Bahrain Considers Selling Oil Assets
Bahraini Oil Minister, Mohammed bin Khalifa, announced that there is a probability of transferring some of its oil and natural gas assets into a proposed state-run fund to sell shares to investors.
News / International
Iraq’s Oil Revenues Increase to $5 Billion
Iraq's oil revenues surpassed $5 billion in February through exporting more than 98 million barrels of crude oil (mmbbl).
South Pars Gas Output Adds 500 mcf
South Pars' SPD-24B platform added 500 million cubic feet (mcf) of gas, after it started transferring sour gas to onshore refineries, said Ali-Asghar Sadeqi, the Deputy Operator of South Pars Gas Field 22-24 Phases
Jordan Receives 290,000 bbl From Iraq
Hala Zawati, Jordan’s Minister of Energy that in February 2020 they received approximately 290,000 barrels of crude oil at a rate of 10,000 barrels per day (bbl/d) from the Jordan Petroleum Refinery Company.
NIOC Drills Nine Exploratory Wells
National Iranian Oil Company (NIOC)’s Exploration Directorate drilled nine exploratory wells with a total depth of 13,281 meters in the current Iranian calendar year (ends on March 19).
Aramco Seals Rights to Majority Stake in SABIC
Saudi Arabia’s Aramco has secured unconditional clearance from the European Commission to obtain a majority stake in SABIC.
ENOC’s Energy-Efficient Station Reaches a Milestone
Emirates National Oil Company’s (ENOC) LEED Gold certified service station has completed 40% of its construction and will be open to the public in June,
Kuwait to Raise Production to 4 MMBBL/D by 2040
Kuwait commenced operations in the country's largest heavy oil project, located in the north, under the framework of raising its production capacity to 4 million barrels per day (mmbbl/d) by 2040.
Saudi Aramco Signs 66 MoUs during iKTVA
Saudi Aramco has managed to sign 66 memoranda of understanding (MoUs) with several international companies valued at more than $21 billion during Aramco’s in-Kingdom Total Value Add (iKTVA) Program.
ADNOC to Expand CCUS Program
His Excellency Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) CEO announced that the company is expanding its carbon capture utilization and storage (CCUS) program.
