Friday 26 August 2016

Saudi Arabia to discuss energy ties with China, Japan

Saudi Arabia, the world's top oil exporter, plans to discuss energy cooperation agreements with China and Japan, the Saudi cabinet said on Monday. "The cabinet has approved to delegate a number of ministers to discuss with the Chinese side the following projects: a memor


PTTEP to sell Oman 44 project to ARA Petroleum

Thailand's largest oil and gas explorer, PTT Exploration and Production said it will sell its Oman 44 natural gas project to ARA Petroleum LLC in a shift in investments in the Middle Eastern country.   PTTEP, the upstream flagship of state-controlled PTT, Th


Iraq exports more cargoes of LPG, condensates

Iraq exported two new cargoes of liquefied petroleum gas and one cargo of gas condensates, the oil ministry said in a statement.   The shipments were exported from the southern ports, on the Gulf, it said.   The Opec nation this ye


Iran to start using new oil and gas contract

Iran's Vice President Eshaq Jahangiri has told the oil and finance ministries to start using the approved new draft for the Iran Petroleum Contract (IPC) for oil and gas deals, the Oil Ministry's news agency Shana reported on Monday. The launch of the IPC has been postpon


Seven firms bid for Duqm terminal contract

Seven international firms have submitted final bids for the Phase One development of the bulk liquid terminal at the Port of Duqm in Oman, a report said. The $1-billion project is a key component of the infrastructure being developed by the Omani government to support the growth


Qatar set to launch next phase of $2bn power project

Qatar will launch the next phase of its $2 billion power transmission and distribution project by the end of September, a report said. The ‘Qatar Power Transmission System Expansion-Phase 13’ is expected to be completed by the fourth quarter of 2018, according to


Oil falls as August price rally seen as overblown

Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-per cent crude rally looks overblown. Soaring exports of refined products from China


Iraq to raise flows on Turkey pipeline to 150,000 bpd

 Iraq plans to double the volume of crude it pumps via a pipeline to Turkey to its normal rate of 150,000 barrels per day (bpd) next week, an official at state-run North Oil Company said.   The company, which reports to the oil ministry in Baghdad, resumed


Iran plans to ship LNG to Europe

Iran has revealed plans to export gas to Europe, said a senior official recently in a report. Iran’s main objective is to transfer the product in the form of liquefied natural gas (LNG), Oil Minister Bijan Namdar Zanganeh, was quoted as saying in an Iran Daily News report,


Dewa awards two key consultancy contracts

Dubai Electricity and Water Authority (Dewa) has awarded consultancy contracts for two key projects aimed at meeting the UAE emirate's power and water needs. Dewa has awarded a contract for the advisory services to develop the fourth phase of the Aweer Power Station ‘H’

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