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Two Korean companies have signed a memorandum of understanding with Ukraine’s rail operator to aid the rebuilding of railways in the war torn country.
Uniper has to pay 550 million euros ($600 million) to Italy's Eni, three trading sources said on Monday, as a result of an arbitration court ruling over a liquefied natural gas (LNG) supply contract that expired in 2022.
Madagascar's incumbent leader Andry Rajoelina effectively secured a third term after the electoral body (CENI) on Saturday said he had obtained the most votes in a presidential election marked by a low turn out and an opposition boycott. Provisional results announced by CENI at the end of tallying showed Rajoelina garnered 58.9% of the vote followed by Siteny Randrianasoloniaiko, a lawmaker, who got 14.4%. The country's High Constitutional Court is mandated to announce final results within nine days after the poll body declares provisional results.
Italy's Eni will invest $10 billion in the development of the Baleine field offshore Ivory Coast, which will take place in three phases from 2023 to 2027, Energy Minister Mamadou Sangafowa Coulibaly said on Thursday.
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of two oil wells in the Zubair and Fakka [Jabal Fauqi] oil fields. The ZB-608 oil well in the Zubair oil field reached a depth of 3,598 meters using the 1,500-horsepower IDC 38 drilling rig. This is part of the contract with