The United States Treasury Department granted Chevron another three-month sanction waiver to continue operating in Venezuela, Reuters reported Sunday, with the expiry date of this latest extension set for April 22. The Treasury Department has been granting Chevron three-month extensions of its sanction waiver for a while now, with the one it announced last October reportedly being a topic of heated discussion in the…
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At least five people died and dozens of others were rushed to hospital late on Sunday after an oil pipeline exploded in Nigeria in a blast that the authorities believe was caused by oil thieves who ruptured the pipeline belonging to the Nigerian National Petroleum Corporation (NNPC). The explosion occurred late on Sunday evening local time in Nigeria in the Ekoro area…
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Somalia has invited Turkey to carry out offshore oil exploration works in the territorial waters of the African country, Turkish President Recep Tayyip Erdogan said on Monday, as reported by broadcaster NTV. Turkey has an offer from Somalia, which says that Ankara can conduct oil exploration the way it has agreed to do with Libya in the eastern Mediterranean, Erdogan said. …
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The Council of Common Interests (CCI) has directed the Power Division to incorporate observations of Sindh and KP governments in the Alternate Energy Development (ARE) Policy 2019, as both provinces opposed approval of policy in the current shape. Well informed sources told Business Recorder that Power Division at a meeting of the CCI held on December 23, 2019 argued that…
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ISLAMABAD: Pakistan has managed to secure broad-based interest in the privatisation of multibillion-dollar liquefied natural gas (LNG)-fired power plants as a dozen global and local companies, including a military-backed local consortium, have shown interest by the end of the extended deadline. As traditional aspirants, China and Saudi Arabia, have stayed away from the process, non-traditional investors from Japan, Thailand, the United…
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