Iraq to Boost Oil Output Capacity to 5 mb/d
Iraq’s oil output capacity is coming close to 5 million b/d. Yet, the OPEC member will comply with the global supply cut pact.
News / International
Iran to Extend Gas Pipeline to Oman With 1.2 B Investment Value
Iran is set to establish onshore extension to its major gas pipeline project, which would transport natural gas from the Persian Gulf to South of the Sea of Oman.
Bahrain to Begin Development of Tight Gas in 2018
Bahrain plans to begin developing its tight natural gas reserves in 2018, despite its plans to bring a liquefied natural gas (LNG) import terminal online in 2019.
Shell to Sell Its 20% Share in Iraq’s West Qurna 1
Iraq approved the sales of the 20% stake owned by Royal Dutch Shell in the country’s West Qurna 1 oil field to Japan’s Itochu Corporation.
SDX Energy Completes KSR-16 well in Morocco
SDX Energy Incorporation has announced the completion of the KSR-16 well on the Sebou permit in Morocco, which has been tested at a conventional natural gas restricted average flow rate into the sales line of 8.43 mscf/d.
Aramco Seeks Cheap Loans ahead of IPO
Saudi Aramco is seeking to raise billions of dollars through cheap bank loans in order encourage strong ties with banks before its stock listing.
Libya’s Zueitina LNG Plant to Resume Operations
Maintenance and renovation works at the liquefied natural gas (LNG) plant in Zueitina Port, in north-eastern Libya, have been completed.
Oman Opens E&P Concession Bids
Oman has opened bids for exploration and production (E&P) in the new concession areas, which were floated in 2017.
ADNOC Awards Two Offshore Gas Contracts
The Abu Dhabi National Oil Company (ADNOC) awarded two Front End Engineering Design (FEED) contracts for its offshore mega natural gas planned project, located in the Hail, Ghasha, and Dalma fields in the United Arab Emirates (UAE).
Iran to Export Natural Gas to Basra
Iran is likely to start exporting natural to the city of Basra in southern Iraq can in March 2018, National Iranian Gas Company's Managing Director, Hamidreza Araqi, stated.
