Kuwait Hopes to Resolve the Neutral Zone Issue
Khaled Al Fadhel, Kuwait’s Minster of Oil, expressed his hopes to resolve the Kuwait-Saudi Arabia Neutral Zone issue by the end of 2019.
News / International
Iran Invests $1.5 B in the National Gas Grid.
Bijan Zangeneh, Iran’s Oil Ministry, is investing $1.5 billion on the completion of the national gas grid in remote regions bordering Pakistan.
Morocco, Djibouti Sign Cooperation Agreement
Signing the agreement would help foster cooperation between the two countries in the fields of energy, mining and geology. Moreover, it would provide an interaction platform for stakeholders and investors in these sectors.
Saudi Crude Oil Exports Reach its Highest Level in October
Saudi Arabia’s crude oil exports have significantly increased by around 388,000 barrels per day (b/d) to reach 7.057 million barrels per day (mmbbl/d) in October, up from 6.669 mmbbl/d in September.
NIOC to Sell Condensates for $6/Barrel
The National Iranian Oil Company (NIOC) plans to offer crude oil and condensates for a considerable discount.
Tendrara Exploration to Cover 30% of Morocco’s Natural Gas Needs
The Moroccan Minister of Energy, Mines and Sustainable Development, Abdelaziz Rebbah, has announced that the recently discovered natural gas in Tendrara is anticipated to cover up to 30% of Morocco’s natural gas needs.
Bahrain Announces Oil Deal Details
Bahrain is set to receive an initial $2 million with the production commencement at a newly discovered oil and gas field off the northern coast.
Saudi Aramco Acquires 17% Stakes in Hyundai Oilbank
Saudi Aramco has completed acquiring 17% stakes of South Korea's Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion.
Oman Oil, Orpic Group Launches New Brand ‘OQ’
Under the patronage of Oman's Oil Minister, Mohammed Al Rumhi, Oman Oil and Orpic Group announced integrating nine core businesses under a new brand identity; named ‘OQ’.
Jordan to Boost Natural Gas Production to 3 mcf/d
According to Hala Zawati, the Jordanian Energy and Mineral Resources Minister, Jordan could produce up to 3 million cubic feet per day (mcf/d) of natural gas after a successful well (Well 49) testing in the Risha field.
