Karachi-based Engro Fertilizers Limited is considering new investments and an extension to its production outside Pakistan. Locations being considered include mostly the Middle East and
Category: News
Rosneft’s Boss Blames OPEC and the U.S. for Cheap Oil
The boss of the Russian state-run oil company, Rosneft, Igor Sechin, criticized OPEC’s decision not to cut production on the sidelines of the International Petroleum
EU Energy Boss Calls for New Russia-Ukraine Gas Talks
EU energy chief, Maros Sefcovic, said on Friday (6 February) that the European Union was readying to convince Russia to renew its negotiations with Ukraine
IEA: U.S. to Remain Top Source of Oil Supply Growth by 2020
According to the Medium Term Oil Market report of the International Energy Agency (IEA), the United States will remain the world’s most important source of
A Silver Lining of the Weak Rouble: Protection from Chinese Urea Shipments
The weaker rouble is expected to protect Russia’s fertilizer manufacturers from the threat of an increase in Chinese shipments of urea. It will not be
Venezuela Stops Crude Imports from Algeria amidst Fears of Bankruptcy
Venezuela’s state-operated company PDVSA has decided to halt the imports of Algerian light crude, which is normally used to be blended with Venezuela’s own extra-heavy
Rosneft to Get Financing from Switzerland
Rosneft, Russia’s oil giant, is raising money from the Swiss trader Trafigura only a few days before its deadline to repay a $7 billion debt.
Iran’s Predicament in Attracting Foreign Investors
Iran is seeking to attract attention and interest of foreign investors deterred by both West-imposed sanctions and cheap oil as the country’s President is trying
Rosneft Will Not Resume Drilling in Kara Sea
Russian oil giant, Rosneft, has informed that it will not be able to resume drilling in the Kara Sea in 2015 due to the consequences
Canada’s Potash Firm MagIndustries Corp Investigated for Corruption
Employees at a Canadian potash firm run by a Chinese company are facing corruption allegations. MagIndustries Corp. issued a statement last week saying that it