Iraq Seeks Investment for Anbar Refinery Project
The Iraqi Ministry of Oil invited investors to submit proposals for the construction of an oil refinery in Anbar province, near the city of Haditha.
News / International
ADNOC, Samsung Sign Two Agreements Worth Over $3.5 B
Abu Dhabi National Oil Company (ADNOC) awarded two major contracts worth more than $3.5 billion to Korean Samsung Engineering through ADNOC Refining.
Algeria Proposes Energy Tax Reforms to Increase Investment
Algeria plans to pass a new energy law that offers tax incentives to attract investment and is in discussion with foreign firms such as BP and Anadarko regarding its shale gas reserves.
PDO Agrees Contracts with Omani Firms Worth $800 M
Petroleum Development Oman (PDO) has agreed contracts with five local companies worth more than $800 million.
Algeria Looks to Purchase Refinery Abroad
About 11.5 million tons of fuel are currently refined in Algeria; however, annual consumption reached 15 million tons in 2017.
Libya loses over $145 M since Closure of El-Feel Oilfield
The field was a joint opperation between the NOC and Eni, producing 70,000 barrels per day (b/d) previous to the force majeure.
Aramco Facilities Remain Operational after Missile Report
Saudi Aramco affirmed that their plants and facilities in the Najran province are fully operational, after reports of a short-range ballistic missile being fired towards an Aramco facility.
Shell Sells $406 M Stake in Iraqi Oil Field to Itochu Subsidiary
Shell has agreed to sell its 19.6% stake in the West Qurna 1 oil field in southern Iraq to a subsidiary of Itochu Corporation for $406 million.
Bahrain Starts Work on Undersea Gas Pipeline
Bahrain LNG started construction this week on a liquified natural gas receiving terminal, a regasification unit, and the 5 kilometer undersea pipeline.
KRG Signs Agreement with Pearl Petroleum
Pearl Petroleum has signed a 10-year gas sales agreement with the Kurdistan Regional Government.
