NIOC Plans Future Oil Projects
National Iranian Oil Company (NIOC) plans to implement new oil projects in the near future according to high ranking official Karim Zobeydi.
News / International
Abu Dhabi Ports, ACT Sign Agreement to Build Bulk Liquid Storage
Abu Dhabi Ports has signed a strategic agreement with Saudi Arabia based Arabian Chemical Terminals (ACT) to build the first greenfield commercial bulk liquid storage terminal in Emirates at its flagship, deep-water Khalifa Port.
Oman Standard Petrol Production Declines 25% in January
A data released from the Omani National Center for Statistics and Information (NCSI) demonstrated that the production of standard grade petrol (M-91) by Omani refineries has declined by 25% at the end of January 2020, down to 1.04 billion barrels compared to 1.39 billion barrels January 2019.
BlackRock Pulls Out of Race For a Share in ADNOC’s Gas Pipeline – Report
American investment management company BlackRock Inc is no longer in the race for investment in ADNOC’s natural gas pipeline.
Inpex to Lift More Abu Dhabi Equity Oil
Japan's largest upstream company Inpex is expected to lift more Abu Dhabi equity oil in April in line with the United Arab of Emirates' (UAE) policy of increased oil production of up to 4 billion barrels per day (bbl/d).
SNOC Awards $40 Million Gas Storage to Petrofac
Sharjah National Oil Corporation’s (SNOC) $40 million Moveyeid gas storage surface facility project has been assigned to Petrofac Facilities Management International.
Companies Make Initial Bids For ADNOC $15 B Stake
BlackRock Inc, KKR & Co. and Italian infrastructure operator Snam S.p.A. are among others that have made bids to claim a stake of Abu Dhabi National Oil Company’s natural gas pipeline.
Zamil Shipyards, KenzFigee Sign MOU for Saudi Offshore Equipment
Zamil Shipyards, which is a part of Zamil Offshore Services Company, and KenzFigee have signed a memorandum of understanding (MoU) for providing offshore crane services and local construction of KenzFigee offshore cranes and equipment in Saudi Arabia.
Sonatrach to Decrease Planned Investment by 50%
Algerian President Abdelmadjid Tebboune has demanded that state energy firm Sonatrach decrease their planned investment by 50% from $14 billion to $7 billion.
Jordan to Obtain Maximum Oil Quantities from Iraq
The Jordanian Minister of Energy, Hala Zawati, announced in a statement that the ministry has arranged with the Iraqi side to raise the number of shipments to receive the full amount that the two sides had contracted to transfer during March 2020 as precautionary procedures.
