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Middle East


Saudi Aramco Sets Bids to Expand Hawiyah Gas Plant
Saudi Arabia >> 8/16/2017 - Saudi Aramco has received bids from international engineering firms to expand the Hawiyah gas plant, industry sources said. They said the companies that submitted their proposals, on Sunday, were: Sou...
KBR Awarded PMC Contract for Dalma and H&G Islands Projects for ADNOC
United Arab Emirates >> 8/15/2017 - KBR, Inc. has been awarded a Project Management Consultancy (PMC) contract by Occidental of Abu Dhabi Ltd. on behalf of Abu Dhabi National Oil Company (ADNOC) for management of the Front End Engineeri...
CB&I Wins Storage Project in Saudi Arabia
Saudi Arabia >> 8/14/2017 - CB&I has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia. ...
Sadara Commissions Last Plant of its Saudi Petchem Complex
Saudi Arabia >> 8/14/2017 - Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and The Dow Chemical Company celebrates the commissioning of the last of its 26 plants – an isocyanates section currently produci...
Kuwait to Finish Cleaning up Oil Spill
Kuwait >> 8/13/2017 - Kuwait will finish cleaning up a crude oil spill in the country's southern waters in the Gulf this week, a Kuwaiti newspaper report said, quoting the country's oil minister. Essam al-Marzouq told the ...
PDO and Oman LNG Sign Collaboration Deal
PDO and Oman LNG Sign Collaboration Deal Oman >> 8/13/2017 - Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) have signed a three-year partnership agreement to enhance technical and commercial co-operation.
Khafji Joint Operations Confirm Safety of Facilities, No Oil Spill
Saudi Arabia >> 8/13/2017 - Khafji joint operations confirmed the safety of their facilities and that they are free from any oil spill after reports of an oil spill from an oil tanker in the northeast of the Arabian Gulf. ...
Oman Wanfang Plans 25 New Projects in Duqm
Oman >> 8/12/2017 - Oman Wanfang, which is the master developer of China Oman Industrial Park in Duqm, plans to develop 25 new projects, which will take the total number of projects within the industrial park to 35. The ...
Saudi Arabia Favours New York for Aramco Listing Despite Risks
Saudi Arabia >> 8/11/2017 - Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, peop...
Iraq Wants to Reopen Old Saudi Crude Exports Pipeline
Iraq >> 8/10/2017 - Former Iraqi oil minister Ibrahim Bahr Al Olum said it was necessary for Iraq to regain an old pipeline that used to export Iraqi crude through Saudi Arabia, Saudi-owned Al Hayat newspaper reported. ...
Fluor’s Phosphate Megaproject in Saudi Arabia Begins Production
Saudi Arabia >> 8/10/2017 - Fluor Corporation announces that the Ma’aden Wa’ad Al-Shamal Phosphate Company’s (MWSPC) Umm Wu’al Phosphate Project in Saudi Arabia has started production of ammonia, merchant-grade acid and fertiliz...
TAQA Starts Production from Kurdistan Oil Block
United Arab Emirates >> 8/10/2017 - Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, announced its financial results and operational highlights fo...
DNO Receives $39.59mn from Kurdistan for May 2017 Crude Oil Deliveries
Iraq >> 8/9/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market fr...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 8/9/2017 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $12.24 million from the Kurdistan Regional Government (‘KRG’) for oil sales during May 2017. ...
ICL Signs MoU with Energean for Long-Term Supply of Natural Gas
Israel >> 8/9/2017 - ICL, a leading global specialty minerals and specialty chemicals company, announced that it has signed a non-binding Memorandum of Understanding ("MoU") with Energean Israel Limited ("Energean") to en...
Leviathan Partners in Talks to Pipe Israeli Gas to Egypt Via Jordan
Israel >> 8/9/2017 - Companies developing Israel’s largest natural gas reservoir are negotiating an alternative delivery route to key target market Egypt to skirt financial disputes that have held up an export deal, accor...
Saudi Energy Minister Says Discussed Stabilizing Oil Market with Iraq
Saudi Arabia >> 8/9/2017 - Saudi Arabia's energy minister said that he had discussed efforts to stabilize oil markets with his Iraqi counterpart during a joint meeting. ...
