Energy Update
DUBAI, March 13 (Reuters) - Iran has yet to receive $7.8 billion for crude oil sales made in recent months, government spokesman Mohammad Baqer Nobakht was quoted as saying, as Western sanctions keep Tehran shut out of the global banking system.
MOSCOW, March 13 (Reuters) - The governor of Russia's oil and natural gas-rich island of Sakhalin in the country's far east has been charged with large-scale bribery involving an energy company, investigators said on Friday.
ARBIL/LONDON, March 13 (Reuters) - A four-month-old oil deal between Iraq and the semi-autonomous Kurdistan region is close to unravelling after payments from Baghdad dried up, prompting Arbil to threaten to sue buyers and ramp up independent oil exports.
The dust has settled. After a crazy whirlwind of activities, all project documentation has been signed just minutes before midnight. The solar project has been built despite all the roadblocks along the way. It is now operational and connected to the grid, just before any imposed deadlines. The press release has been issued. The sun is shining and PV plant is producing as planned and everything is fine. Time to relax and collect the cash flows for the next 20 or 25 years?
SHARM EL-SHEIKH, March 13 (Reuters) - Egypt expects to sign agreements worth up to $20 billion at a weekend investment summit in the Red Sea resort of Sharm el-Sheikh, its investment minister said on Friday.
SINGAPORE/MUMBAI, March 13 (Reuters) - State Bank of India is preparing to turn down a $1 billion loan request from Adani Enterprises intended for a coal project in Australia, scrapping an agreement signed last year, sources with direct knowledge of the move said.
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