Siemens Nears Billion-Dollar Energy Generation Deal in Iraq
Siemens is reportedly close to agreeing a deal worth up to $10.6 billion to supply energy generation and power transmission technology to Iraq.
News / International
ENOC Stockpiles Jet Fuel Ahead of Iran Sanction Deadline
Emirates National Oil Company (ENOC) has reportedly chartered at least one vessel to store jet fuel as a measure to ensure supply to airlines in Dubai ahead of the US sanctions on Iranian energy trade, set to take full effect on November 4, which disrupt access to feedstocks used in the production of aviation fuel.
ADNOC’s Ruwais Refinery Reaches Full Propylene Production
Production of polymer-grade propylene at Abu Dhabi National Oil Company's (ADNOC) newly-commissioned Propane Dehydrogenation (PDH) unit at the Ruwais refinery complex has reached full capacity.
ACWA Power IPO Delayed: Sources
Saudi Arabia’s ACWA Power has reportedly delayed its plans for an initial public offering (IPO), originally expected for later this year.
OPEC non-OPEC Producers Won’t Increase Oil Output: Sources
A meeting between allied OPEC and non-OPEC oil producers to be held on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June.
Libya Accepts UN Recommendations on Illegal Oil Exports
Libyan state-owned National Oil Company (NOC) has welcomed the UN Security Council's (UNSC) recommendations regarding the illegal export of oil by authorities in the east of the country.
New Pricing Structure Impacts Omani Oil Profits
All three fuel marketing companies working in Oman - Oman Oil Marketing, Shell Oman, and Al Maha - have warned that a new pricing structure adopted by Omani Authorities earlier this year has begun to impact profits.
Algeria Crude Exports Down 2.8% in Q1 2018
Algeria’s oil and gas exports fell 2.8% year-on-year (YOY) in Q1 2018 due to higher domestic consumption and lowered production.
Mubadala to List 25% Cepsa Stake
Abu Dhabi’s investment company Mubadala plans to list 25% of Spanish oil company Cepsa, of which it owns 82.5%, in an initial public offering (IPO).
Saudi Nuclear Program “Fundamental to Energy Sector”: Energy Minister
Saudi Arabia’s nuclear program is fundamental to the development of a sustainable energy sector, Saudi Energy Minister Khalid al-Falih told the International Atomic Energy Agency on September 17.