GE Renewable Energy Books $100+MM Deal for Hydro Pumped Storage Project in Israel
Israel >> 8/8/2017 - GE Renewable Energy has booked a turnkey contract with Star Pumped Storage Ltd for the 344 MW Kokhav Hayarden hydro pumped storage station, the second to be installed in Israel. ...
Saudi Kayan Secures $1.2B Loan to Repay Maturing Debt
Saudi Arabia >> 8/8/2017 - Saudi Kayan Petrochemical Co said it had secured a $1.2 billion Islamic loan from National Commercial Bank (NCB) to help repay a previous facility with the lender that matures next week. ...
Saudi Aramco Awards First Contract for Planned Shipyard Complex
Saudi Arabia >> 8/8/2017 - Saudi Aramco said it has awarded the first major contract in the planned construction of a $5.2 billion shipyard complex designed to reduce Saudi Arabia's dependence on oil exports. ...
Saudi Arabia to Allow Full Foreign Ownership of Engineering Firms
Saudi Arabia >> 8/8/2017 - Saudi Arabia will allow foreign companies to own engineering services companies in full, without requiring them to partner with a Saudi-owned firm, the cabinet announced. ...
Hexagon Composites Awarded New Major Order in Iraq
Iraq >> 8/7/2017 - Hexagon Composites' subsidiary Hexagon Ragasco has received a new major order for LPG cylinders from Gas Filling Company (GFC) at a total value of around USD 15 million (approximately NOK 120 million)...
ADNOC in Discussions for New Offshore Oil Concession
ADNOC in Discussions for New Offshore Oil Concession United Arab Emirates >> 8/7/2017 - The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated...
Tecnicas Reunidas & Daewoo Confirms the Award of the Process Units Package
Oman >> 8/5/2017 - Técnicas Reunidas has been selected by DRPIC to execute the Project of the Process units project for the new refinery of Duqm in Oman. ...
Petrofac JV Awarded $2B Duqm Refinery Contract in Oman
Oman >> 8/4/2017 - Petrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2 billion with Duqm Refinery and Petrochemical Industries LL...
Aramco Signed MoU with KBR to Strengthen In-Kingdom Procurement of Services
Saudi Arabia >> 8/3/2017 - Saudi Aramco’s commitment to develop a competitive and reliable local supply chain through its In-Kingdom Total Value Add (IKTVA) program was given a significant boost with the signing of a Memorandum...
ABB Wins $30M Order to Strengthen Power Infrastructure in Iraq
Iraq >> 8/2/2017 - ABB has won an order to supply and install a substation at the 3,000 megawatt (MW) Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Sham...
Iraq's July Oil Exports Dip on Lack of Shipments from Kirkuk
Iraq >> 8/1/2017 - Iraq's oil exports fell to 3.230 million barrels per day in July from 3.273 million bpd in June as no shipments were made from the northern Kirkuk field, the oil ministry said. ...
SNC-Lavalin Transitions into EPC Phase of Ammonia Plant Contract
Oman >> 8/1/2017 - SNC-Lavalin has received a notice to proceed from Salalah Methanol Company LLC (SMC) with the Engineering, Procurement and Construction (EPC) phase of its anhydrous liquid ammonia plant project, locat...
Saudi Arabia Oil Demand - July 2017
Saudi Arabia Oil Demand - July 2017 Saudi Arabia >> 8/1/2017 - In Saudi Arabia, oil demand growth figures for May returned to the declining trend seen in the first three months of the year. Oil requirements fell by 0.10 mb/d, or 4%, compared to the same month in ...
Saudi's SWCC Gets Bids to Advise on Desalination Scheme Privatisation
Saudi Arabia >> 8/1/2017 - Several banks have submitted bids to Saudi Arabia's Saline Water Conversion Corporation (SWCC) to advise on the privatisation of its $7.2 billion Ras Al Khair desalination and power plant, banking sou...
Gulf Petrochem Group Closes US$150m Financing Deal
United Arab Emirates >> 7/31/2017 - Gulf Petrochem Group (GP), has successfully raised US$ 150 million from a group of international and local financial institutions based in the GCC. In an environment of continued low global oil prices...
Iran, Iraq Moving Closer to Construction of Kirkuk Pipeline
Iraq >> 7/30/2017 - Iran and Iraq are moving closer to building a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran, Iranian Oil Minister Bijan Zanganeh said after meeting his Iraqi c...
