Energy Update
RIYADH, Jan 19 (Reuters) - Saudi Basic Industries Corp
(SABIC) remains upbeat on a proposed petrochemical
venture in the United States with Exxon Mobil and a
preliminary investment decision could be made within months,
SABIC's chief executive said on Thursday.
ABUJA, Jan 19 (Reuters) - Nigerian President Muhammadu
Buhari will travel to Britain on Thursday for medical checks and
is expected to resume work on Feb. 6, his spokesman said.
Saudi Arabia’s first round of renewable energy tenders are expected to deliver $50 billion by 2032 to bankroll 10 GW of clean energy, the country’s energy minister announced this week.
Costa Rica plans to be a carbon neutral country by the time it marks its bicentennial in 2021. And the Central American nation is not so far from that ambition — already 98 percent of its electricity comes from renewables.
QAYYARA, Iraq, Jan 19 (Reuters) - Shepherds herd blackened
flocks through the Iraqi desert. Locals cough and wheeze under
vast clouds of smoke, and NASA images show oil threatening to
encroach on the Tigris River, a major water source.
TEL AVIV, Jan 19 (Reuters) - Israel is boosting spending on
its navy to better protect offshore oil and gas deposits and
secure a large maritime zone that abuts that of its neighbour
and enemy, Lebanon.
RANDFONTEIN, South Africa, Jan 19 (Reuters) - The number of
miners killed in South Africa's mines fell in 2016 to a new
record low of 73 from 77 in 2015 thanks to a government drive to
improve practices, Mineral Resources Minister Mosebenzi Zwane
said on Thursday.
LONDON, Jan 19 (Reuters) - World oil markets are slowly
tightening as demand rises while investors wait to see if
production cuts agreed by OPEC and other producers will be
implemented as promised, the International Energy Agency (IEA)
said on Thursday.
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