ADNOC Renews Storage Deal with Japan
The Abu Dhabi National Oil Company (ADNOC) renewed and expanded an agreement with Japan to store and trade crude in Asia’s second-biggest economy.
News / International
Sound Energy To Build New Natural Gas Pipeline
Sound Energy, the Moroccan-focused upstream company, is set to build and operate a 120 kilometers (km), 20-inch natural gas pipeline.
Lebanon Extends Deadline for Oil, Gas Exploration Licensing Round
Nada Boustani, Lebanon’s Energy Minister, announced on January 13 that the deadline for submitting the applications in the second licensing round for oil and gas exploration has been extended.
Crescent Petroleum to Reduce Gas Flaring
Crescent Petroleum is seeking to further reduce its already low levels of gas flaring from operations. The company’s strategy is based on implementing plans to eliminate the use of all single-use plastics.
Iran to Lead the Middle East in Pipeline Additions
Iran is expected to be a leading country in the Middle East's oil and gas sector when it comes to new-build trunk/transmission pipeline length additions.
Saudi Aramco’s SAEV Expands to the Asian Market
Saudi Aramco Energy Venture (SAEV), a subsidiary of Saudi Aramco, plans to launch a new fund. The new fund has reached around $500 million, according to SAEV CEO, Majid Mufti, who revealed that the venture capital firm opened an office in Beijing.
ADNOC Signs Three Deals with Indonesian Companies
The Abu Dhabi National Oil Company (ADNOC) signed three deals with Indonesia’s Pertamina and Chandra Asri.
Apicorp Anticipates Petrochemical Investments’ Value in 2019-2023
According to the Gas Investments Outlook 2019-2023 released by the Arab Petroleum Investment Corporation (Apicorp), petrochemical investments in the Middle East and North Africa (MENA) region are expected to drop by $70 billion over the upcoming five years.
Iraq, China Oil Exports to Increase to 300,000 BBL/D
Iraq plans to raise its crude oil exports to China to reach 300,000 barrels per day (bbl/d), according to Mudher Saleh, Iraq’s Financial Advisor.
Kuwait’s Neutral Zone Oil Production to Reach 250,000 BBL/D
Kuwait’s Minister of Oil, announced that production from the Neutral Zone is expected to reach 250,000 barrels per day (bpd).