Reducing Power Consumption with a World’s First in Automation Technology
Saudi Arabia >> 7/30/2017 - Southern Area Oil Operations has successfully completed the world’s first pilot project to implement Advanced Process Control (APC) technology in the Khurais oil field to reduce power consumption by e...
ADNOC to Decide on Japan Oil Concession Renewal by Early 2018
United Arab Emirates >> 7/28/2017 - Abu Dhabi National Oil Co (ADNOC) expects to make a final decision on whether to renew Japanese firms' oil concessions in Abu Dhabi oilfields before year-end or very early next year, its top executive...
Iraq Exports Reach 59370 Ton of Liquid Gas & 356008 m3 of C5 since the Begin of 2017
Iraq >> 7/27/2017 - Mr. Al-Luiebi said that the plans of the ministry of oil to develop the gas sector achieved positive results via raising the invested quantities and elevating of the exported quantities of liquid gas ...
Iraq Orders to Raise the Production Capacity of Najaf Refinery to 50.000 B/D
Iraq >> 7/27/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil visited Najaf governorate and met with the responsible officials in there. He also ordered to raise the production capacity of Najaf refinery to (5...
Sadara Brings Kingdom’s First Polyols Plant On-stream
Saudi Arabia >> 7/27/2017 - Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up the Kingdom’s first Polyols plant. This manufacturing facility produces special...
Saudi-led Coalition Stops Oil Tankers from Entering Yemen
Saudi Arabia >> 7/27/2017 - A Saudi-led military coalition and the government of Yemen denied four oil tankers access to a Yemeni port last week, a move that could hurt the flow of aid and exacerbate a cholera outbreak in the co...
UAE’s ADNOC Starts Picking Banks for Planned Loan
United Arab Emirates >> 7/27/2017 - Abu Dhabi National Oil Company (ADNOC) has picked an initial group of banks to arrange a planned syndicated loan of up to $5 billion, banking sources familiar with the matter said. Bank of Tokyo-Mitsu...
Internationally Acclaimed ADIPEC 2017 Awards Open for Nominations
United Arab Emirates >> 7/27/2017 - The prestigious ADIPEC 2017 Awards are now open for nominations, with five categories focused on issues crucial to the progress and resilience of the energy sector. ...
Iraq Ministry of Oil Declares Oil Exports for June 2017
Iraq >> 7/26/2017 - The ministry of oil declared the final statistics of the oil exports of the last June according to the final statistics of the Iraqi SOMO Company. The oil exports for June was (98,200,000) barrels, wh...
Petrofac Strengthens Iraq Presence with US$100m Contracts
Petrofac Strengthens Iraq Presence with US$100m Contracts Iraq >> 7/26/2017 - Petrofac has secured a contract extension and a new award with a combined value of more than US$100 million for construction management, engineering, commissioning and start-up services for two Intern...
ABB Supplies Central Inverter Solutions for Two PV Power Plants in Jordan
Jordan >> 7/26/2017 - ABB’s central inverter solutions were chosen to power photovoltaic (PV) solar power plants Mafraq I and Mafraq II. The two plants, located in Mafraq, Jordan, with a total AC power of 102 MW, will be c...
Qatar Turns down New LNG Deals with Egypt
Qatar >> 7/26/2017 - Qatar has turned down several requests by third-party traders to make fresh liquefied natural gas (LNG) supplies available to Egypt, raising concerns that a diplomatic row between the countries may cu...
Aramco to Complete First Phase of Gas Pipeline Project by 2017
Saudi Arabia >> 7/26/2017 - Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year, the company said in its weekly magazine, part of an effort to meet the ...
UAE Buys First U.S. Oil Cargo to Replace Qatar Condensate
United Arab Emirates >> 7/26/2017 - The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensa...
Kuwait Seeks Energy Venture With Traders From Glencore to Vitol
Kuwait >> 7/25/2017 - OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn ...
UAE's ADNOC Cuts September Crude Allocation by 10 pct for Most Customers
United Arab Emirates >> 7/25/2017 - Abu Dhabi National Oil Co (ADNOC) has cut its crude allocations by 10 percent for September for the majority of its customers, an ADNOC spokesman said. ...
Closing Transaction for the Sale of 9.25% in the Tamar and Dalit Leases
Israel >> 7/24/2017 - Delek Group announced that below an immediate report that was published by Delek Drilling Partnership Limited is provided advising on the closing of a transaction for the sale of participation interes...
