News / International

Drills and Capex Sacrificed by KMG EP Due to Oil Prices

KazMunaiGas Exploration Production (KMG EP) has been forced to slash its 2015 capex spending and reduce its planned development drilling by 78 wells because of the low oil price environment

Russian Energy Minister: Ukraine to Triple Natural Gas Imports from Russia

Ukraine has asked for 1 bcm of gas imports from Russia in April, trebling the amount it received in March, Russian Energy Minister Alexander Novak said on Saturday.

Iran: EU Supports Termination of All Sanctions After Final Nuke Deal

Iran says the UN Security Council (UNSC) is to terminate all anti-Iran resolutions upon the conclusion of a final nuclear agreement between the Islamic Republic and the P5+1 group.

African Oil Producers Seek to Cut Production

The African Petroleum Producers Association, which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally.

Qatar Hosts Investment Event in Tokyo, Japan

Doha Bank hosted a knowledge sharing session "Opportunities in Qatar" at Mandarin Oriental Tokyo, Tokyo on 3rd April 2015

Kuwait Foreign Petroleum Accumulating Underwritten Debt

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, said on Saturday it had received an additional $1.5 billion loan

$500 Million Tamar Deal Finalized Between Israel and Jordan

The historic agreement between Jordan and Israel was stalled several times last year due to anti-trust concerns and political opposition

Chinese Solar-Powered ACs to Help UAE Balance Electricity Costs

Gree Electric Appliances said it has introduced the world’s first solar variable refrigerant flow (VRF) air-conditioners in the UAE.

Qatar Riding Out Oil Price Slump Better Than Rest of GCC

Recently released stats expose the effects of the plunge in oil prices on the fiscal systems of the Gulf Cooperation Council (GCC) economies. However, it is fair to claim that the Gulf countries at large are demonstrating an innate capability to overcome the challenge by showing a readiness to make use of state reserves, where necessary.

Oman: Planned LPG Plant to Develop Dhofar Governorate

The design phase for the major Liquefied Petroleum Gas (LPG) Extraction Project planned in Salalah, Oman, is on time and on budget so far

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