf of Mexico, many Louisiana oystermen are fearful that a once-bountiful population of the mollusks may never recover.
Oil Prices Force Qatar to Borrow for World Cup Plans
Qatari banks plan to borrow more than $6 billion to finance a construction boom ahead of the 2022 soccer World Cup amid slumping oil prices.
Saudi Company to Use American Shale Gas in UK PetroChem Plant
Saudi Basic Industries Corp 2010.SE has signed a deal to use shale gas from the United States at its Teesside petrochemical plant in Britain,
Zangeneh Openly Interested in Drawing Italy’s Eni Back to Iran
Italy’s oil giant Eni said on Sunday it is interested in returning to Iran if sanctions against the country are lifted.
Haifa Cancer Fears Prompt Shutdown of Israeli PetroChem Industries
The mayor of Israel’s third largest city, Haifa, has ordered the shutdown of five petrochemical plants after a warning by Israeli Health Ministry linking high cancer rates among residents to air pollution.
Nigerian Fuel Marketers Owed $315 Million in Fuel Subsidy
Nigeria's main fuel marketers said late Thursday the government has yet to fulfill its pledge to settle Naira 60 billion ($315 million) in unpaid subsidy for gasoline imported in previous quarters, warning that this could cut supply and trigger a fuel shortage.
Production Resumes at South Africa’s Largest Refinery
Production at the 172,000 barrels per day Sapref refinery, South Africa's largest and co-owned by BP and Shell, is normal following a pipeline fire that was extinguished on Saturday morning, a spokeswoman said.