Orpic Wins Project Finance Deal of the Year Award for LPIC Deal
Oman >> 7/24/2017 - As one of its values to aim for leading performance, Orpic has been awarded the perfect Project Finance Deal of the year (2016) from Trade and Export Finance Agency (TXF) for the LPIC project finance ...
UAE Oil Giant in Talks to Obtain Loan of up to $5 billion
United Arab Emirates >> 7/24/2017 - Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5 billion, the latest sign that the region's giant oil companies are increasingly turning to the debt markets to fund exp...
Iraq Launches the 3rd Well in Sindbad Borderline Field
Iraq >> 7/23/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well, and inspected the drilling operations in the 4th oil well in Basrah. Mr. Al-Luiebi confirme...
Drilling Begins on Three New Exploration Wells in Block 55
Oman >> 7/23/2017 - Global oil services giant Schlumberger has revealed that it has been awarded a contract by Oman-based Petrogas Kahil for the drilling of three exploration wells in Block 55 in the south east of the Su...
Saudi Refinery Operations Not Affected by Transformer Fire
Saudi Arabia >> 7/23/2017 - The Saudi Aramco Mobile Refinery (SAMREF) at Yanbu is operating normally after a fire hit a power transformer at the gate of the facility, a spokesman for a Saudi government body was quoted as saying ...
ADNOC Begins Talks with Chinese, Japanese Firms for Partnerships
United Arab Emirates >> 7/23/2017 - The Abu Dhabi National Oil Company (ADNOC) recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets. Following the launch o...
UAE Energy Minister Hopes Global Oil Markets Begin to Tighten in H2
United Arab Emirates >> 7/21/2017 - The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said he hopes that global supplies will start tightening in the second half of the year when demand picks up. "We have seen heal...
Iraq Launches the 3rd Well in Sindbad Borderline Field in Basrah
Iraq >> 7/20/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well in Basrah, and confirmed on the keenness of the ministry of oil to develop all the borderlin...
Iraq Opens 3rd Loading Dock to Elevate the Gas Investment to 1300 MSCF
Iraq >> 7/20/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil opened the 3rd loading dock in the exportation terminal in Um-Qasr port. Mr. Al- said that the accomplishment of this project represents a signific...
Zion Oil & Gas Drilling Operations Exceed One Mile Depth in Israel
Israel >> 7/20/2017 - Zion Oil & Gas, Inc. continues active drilling operations at its Megiddo-Jezreel #1 well in Israel. As of today, we have reached a depth of approximately 5,345 feet (~1,629 meters) toward a proposed t...
Powerwave Results Sets Path To Injection Technology Of Choice In Kuwait
Kuwait >> 7/18/2017 - Wavefront Technology Solutions Inc., a global leader in the advancement of fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil ('IOR/EOR') recovery is pleased to prov...
Kuwait's Ethylene 2 Plant Resumes Production
Kuwait >> 7/18/2017 - Kuwait's Ethylene 2 Plant resumed operation following a brief shutdown for technical considerations last week, the EQUATE Group announced. ...
Nakilat Signs MoU with Hoegh LNG to Explore FSRU Project
Qatar >> 7/18/2017 - Nakilat signed a Memorandum of Understanding (MoU) with Hoegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for oppo...
Saudi Aramco Awards Marjan Oil Field FEED Services
Saudi Arabia >> 7/18/2017 - WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipel...
SAP Partners with Saudi Aramco to Create Digital Business Marketplace
Saudi Arabia >> 7/18/2017 - SAP is partnering with Saudi Aramco in creating a new solutions platform to enable Saudi Aramco to launch a digital business marketplace with thousands of Saudi Aramco buyers and suppliers in partners...
Abu Dhabi's State Oil Firm Hires U.S. Investment Bank Moelis
United Arab Emirates >> 7/18/2017 - Abu Dhabi National Oil Company (Adnoc) has appointed boutique U.S. investment bank Moelis & Co as an adviser as it seeks to attract billions of dollars in investments through joint ventures and prepar...
Nexans Adopts Solar Energy to Power its Liban Cables Plant
Lebanon >> 7/17/2017 - As part of its contribution to energy transition, Nexans, a global expert in cables and cabling solutions, inaugurated a new 600 kilo-watt peak solar power system at its Liban Cables Naher Ibrahim ind...
