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Business news

 
 

Safe investments in Southern Iraq

More and more business opportunities are arising in Iraq’s southern province of Basrah. Recent months have seen a flurry of contracts signed in the oil, gas, construction and shipping sectors and the area looks set to become an energy and logistics hub.

 

Heavy duties imposed on Chinese pipe

Chinese pipe destined for the oil and gas industries will be slapped with duties when it hits the US market because the products were illegally dumped.

 

Citizen of the year award

ExxonMobil CEO, Rex Tillerson has been awarded the Houston World Affairs Council Citizen of the Year Award.

 
 

AGRI project could sink Nabucco pipeline

Azerbaijan, Georgia and Romania have signed a memorandum of understanding to transport LNG into the EU in a project that could be finalised sooner than the Nabucco pipeline.

 

PetroChina to invest further in natural gas

PetroChina Co. Ltd has increased its natural gas exploitation and overseas gas project cooperation in an effort to integrate the gas business into its strategic business portfolio.

 
 
 
 

TransCanada Corp. gains approval from US regulators

US regulators have given TransCanada Corp. (TRP) permission to solicit interest from oil and gas producers regarding two proposed gas pipeline projects running from Alaska to Canada and the continental US.

 

Nord Stream construction begins

Construction of the long-anticipated Nord Stream gas pipeline from Russia to Germany via the Baltic officially got underway on 9th April.

 

Brazil announces PAC 2

Brazilian President Lula announces US$ 880 billion infrastructure plan, of which some will go towards increasing energy production capacity.

 

Nigeria supplies Ghana through WAGP

Nigeria has begun to supply natural gas to Ghana, Togo and Benin Republic through the West Africa Gas Pipeline (WAGP).