Iran has drawn up a package for an investment of $25b in the power sector, reported Trade Arabia.

South Africa's Strategic Fuel Fund (SFF) is seeking to import 24 m barrels of oil a year from Iraq to boost its reserves

In exclusive statements made to Egypt Oil & Gas, Amr Mustafa, EGPC Vice Executive Chairman for Operations, said that the quantities of gasoline supplied today have been increased to 22,000 tons from 20,000, for both the petrol 80 and 92 types, a 10% rise over the normal rate.

While concluding his visit to the UAE India's Prime Minister Narendra Modi called on prominent business leaders to invest in India in fields such as infrastructure, energy and real estate to the tune of $1 trillion