Business

Tullow starts search for Kenya oil buyers

British oil exploration company Tullow has started the search for buyers of Kenya’s small-scale crude petroleum exports ahead of the first shipment expected in the next four months. The UK multinational, in a trading update filed Wednesday at the London Stock Exchange, said it had received interest from unnamed potential buyers of the commodity. “Tullow

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Saudi crown prince begins Asia tour with $20 billion Pakistan investment pledge

Pakistani Prime Minister Imran Khan (R) greets Saudi Arabia’s Crown Prince Mohammed bin Salman on his arrival at Pakistan Air Force (PAF) Nur Khan Base in Rawalpindi, Pakistan February 17, 2019. Press Information Department (PID)/Handout via REUTERS Crown Prince Mohammed bin Salman on Sunday said Saudi Arabia has signed investment agreements worth $20 billion during

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Saudi Arabia signs warship construction deal with France’s Naval Group

A general view of the Saudi Arabian Military Industries (SAMI) exhibit is seen during the International Defence Exhibition & Conference (IDEX) in Abu Dhabi, United Arab Emirates February 17, 2019. REUTERS/Christopher Pike Saudi Arabia signed a preliminary agreement on Sunday with France’s Naval Group to build warships in the kingdom, as part of its efforts

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Iraq’s KRG suspends oil exports to Iran

The Kurdish Regional Government (KRG) in northern Iraq has suspended oil exports to neighboring Iran. In a statement, the KRG’s Ministry of Finance and Economy ordered border crossings not to allow the passage of oil tankers into Iran. The ministry, however, did not specify a reason for the move. It remains unclear whether the suspension

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More Brexit humiliation for May as parliament defeats her again

Britain’s Prime Minister Theresa May is pictured outside the Houses of Parliament, in London, Britain, February 14, 2019. REUTERS/Hannah McKay British lawmakers defeated Prime Minister Theresa May in a symbolic vote over her Brexit strategy on Thursday, undermining her pledge to European Union leaders that she can get the unpopular divorce deal approved if they

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Somalia president receives credentials of new ambassadors

Mogadishu, Somalia president, Mohamed Abdullahi Mohamed has received the diplomatic credentials from two new ambassadors in the country. The ambassadors are Rahul Chabbra of India and Nigeria’s Vincent Omeokachie. The diplomats delivered a letter from the leaders of their respective states to Somali president. In his letter via Indian ambassador, Prime Minister Narendra Modi has

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Pompeo says ‘confronting Iran’ key to Mideast peace

Photo (AP) U.S. Secretary of State Mike Pompeo said Thursday at a security conference in Warsaw that Iran is the top threat in the Middle East and confronting the country is key to reaching peace in the entire region. Pompeo met with Israeli Prime Minister Benjamin Netanyahu before the opening session at the conference and

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Israeli leader hopes summit brings Arab ties out in the open

Photo (AP) The Mideast conference in Poland that started Wednesday offers Israeli Prime Minister Benjamin Netanyahu an opportunity to flaunt in public what he has long boasted about happening behind the scenes — his country’s improved relations with some Gulf Arab nations. Several Gulf dignitaries are expected to attend in a potential show of force

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Somalia opens offshore licensing round

(Map courtesy Spectrum Geo) Somalia is inviting bids for 15 blocks across various basins under the country’s 2019 offshore licensing round. Delegates from the country’s Federal Ministry of Petroleum and Mineral Resources outlined the terms in London last week at an event organized by Spectrum Geo. The presentation was the first of its type ever

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Somalia lobbies AU Summit for US$4.6 billion international debt cancellation

Somali government officials, international development partners and civil society organisations engaged in humanitarian operations in Somalia met at the African Union Summit to lobby African leaders to approve a massive debt cancellation for war-ravaged Somalia. The Somalia Non-Governmental Organisation (NGO) Consortium, comprising international civil society organisations and government officials met during a high-level event at

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