Emerson Signs Modernization Contract with Sonatrach
Emerson and Fores Engineering has signed a $32 million modernization contract with Algerian state-owned Sonatrach for its gas processing plant in Alrar.
News / International
China’s Sinopec Signs Crude Supply Deal with Kuwait for 2019
Chinese oil major Sinopec has signed a 2019 annual deal to purchase crude oil from the Kuwait Petroleum Corp (KPC) on October 8.
Sonatrach Signs Contract with Maire Tecnimont for Algeria LPG Train
Algerian state energy firm Sonatrach has signed a contract with Italy’s Maire Tecnimont for the LPG Train 4 - ZCINA Hassi Messaoud project in Algeria.
EU to Create SPV to Evade Iran Sanctions: French Minister
France will push to create the necessary mechanisms to allow EU countries to maintain trade with Iran following the re-introduction of US sanctions on November 5.
Oman’s PDO to Start Production from Rabab Harweel in 2019
Petroleum Development Oman (PDO) will start production from its Rabab Harweel Integrated Project (RHIP), the company’s largest ever, in late 2019.
Qatar to Pay $4.23B for Stake in Russia’s Rosneft
The Qatar Investment Authority (QIA) sovereign wealth fund will pay roughly $4.23 billion for a half of 14.16% stake in Rosneft, the Russian oil giant announced on November 6.
Minister: Iraq to Increase Oil Output and Exports
Iraq is planning to increase its output and exports of crude in 2019, Iraqi Oil Minister Thamer Ghadhban has said.
PetroChina Signs Supply Agreements with Saudi Aramco and KPC
PetroChina signed 2019 crude supply agreements with Saudi Aramco and Kuwait Petroleum Corporation at the China International Import Expo in Shanghai.
Fifth Kuwaiti Refinery Cost Estimated at $5-$6B
Kuwait’s fifth refinery will cost between $5-$6 billion, Kuwait Integrated Petroleum industries Company revealed.
Lebanon to Start Gas Exploration by 2019-End
Lebanon is expected to start exploring for natural gas by the end of 2019 through a consortium led by French oil major Total, second vice-governor of Lebanon’s central bank, Saad Andary, revealed at a press conference.