PDO Achieves Significant Progress in Developing Bahja-Rima Oilfield
Oman >> 7/17/2017 - National oil company Petroleum Development Oman (PDO) has made significant progress in developing the Bahja-Rima cluster field, which has more than seven billion barrels of oil in place. ...
Honeywell to Provide Detergent Manufacturing Technologies to Farabi Petrochemical Complex
Saudi Arabia >> 7/17/2017 - Honeywell announces that Farabi Petrochemicals Company will use Honeywell UOP technologies for a new complex in Yanbu to expand its production of biodegradable detergents. The construction of the new ...
Sadara Commissions Amines Plant in Jubail Industrial City
Sadara Commissions Amines Plant in Jubail Industrial City Saudi Arabia >> 7/17/2017 - Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up its Amines plant. The Sadara Amines plant is composed of two separate facilitie...
Iraq Signs Contract with Baker Hughes, GE for Flare Gas Recovery Solution
Iraq >> 7/16/2017 - Following extensive discussions, the Iraqi Ministry of Oil and Baker Hughes, a GE company (BHGE) signed a contract for fast-track solutions to help the recovery of flare gas in line with the country’s...
Israeli Group in Talks to Buy Gas from Greece's Energean
Israel >> 7/16/2017 - Israel's Oil Refineries (ORL) is in talks to by 17 billion cubic meters of natural gas from Greek exploration and production firm Energean. ...
First Phase of Saudi Aramco's Energy Industrial City Complete in 2021
Saudi Arabia >> 7/16/2017 - State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021. Last week, the Saudi government said it approved Saudi Aramco's plans to set...
Saudis Seek Bids for First Utility-Scale Plant for Wind Power
Saudi Arabia >> 7/16/2017 - Saudi Arabia, the world’s biggest exporter of crude oil, moved a step closer toward the construction of its first utility-scale wind-power project. ...
ADNOC & Borealis Sign Agreement to Extend Petrochemical Activities in Ruwais
United Arab Emirates >> 7/16/2017 - The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement, under which the companies will advance two key projects that will expand both ADNOC and Borealis downstream p...
OOCEP Awards Tanker Loading Contract to Marsol
Oman >> 7/15/2017 - UAE-based Marsol International has signed a two-year contract with Oman Oil Company Exploration and Production (OOCEP), the upstream energy arm of Oman Oil Company, for the provision and management of...
Iraq Offers 9 Exploratory Borderline Areas for Development & Rehabilitation
Iraq >> 7/13/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil declared the launching of the exploration & rehabilitation projects for (9) exploration blocks and the borderline onshore & offshore oil fields in ...
Kuwait to Boost Oil-Output Capacity from 2030, Plans Refineries
Kuwait >> 7/13/2017 - Kuwait plans to raise oil-production capacity to as much as 4.75 million barrels a day after 2030 as the OPEC member builds refineries in Asia to process more of its crude, the head of state-run Kuwai...
Saudi Arabia Curbs Oil Shipments to United States
Saudi Arabia >> 7/13/2017 - Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. crude imports from Saudi Arabia averaged...
Saudi Aramco Drilling Co Seen Starting Commercial Operations in Q3
Saudi Arabia >> 7/13/2017 - The Saudi Aramco Nabors Drilling Co (SANAD) joint venture is expected to start commercial operations in the third quarter of this year, Saudi Aramco said in its weekly magazine, the Arabian Sun. *Saud...
$750m Salalah Ammonia Project Nearing Financial Closure in Oman
Oman >> 7/12/2017 - Having nailed down contracts for its $826 million Salalah LPG Extraction Project, Oman Oil Company (OOC) — the wholly government-owned energy investment arm — is now gearing up to deliver its next pet...
Saudis to Cut August Oil Exports to Lowest Level This Year
Saudi Arabia >> 7/12/2017 - Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC p...
Pacts Inked for $826M Salalah LPG Extraction Project
Oman >> 7/11/2017 - Agreements were signed for the implementation of Oman’s first liquefied petroleum gas (LPG) extraction plant with a $826 million investment designed to further unlock the economic and commercial poten...
Qatar Petroleum & Total in JV to Develop Al Shaheen Oil Field
Qatar >> 7/11/2017 - Total and Qatar Petroleum will take over the operatorship of the giant Al-Shaheen offshore oil field for a period of 25 years beginning July 14, 2017. The field produces 300 thousand barrels of oil pe...
