The Iraqi Ministry of Electricity has signed a reconstruction agreement with Siemens to boost the country’s economic development including adding 11 gigawatts of power generation within the next four years.
Iraq aims to produce 7 million barrels per day (b/d) of oil and export 4 million b/d in 2019 through its newly-established National Oil Company, Oil Minister Jabar al-Luaibi announced on October 20.
The Libyan National Oil Company (NOC) and the Arabian Gulf Oil Company (AGOCO) have denied reports of the closure of the Harika oil port in the east of the country due to protests.
The Emirates National Oil Company (ENOC) and the Bangladesh Petroleum Company have signed a deal to conduct a feasibility study on a liquefied petroleum gas (LPG) terminal in the country.
Saudi Aramco plans to purchase a stake in a new refinery being built by Zhejiang Petrochemical, according to Aramco's senior vice president of downstream.
Morocco-focused upstream company Sound Energy started exploration drilling on October 17 at TE-9, the first of a three-well drilling campaign in Greater Tendrara, Morocco.
Superior Drilling Products plan to enter the Middle Eastern market through a service partnership with Smith International Gulf Services (SIGS) with the intention of launching the US company’s wellbore tool in the region.
OPEC has advised its members to not mention oil prices when discussing policy in order to avoid US legal action over manipulating the market, sources close to OPEC said.
An upgrade to Saudi Aramco’s Yanbu South Terminal (YST) has added 3 million barrels per day (b/d) to the export capacity of the Red Sea facility.
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts.
