Iraq and Total sign $27 bln energy projects deal
France’s Total (TTEF.PA) will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on Sunday, the country’s oil minister said. The company will Continue Reading
Saudi Non-Oil Economy Grows at Slower Pace Amid Lower Exports
Business activity in Saudi Arabia last month grew at the weakest pace in 10 months as lower export demand weighed on the kingdom’s non-oil economy. A Purchasing Managers’ Index compiled Continue Reading
INOC launches, aiming to restructure Iraq’s oil sector
he Iraqi National Oil Company (INOC) has taken two significant administrative steps to become operational, signaling a potential sea change in the structure of Iraq’s oil sector. In an Aug. Continue Reading
$14 Billion ‘Ill-Spent’ On Development Projects In Nigeria’s Oil Region
Nigeria has failed to adequately implement and deliver thousands of projects—funded with $14 billion—to help the social, economic, and infrastructure development of the oil-rich but impoverished Niger Delta region, Nigeria’s Continue Reading
Nigeria: India, Netherlands, Spain Emerge Top Export Destinations for Nigeria’s Crude Oil
Abuja — India, Netherlands and Spain have now filled the vacuum left by the United States as top buyers of Nigeria’s crude oil, according to a document obtained from the Continue Reading
Weaponizing Carbon Dioxide In The 21st Century
In the 20th century, oil became a major geopolitical weapon, most notably during OPEC’s 1973 oil embargo which caused a cataclysm shift in global power relations. OPEC continues to utilize Continue Reading
Climate Czar Kerry Fails To Clinch Climate Deal With China
China and the US have failed to reach a climate agreement after Biden’s climate envoy John Kerry pushed Beijing to make more public pledges before a UN climate summit in Continue Reading
Sydney COVID cases seen topping 2,000 a day; Australia ramps up vaccinations
Sydney, the epicentre of Australia’s biggest coronavirus outbreak, is expected to see daily infections peak next week, authorities said on Monday, as they look to speed up immunisations before easing Continue Reading
Japanese automakers’ China car sales tumbled in August
Japanese automakers Honda Motor (7267.T) , Nissan Motor (7201.T) and Toyota Motor (7203.T) saw their sales in China tumble in August as a chip shortage hit vehicle production in the Continue Reading
Australia sees strong future for coal beyond 2030 despite U.N. call
Coal will be a major contributor to Australia’s economy well beyond 2030 given growth in global demand, the country’s resources minister said on Monday, a day after a United Nations Continue Reading