KOTC Pledges to Enhance Gas Cylinders Safety
Kuwait Oil Tanker Company (KOTC) has created a plan to prevent possible hazards caused by the misuse of three million gas-cylinders currently in use across the local market.
News / International
UAE to Launch New Gas-Fired Power Plant
The UAE Federal Electricity and Water Authority (FEWA) is cooperating with the Emirates Water and Electricity Company (EWEC) to launch a new gas-fired power plant, according to the Emirati Minister of Energy and Industry, Suhail Al-Mazrouei.
Aramco to List 1% Stake on Tadawul before Year-End
Saudi Aramco is planning to list 1% of its shares on the Saudi Stock Exchange (Tadawul) before the end of 2019, and then another 1% stake next year.
Libya’s Oil Revenues Reach $14.3 B
Libya has achieved a total of $14.3 billion (LYD 20.2) in oil revenues during the first eight months of the year, as shown by the most recent data of the Central Bank of Libya (CBL).
First Gas Announced in Algeria’s Touat
Neptune Energy and Sonatrach announced first gas export production from the Touat gas development in Algeria.
NPCC Signs Two MoUs with Chinese Energy Firms
The UAE’s National Petroleum Construction Company (NPCC) has signed memoranda of understanding (MoUs) with two leading Chinese energy entities.
Iraq Vows to Cut Oil Output
Iraq will reduce crude oil production levels starting from October, according to the Iraqi Minister of Oil, Thamer Ghadhban.
OPEC to Discuss New Output Deal Metrics
The Organization of the Petroleum Exporting Countries (OPEC) may consider new metrics for the global oil output cuts.
Aramco Close to Announcing IPO Managers
Saudi Aramco is expected to give lead roles to JPMorgan Chase, Morgan Stanley, and National Commercial Bank (Al-Ahli NCB) for its planned initial public offering (IPO).
Meeting Energy Demand Needs $11 Trillion: ADNOC CEO
The long-term outlook for the global energy demand remains robust, according to the UAE Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC), Sultan Al-Jaber.
