Iran’s Oil Reserves Could Increase by 10%
Studies conducted by foreign and domestic firms on Iranian oilfields have revealed that Iran has the ability to increase its proven oil reserves by 10%.
News / International
Jordan Studies Fuel Distribution Offers
Jordan’s Ministry of Energy and Mineral Resources started reviewing the requests submitted for obtaining licenses to distribute fuel derivatives
Total Acquires Stake in Libyan Waha Concession
French Total acquired a 16.33% stake in Libya's Waha concession from Marathon Petroleum in an acquisition transaction worth $450 million as part of its strategy to expand in the Middle East and North Africa region.
Total Eyes Iraq Oil Refinery
French oil company Total is considering bidding to build the green-field oil refinery in the Iraqi city of Nassiriya.
OVL Cancels Iran LNG Export Facility
ONGC Videsh Ltd has canceled plans to establish a liquefied natural gas export facility worth $5 billion in Iran.
Kuwaiti Oil Price Increases by 0.5%
Kuwait’s oil price has increased by 0.525% in the past few days.
ADNOC Awards Oil Field Stakes to Inpex
Abu Dhabi National Oil Company (ADNOC) has awarded Japan’s Inpex 10% stakes in its Lower Zakum oil field for $600 million, offshore UAE.
Saudi Aramco to Supply China’s Huajin with 12 M Oil Barrels
Saudi Aramco has approved providing 12 million barrels of crude oil to China’s Huajin Chemical Industries Group Corporation based on an annual deal.
Meethaq to Fund Oil Projects
Meethaq Islamic Banking and Hydrocarbon Finder E&P (HCF) have signed an Islamic financing facility for the development of HCF-operated oil and gas fields in Block 7.
Saudi Arabia, Russia Increase Energy Cooperation
Saudi Arabia and Russia are continuing to strengthen their relations in the energy sector.
