South Pars Phase 14 Refinery to be Operational by June 2021
South Pars gas field phase 14 refinery is set to be fully operational by the end of Iran's next calendar year (June 21, 2021).
News / International
Saudi Arabia Sells Crude to Belarus for First Time
Belarus’ state refiner Beleneftkhim has purchased its first batch of crude from the Kingdom of Saudi Arabia.
Gas Pipeline Reopens in Libya
The General Electricity Company of Libya (GECOL) announced that the Sidi Al-Sayeh gas pipeline has reopened.
KOTC Receives Shegardiah Oil Tanker
The Kuwait Oil Tanker Company (KOTC) received the Shegardiah oil tanker from South Korean manufacturer Hyundai Mipo Dockyard on April 28.
Lebanon Extends Deadline for Second Licensing RoundÂ
The Lebanese Petroleum Association (LPA) has extended the deadline for submissions of the second Licensing Round Applications to April 30.
Oil Producers to Cut Oman’s Production by 200,000 bbl/d
Oman is preparing to slash oil output during May and June which will see the Sultanate reduce its production by 201,000 barrels per day (bbl/d).
Unsuccessful Drilling Results in Lebanon
Preliminary drilling results in Lebanon’s Block 4 came back negative for the existence of a gas reservoir.
Brooge Energy Delays Issuance of Dividends
Brooge Energy Limited, a midstream oil storage and service provider in the UAE, has announced delay in issuance of dividends due to the market uncertainty.
BP Profits Drop to $0.8 B in Q1 2020
BP announced that it recorded a drop in its underlying replacement cost profit for Q1 2020 to $800 million, down from $2.4 billion in the same period in 2019.
ADNOC, ADPower Issue Joint Tender to Develop Sub-Sea Transmission Project
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) announced issuing a joint tender for developing and operating the high-voltage, direct current (HVDC) sub-sea transmission system
