ADNOC to Spend over $4.9B Locally in 2018
The Abu Dhabi National Oil Company (ADNOC) will increase its In Country Value (ICV) spending on local goods and services to more than $4.9 billion in 2018.
News / International
Oil Prices Plunge $20 since October
Oil prices have dropped by more than $20 since October, falling to $66.5 per barrel from a peak of $86.7.
Qatar names Kaabi as new head of OPEC delegation
Qatar has named Saad al-Kaabi as the head of its OPEC delegation, replacing Mohammed al-Sada, OPEC announced on its website on November 14.
ADNOC to Invest $1.4B in Bu Hasa Field
ADNOC announced on November 14 that is plans to invest $1.4 billion to upgrade and expand its onshore Bu Hasa field.
Qatar Sells January Crude at Lowest Premium in 8 Months
Qatar Petroleum (QP) has sold three shipments of Shaheen crude oil for January loading at the lowest average premium in eight months of $0.34 a barrel to Dubai quotes.
Iraq Forms Committee to Discuss Resumption of Kirkut Oil Exports
A newly-formed committee of experts are due to visit the Iraqi parliament to address the resumption of oil exports from Kirkuk through the Kurdistan region.
ADNOC Sign Gas Framework Agreement with Uzbekneftegaz
ADNOC has signed a framework agreement with Uzbekistani joint stock company gas Uzbekneftegaz to provide upstream and downstream strategic advice.
Saudi Aramco, ADNOC Sign Strategic Gas Agreement
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) signed on November 14 a strategic agreement for collaboration opportunities in the natural gas and liquefied natural gas (LNG) sector.
ADNOC Plans Major Refining and Gas Expansion
The Abu Dhabi National Oil Company (ADNOC) plans to compete with oil giants through refining and gas expansions.
Saudi Aramco IPO will ‘Certainly’ Happen: CEO
Saudi Aramco chief executive Amin Nasser has said that the delayed initial public offering (IPO) of the state oil giant will “certainly” happen when conditions are right.
