Iraq’s Basra Gas Launches New Growth Program
The program will capture flared gas from three major oilfields, namely Rumaila, West Qurna 1 and Zubair, and then convert it into dry gas for power generation in the domestic market and exporting.
News / International
ADNOC Distribution Profits Rise 18%
ADNOC Distribution reported an increase in net profits by 18% to AED 2.128 billion by the end of 2018
Saudi Aramco, Total Ink JV Agreement to Develop Saudi Retail Network
The JV will be equally-operated by the two companies through an investment of around $1 billion over the next six years
Marubeni to Build 105 MW-Solar Powered Plant in Oman
Marubeni Corporation, which leads a Japanese-Omani consortium, was selected by Petroleum Development Oman (PDO) to construct a 105 megawatt (MW) solar-powered plant in Oman.
Eastern Libyan Forces Take Over El Sharara Oilfield
The Eastern Libyan National Army (LNA), following Libyan Commander Khalifa Haftar, took over the closed Sharara oilfield on February 6.
ADNOC Awards $1.36 B Construction Contract to NMDC
The Abu Dhabi National Oil Company (ADNOC) announced awarding a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha concession to the UAE’s National Marine Dredging Company (NMDC).
Greece, Italy Halt Buying Iranian Oil
Iran criticized Greece and Italy for not buying Iranian oil without giving any explanations despite US waivers.
Eni to Invest in Iraq’s Zubair Oil Field
Italian giant Eni is looking for future investments opportunities at Iraq’s Zubair oil field to increase the production track.
Iraqi Genel Discovers Oil at Taq Taq Field
The well, located in Iraq’s Kurdistan Region, has been linked to the production phase with an initial capacity of around 3,100 b/d.
MENA Paves the Way for Dubai’s First Solar-Powered
The first solar-driven hydrogen electrolysis facility in the Middle East and North Africa (MENA) will be carried out in collaboration with DEWA, Expo 2020 Dubai, and Siemens.
