Saturday 26 July 2014

Taqa Arabia to expand its fuel stations network

Qalaa Holdings (formally Citadel Capital) has announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa Oil Marketing Company. The company currently offers comprehensive services with the highest levels of quality, t


PSIL names global sales director; eyes ME expansion

UK-based Process Systems International Limited (PSIL), one of the world's leading developers of specialist pump engineering for the energy and chemicals sectors, has appointed experienced global business development professional Darren Cowley as sales director as it pushes for significant g


Algeria's Sonatrach replaces CEO

Algeria's state energy company Sonatrach has replaced its chief Abdelhamid Zerguine with vice president for production Said Sahnoun, a senior Sonatrach source told Reuters on Saturday. The source, who asked not to be identified, gave no details, but Sonatrach is under pressur


KBR wins key Abu Dhabi oil filed contract

KBR, a global engineering, construction and services company, has annnounced that has been awarded a contract by Hyundai Heavy Industries to perform engineering design services for the Abu Dhabi Marine Operating Company's Al-Nasr full field development project, located offshore Abu Dhabi.


Iraqi Kurdish oil nears US port despite concerns

A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a US port, according to ship tracking satellites, despite Washington's long-standing concern over independent oil sales from the autonomous region. &n


India pays final tranche of oil dues to Iran

India paid a third and final instalment of $550 million to Iran on Thursday, three industry sources said, part of the frozen funds released to Tehran in the interim deal with world powers.   Under a pact reached in November,


Taqa pulls out of $1.6bn India power deal

Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday. The official, who declined to be named under briefing rules, did no


Egypt to pay-off all foreign oil firm arrears by 2017

The Egyptian government has planned to pay-off all of its arrears to foreign oil firms by 2017, said a report.   Its previous plan was to pay EGP21 billion ($3 billion) out of a total of EGP42 billion by that time, said the


Iraq approves $600m oil depot deal with CPP

Iraq's cabinet said it had approved a $607 million contract with China Petroleum Pipeline (CPP) for the construction of an oil storage depot near its Nassiriya oilfield in the south of the country. The oil ministry delayed last month an international tender for the developmen


Syria crisis cost its oil sector $23.5bn

Syria's oil sector has lost around $23.5 billion due to damage to facilities and pipelines, looting and production delays since the start of the country's crisis in 2011 and output has fallen sharply, Syria's oil minister said. Syria is not a significant oil producer

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