Saudi Oil Company Extends Corporate Coreworx Interface Management Contract
Saudi Arabia >> 7/11/2017 - Coreworx Inc. announces that the largest Saudi Arabian oil company has renewed their contract for Coreworx Interface Management for an additional five year term. Used on more than $60 Billion worth of...
Saudi Aramco's Manifa Oilfield Production Hit by Technical Issue
Saudi Arabia >> 7/11/2017 - Output from Saudi Aramco's massive Manifa oilfield has been hit by a technical problem, the International Oil Daily reported, citing unnamed sources. ...
Adnoc Plans IPO of Retail Unit at $14 Billion Value
United Arab Emirates >> 7/11/2017 - Abu Dhabi National Oil Co. is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. ...
Iraq Drills First Well in Huwaiza Oil Field
Iraq >> 7/10/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil confirmed on the keenness of the ministry of oil to develop the associated oil fields with the neighbor countries and the work to invest them perfe...
DNO Spuds Third Peshkabir Well in Kurdistan
Iraq >> 7/10/2017 - DNO ASA, the Norwegian oil and gas operator, announced resumption of appraisal drilling at the Peshkabir discovery on the Tawke license in the Kurdistan region of Iraq following extended testing of th...
Iraq Minister of Oil Orders to Build an Integrated Oil City in Maysan
Iraq >> 7/10/2017 - Within the concerns of the ministry of oil to develop the presented services to the citizens of our dear governorate Maysan. Mr. Jabbar Al-I Hussein Al-Luiebi the minister of oil ordered to build an i...
Oman to Start Processing Gas from Khazzan in Early September 2017
Oman >> 7/10/2017 - Oman will start operating a plant to process gas from the Khazzan gas field early September, the Oman news agency quoted an oil and gas ministry official as saying. The first train has a capacity of 5...
Qatar LNG Flows Unaffected by Crisis
Qatar >> 7/10/2017 - Qatari exports of liquefied natural gas (LNG) remain stable amid ongoing tension between the world's biggest LNG exporter and its neighbors, an executive for Royal Dutch Shell said. ...
Sadara Begins Production of Propylene Glycol Plant
Saudi Arabia >> 7/10/2017 - Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, announced that it has successfully started up its Propylene Glycol (PG) plant. ...
Oil will Continue to Play a Key Role in Global Energy Mix
Oil will Continue to Play a Key Role in Global Energy Mix Saudi Arabia >> 7/10/2017 - The role of oil as a vital source of energy to the world is expected to continue for the long term despite the growth of alternatives, said Amin H. Nasser, President and CEO of Saudi Aramco. ...
ADNOC Unveils New Partnerships to Support its Growth
United Arab Emirates >> 7/10/2017 - The Abu Dhabi National Oil Company (ADNOC) announced the expansion of its partnership model to span the Group’s entire value chain as well as the more active management of its portfolio of assets.
DNO Reports Payment for Tawke Deliveries
Iraq >> 7/6/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 40.66 million from the Kurdistan Regional Government as payment towards April 2017 crude oil deliveries to the export market from t...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 7/6/2017 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $13.38 million from the Kurdistan Regional Government (‘KRG’) for oil sales during April 2017. Genel’s net s...
OTTCO Signs Usufruct Agreement to Develop Ras Markaz Crude Oil Storage Terminal
Oman >> 7/6/2017 - The Special Economic Zone Authority at Duqm "SEZAD" has granted Oman Tank Terminal Company LLC "OTTCO" a Usufruct Right to construct Ras Markaz Crude Oil Storage Terminal. Oman Tank Terminal Company L...
Aramco, Dussur, and Hyundai Heavy Industries Sign MOU for Engine & Pump Cooperation
Saudi Arabia >> 7/5/2017 - Saudi Aramco, Dussur – the Saudi Arabian Industrial Investments Company, and Hyundai Heavy Industries (HHI) announced a Memorandum of Understanding (MOU) to jointly collaborate on engines and pumps bu...
Siemens to Supply Power Train for Sabiya Power Plant in Kuwait
Kuwait >> 7/4/2017 - Siemens has won an order to supply the key power generation equipment for the Sabiya Extension 3 combined cycle power plant in Kuwait. The contract was awarded by the plant owner, the Ministry of Elec...

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