Kuwait has signed a memorandum of understanding (MoU) with Chinese oil major Sinopec for the construction of an oil refinery in the south of China, the Kuwait Oil Ministry announced on October 25.
Italian oil services company Saipem expressed its commitment to Saudi Arabia and mentioned its plans to take part in a series of tenders offered by the company.
Saudi Aramco announced that it has signed 15 preliminary deals and strategic and commercial collaborations worth more than $34 billion.
Qatar plans to boost its liquified natural gas (LNG) production capacity to 110 million metric tons per year (mt/year) by 2024, an increase of roughly 43%.
Saudi Arabian Energy Minister stated that the Kingdom does not plan to impose an oil embargo akin to that of 1973 in response to predictions that it may cut its supply of crude for global markets by 500,000 barrels.
The Libyan National Oil Company (NOC) will provide all support to Libyan charter airline Petro Air by prioritizing its use in the NOC’s activities and services to ensure its air transportation market share, NOC chairman Mustafa Sannallah stated.
Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME) for the first time since January.
Bahrain-based engineering and infrastructure company Downtown Group announced that site preparation work for implementation of Package A of the Bapco Modernization Program (BMP) is complete.
Iraq has signed an agreement with General Electric to develop the country’s power infrastructure.
Malaysian Petronas is close to buying a 10% stake in Oman’s al Khazzan gas field from the state-owned Oman Oil Company.
