Energy Update
RIO DE JANEIRO/NEW DELHI, July 4 (Reuters) - Petrobras has
warned its Indian partners in a huge offshore project to not
expect oil from the site until 2022, according to sources, a
fresh sign of how low oil prices and the state-owned company's
corruption scandal and mountain of debt are dragging on Brazil's
energy industry.
DOHA, July 4 (Reuters) - Kuwait foiled three planned Islamic
State attacks on the country, including a plot to blow up a
Shi'ite mosque, after launching raids that resulted in the
arrest of militants, state news agency KUNA said on Monday.
Uganda has entered into talks with South Korea's SK Engineering-led consortium for the development of crude oil refinery in the country, with an investment of $4bn.
DOHA, July 4 (Reuters) - The energy minister of Saudi
Arabia, the world's largest oil exporter, and the secretary
general of OPEC agree that the global oil market is heading
toward a balance and that prices are starting to settle,
according to comments carried by Saudi state news agency SPA.
AIX-EN-PROVENCE, France, July 3 (Reuters) - French and
international policymakers, business leaders and academics
gathered from Friday to Sunday in the southern French city of
Aix-en-Provence for an annual conference to discuss global
economic issues.
TRIPOLI, July 3 (Reuters) - Libya's state energy company
National Oil Corporation has agreed to merge with a rival
company established in the east by one of the country's two
former competing governments, the NOC said in a statement.
BELGRADE, July 3 (Reuters) - Serbia is performing a delicate
balancing act between its European aspirations, partnership with
NATO and its centuries-old religious, ethnic and political
alliance with Russia.
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