Esperotia seeks to buy biogas projects
News from Emerging Markets
Saudi Arabia's ACWA Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, Chief Executive Paddy Padmanathan said on Sunday.
Petroleos Mexicanos (Pemex) announced on Friday a net loss of US$ 17.9bn in 2014, 55% higher than that recorded in 2013. Moreover, the companys revenues totaled US$ 107.8bn, down 1.3% from the previous year. The financial debt of the company also increased (60.9%) to $ 9.9bn from US$ 6bn in 2013.
Estonia's governing pro-NATO Reform party topped parliamentary elections Sunday, defeating a Kremlin-oriented rival amid concerns over a militarily resurgent Russia, but analysts warned that forging a coalition would be difficult.
China's commercial crude oil inventories at the end of January 2015 grew 4.23 percent from a month earlier, while its product oil stocks gained 6.94 percent month-on-month, according to the monthly data product China Petroleum Stockpile Statistics (CPSS) released on Saturday.
Angola will this year auction 15 new oil blocks in the ultra-deep offshore waters where most of its current oil production comes from, while rights to explore 10 onshore blocks will also be issued, the state oil company said on Friday.
Romania has lost the price advantage it had through the local natural gas production once it completed market deregulation for non-household consumers, according to Frank Hajdinjak, the general manager of E.ON Romania.