Business Energy

September Oil Exports Earn Iraq $8.4 Billion

Iraq’s oil exports during September reached the highest peak in three decades with about 2.6 million barrels per day, earning the country 8.4 billion dollars. The oil ministry which disclosed the figures earlier this week said oil exports in August were slightly lower at 2.564 million bpd and brought in $ 8.445 billion at an […]

Business Energy Headlines Morocco

Morocco: Saudi-led Consortium Wins $1 Bln Solar Plant Bid

A consortium led by Saudi’s company ACWA Power International has won a $1 billion contract to build a 160-megawatt solar plant in Southern Morocco. The plant, to be built near city of Ouarzazate, is the first phase of a 500-megawatt ambitious project, first of its kind in Northern Africa. The Saudi-led consortium includes Spanish firm […]

Business Energy Features

Turkey: Assessing the Black Sea’s hydrocarbon potential

During a news conference at the Turkish capital, the Chief Executive of Shell announced that oil exploration and production possibilities are being analyzed in the Black Sea by the TPAO, a state owned Turkish oil firm, and Royal Dutch Shell (RDSa.L). TPAO and Shell signed an agreement last year concerning the exploration and production of […]