Energy Update
DUBAI/KUWAIT, Oct 16 (Reuters) - Kuwait National Petroleum
Co (KNPC) expects to finalise a loan of well over $5 billion to
finance its Clean Fuels project by the end of the first quarter
of next year, sources involved in the project said.
DOHA, Oct 16 (Reuters) - Saudi Arabia on Sunday replaced its
envoy to Iraq whose comments about Iranian involvement in Iraqi
affairs led to diplomatic tension with Baghdad.
LONDON/OSLO, Oct 16 (Reuters) - Oil majors including
Statoil, Shell and Chevron are experimenting with various
technologies, from drones and drill design to data management,
to drive down costs and weather a deep downturn.
DUBAI, Oct 16 (Reuters) - Iran will begin taking
applications on Monday for an unspecified number of energy
projects, the oil ministry's news agency SHANA reported on
Sunday, as the country moves to launch exploration and
production contracts after the lifting of sanctions.
TRIPOLI, Oct 15 (Reuters) - A Libyan faction opposed to the
U.N.-backed government seized a building used by parliament in
Tripoli, proclaiming its own authority and demanding a new
government in a challenge to Western plans to end the
instability in the country.
YENAGOA, Nigeria, Oct 15 (Reuters) - Attackers have set fire
to a crude oil pipeline in Nigeria's restive Niger Delta, a
military spokesman said on Saturday, the second strike in the
country's oil hub within a day.
RIO DE JANEIRO, Oct 15 (Reuters) - Brazilian President
Michel Temer said on Saturday the government has no plans to
increase fuel taxes, a day after state-run oil company Petrobras
announced a drop in fuel prices.
CAIRO, Oct 15 (Reuters) - Egypt's supplies minister said on
Saturday the country has sufficient sugar reserves to cover four
months' needs and oil to cover four months' demand.
GOA, India, Oct 15 (Reuters) - A deal in which a group led
by Russian oil major Rosneft will acquire India's
Essar Oil has been specially structured to avoid
falling foul of Western sanctions, Andrey Kostin, head of
Russian lender VTB, told Reuters on Saturday.
India's debt-laden Essar Group confirmed on Saturday it had
agreed to sell a 98 percent interest in its Essar Oil unit to
GOA, India, Oct 15 (Reuters) - India's debt-laden Essar
Group confirmed on Saturday that it has agreed to sell a 98
percent interest in its Essar Oil unit to a consortium led by
Russia's Rosneft, giving the energy giant a gateway
into the world's fastest growing fuel market.
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