Qatar Petroleum Acquires Stakes in Mozambique’s Offshore Field
Eni will own 34% of the block while Sasol and Qatar Petroleum will own 25.5% each and ENH will hold the remaining 15%.
News / International
Bahrain Modernizes Bapco Refinery
The modernization project represents the needed value added to the oil ministry as it paves the way to increase the ministry’s contributions to the national development.
Iran to Launch Pars Field Development Phases
South Pars has a production capacity of around 110 mcm/d.
Jordan’s Ministry to Announce First Solar Energy System Beneficiaries
Since the Jordanian government announced the initiative of installing 2-kilowatt solar energy systems in March of 2018, the ministry received around 2,495 applications.
Sonatrach in Talks with Chevron for Hydrocarbon Investment Opportunities
Algerian Sonatrach began on March 10 negotiations with the US oil company Chevron to invest on hydrocarbon projects in Algeria.
Bahrain to Begin Shale Oil Production
Bahrain began the first shale oil well drilling a few months ago.
Saudi Arabia Discovers Gas Fields in Red Sea
Saudi Aramco will carry out feasibility studies to determine the exploration possibilities in this area during the upcoming two years.
Iran’s Karoun Oilfield Output Increases
The production from Iran’s West Karoun oilfields have increased, reaching 300,000 b/d.
El Sharara Oilfield Pumps 180,000 b/d
The 315,000 b/d field had been restarted as the Libyan NOC announced on March 4th.
UAE to Continue Oil Supply Cuts
The UAE plans to continue crude oil supply cuts until the market is re-balanced again.
