Dana Gas Approves 5.5 Fils Cash Dividend
Shareholders at Dana Gas, the Middle East’s largest private sector natural gas company, announced its decision to distribute AED 5.5 fils per cash dividend for the 2019 financial year.
News / International
Qatar Petroleum Announces Integration of SEEF
State run Qatar petroleum (QP) has announced the successful integration of Petrochemical company SEEF Limited (SEEF).
Oman’s SOHAR Port Joins SEA-LNG
Sohar Port and Freezone (SOHAR) has announced its membership as the first Middle Eastern member of SEA-LNG, a multi-sector industry coalition created to accelerate the widespread adoption of liquefied natural gas (LNG).
Saudi Arabia Ready for Long Term Cooperation with Russia
Saudi Arabia and Russia confirmed their commitment to implement the OPEC agreement of limiting production to 9.7 million barrels per day (mmbbl) for the coming two years.
95% of Repairs Completed on South Pars Gas Field
Iran’s South Pars gas field has completed 95% of proposed repairs during the Iranian calendar year just gone.
Saudi Arabia Crude Oil Exports Falls to 7.2 mmbbl in February
Saudi Arabia’s crude oil exports in February slipped to 7.2 million barrels per day (mmbbl) from 7.29 mmbbl in January.
No Reduction in Workforce for Oman’s Oilfield Sector
So far mass redundancies in the Omani oilfield industry have been avoided by the Ministry of Manpower.
Kurdistan Reaches Agreement With Iraq to Cut Production
The Kurdistan Regional Government (KRG) and the federal Iraqi government have come to an agreement to cut oil output in line with a new deal between top oil producers to lower global supply.
Algeria’s Sonatrach signs MoU with ExxonMobil
Algerian state-owned Sonatrach has signed a Memorandum of Understanding (MoU) with America’s ExxonMobil Corporation to pave the way for talks on exploration opportunities in Algeria.
APICORP to Increase Callable Capital to $8.5 B
Development bank Arab Petroleum Investments Corporation (APICORP) has announced the ratification for an increase in callable capital from $1 billion to $8.5 billion.
