News / International

Iran to build 3 new petrochemical complexes

TEHRAN - A contract has been inked for the construction of three petrochemical complexes, valued at one billion euros, the deputy petroleum minister for petrochemical affairs announced here on Tuesday.

BP celebrates new Shah Deniz find

UK supermajor BP has made a major gas-condendate discovery at Azerbaijan's Shah Deniz field in the Caspian Sea.

Dolphin Energy invites tender for Taweelah-Fujairah project

Dolphin Energy Limited has issued Invitation to tender‚ documents for the design and build of the Taweelah to Fujairah Gas Pipeline Project. The Taweelah to Fujairah Gas Pipeline (TFP) will be 48 inches in diameter and over 240 kilometres in length -- one of the longest and largest overland pipelines in the UAE.

Kurdistan unveils new oil deals

Iraq's Kurdish region has signed seven new oil and gas contracts with international companies, awarded four more to a new state-owned company and revised the terms of old deals, the Kurdish government said.

Saipem Inks Euro 285 Million Onshore Contract in Algeria

Saipem has been awarded a contract to lay a pipeline for transporting LPG (Liquefied Petroleum Gas) from the central Algerian gas field at Hassi R'mel to the oil export area of Arzew, in northwestern Algeria, on the Mediterranean coast. The contract is worth 285 million euro.

OPEC “basket” price passes 90-dollar mark

OPEC's basket price of crude oil, based on production in 12 different countries has passed the 90-dollar mark for the first time, the cartel said Thursday.

PetroChina becomes world’s largest listed company

PetroChina, China's largest oil and gas producer, replaced Exxon Mobil as the world's largest listed company by market value as its share price surged 163% to close at 43.96 yuan on its first day of trading on the Shanghai Stock Exchange.

Oman Refinery Company signs MoU with Japanese centre for research project

Oman Refinery Company (ORC) has signed a memorandum of understanding with Japan Cooperation Centre for Petroleum (JCCP) to jointly conduct a research project titled, "Process and Operational Improvement in Mina Al Fahal Refinery".

Iran-Turkey gas pipeline construction to cost $5b

TEHRAN - It will cost Iran $5 billion to construct the pipeline that carries its gas to Turkey and Europe, said the deputy petroleum minister for gas affairs here on Saturday.

OPEC International Oil Exhibition and Ministerial Symposium to Kickoff OPEC Summit Week

OPEC Member states to showcase best of their oil services as top officials meet for Symposium

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