Monday 22 September 2014

Libya's oil production falls to 700,000 bpd

Libya's oil production has fallen to 700,000 barrels a day, a spokesman for the state-run National Oil Corp (NOC) said.   NOC had last reported output at 870,000 bpd a week ago.   The El Sharara oilfield and the Zawiya refinery


China crude imports from Iran drop nearly 30pc on year

Chinese imports of crude from Iran fell nearly 30 per cent from a year earlier to the lowest since October 2013, with Tehran's largest oil client reducing shipments from high levels in recent months as at least one regular buyer went through a planned overhaul.  


Fighting close to Libyan oilfield and refinery

Soldiers and police have clashed in the last few days near Libya's biggest El Sharara oilfield in the south, while separate fighting erupted in the west not far from the Zawiya refinery, residents and medics said.   The violence came as video eme


Bapco set to launch fuel cards drive

A new campaign that targets 80,000 Sadeem smart fuel cards being issued by the end of the year is lined up by Bahrain Petroleum Company (Bapco). The nine-day campaign will be launched at Bahrain City Centre, the petroleum refiner and fuel retailer said. The campaig


Iraqi oil production at West Qurna-1 at 360,000 bpd

Oil production at southern Iraq's West Qurna-1 field is running at a rate of 360,000 barrels per day (bpd) due to problems with low levels of water injection to boost production, the head of the joint management committee said.   Madhi Abdul Razzaq told Reut


Oryx GTL achieves landmark safety benchmark

Oryx GTL, a joint venture of Qatar Petroleum and South Africa’s Sasol, has celebrated yet another world-class safety milestone with a high-profile ceremony held under the patronage and in the presence of Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry. 


Taqa appoints Shamsi as VP of treasury

Abu Dhabi National Energy Company (Taqa) has appointed Suhail al-Shamsi as group vice president of treasury and member of the company's global management team, it said on Sunday. Shamsi, who joined Taqa in 2010, takes over the role from Ryan Wong, who was promoted to acting c


Bahrain tests solar-powered street lighting

Bahrain’s Electricity and Water Authority (EWA) is currently monitoring a test phase, involving 20 solar panel-equipped lights to evaluate the project's feasibility, a report said. Designed to operate independently from each other and the national power grid, each stree


Safi Energy seals $2.6bn loan for power plant

Safi Energy Company, a joint venture of Morocco's Nareva, France's GDF Suez and Japan's Mitsui, has sealed $2.6 billion in financing to build a 1,386-MW coal-fired power plant in southern Morocco, the state news agency Map reported. The plant, to be built in the coast


Western firms win key Egypt oil, gas blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta. The agreements cover seven exploration ar

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