The storage terminal is located at the Ras Markaz on the southern coast of Oman. It is developed by Oman Tank Terminal Company (OTTCO), a subsidiary of OQ — the national integrated energy group.
Net debt dropped to $32.7 billion. BP declared it would start a $1.4 billion payback from its H1 surplus cash flow.
China National Offshore Oil Corp (CNOOC) announced that Liuhua 16-2 oilfield cluster, China's first independent deep-water oil and gas project, operates at its full capacity in the South China Sea.
Iranian President Hassan Rouhani has inaugurated several major gas projects in South Pars region.
Mubadala Petroleum company announced that it has succeeded in reducing 25% of Greenhouse Gas emissions during the last three years.
Santos and Oil Search companies have reached to an agreement on the merger ratio mentioned in the Revised Merger Proposal.
The director of engineering and construction at the National Iranian South Oil Company (NISOC), Ebrahim Piramoun, announced that the implementation of the company’s desalination plant reached more than 90% and is expected to start operation in the current Iranian calendar year ends on March 2022.
Petronas company announced that it achieved the first oil production from the East Cendor field in Block PM304 which is located 140 km offshore Peninsular Malaysia.
Libyan National Oil Corporation announced that it has achieved net revenues exceeds $2.13 billion in June.
The Kuwait Oil Company (KOC) has inked two new deals to treat the soil polluted by crude oil during the Iraqi occupation in the northern and southern areas of the country.
