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Oil & Energy

Iran to sell oil at $50 per barrel next year
OPEC to debate oil output cut next week but Iraq, Iran hesitate
San Giorgio receives order from offshore sector

San Giorgio receives order from offshore sector

Genoa - The Genoa-based San Giorgio del Porto shipyard was awarded the contract for the maintenance of two offshore vessels belonging to Emas Chiyoda Subsea, a Singaporean-Japanese company that operates in the offshore installations industry with a fleet of 40 vessels

Europe sends oil as far as Cuba and Australia as glut grows

Europe sends oil as far as Cuba and Australia as glut grows

London - Looking at combined exports of major grades from OPEC members Iran, Algeria and Libya, together with those from non-OPEC producers Russia and Kazakhstan, shipments of crude towards the Mediterranean have grown by some 2 million barrels per day (bpd) over the past year.

Trump victory may revive Keystone XL project
Iran expects $12bn in foreign investments
Trump win threatens climate funds for poor, a key to Paris accord
ERG Group’s results showing growth

ERG Group’s results showing growth

Genoa - ERG registered profits at a current value of 83 million for the first nine monthsof 2016, for 9% growth compared to the same period in 2015. “For the ERG Group, the year that is coming to an end is very important for the process of industrial consolidation as an independent European electrical producer”

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