Iran Deal: Total’s South Pars Stake at Risk
Total is at risk of losing its stake in the Iranian South Pars gas field if it exits the country due to US sanctions.
News / International
Dubai Expands Solar Power Generation by 200MW
The first stage of the third phase of Mohammed bin Rashid Al Maktoum Solar Park has been completed, expanding the site’s capacity by 200MW.
KPI in Talks to Buy 24% India Refinery Stake
Kuwait Petroleum International (KPI) plans to buy a 24% stake in the Bina joint venture refinery in central India.
Kuwait Oil Minister Faces Parliamentary Opposition
Kuwaiti oil minister Bakhit Al-Rashidi is facing opposition from the country's parliament after ten MPs signed a no-confidence motion against him.
Independent Audit Puts Saudi Oil Reserves at 270 Billion Barrels
Saudi Aramco's first external audit has revealed that the company has 270 billion barrels in oil reserves.
Kuwait to Complete Al Zour Refinery by 2019
The Al Zour refinery project is expected to be completed by December 2019, according to a statement from Khaled Mahdi, Kuwaiti secretary general of the supreme council for planning and development.
Iran Targets Joint Oil Company with Azerbaijan
Iran seeks to form a joint oil company with Azerbaijan, according to Iranian Deputy Oil Minister Amir Hossein Zamaninia.
Chariot Fails to Find Hydrocarbons in Moroccan Well
Chariot Oil & Gas failed to find hydrocarbon deposits in the offshore Moroccan Rabat Deep exploration well, for which they have a 10% interest.
Iraq Licensing Round Ends with no Majors Winning Contracts
The Iraqi government has failed to obtain investment from top international oil companies to invest during an exploration and development auction held for blocks near the borders of Iran, Kuwait and in offshore Gulf waters
ADNOC, Austrian OMV Close $1.5B Offshore Deal
Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV.
