KPC, Shell Sign LNG Contract
Kuwait Petroleum Corporation (KPC) signed a 15-year contract with Royal Dutch Shell for the import of liquefied natural gas (LNG).
News / International
Accident Kills Three in Libyan Gas Plant
Three workers died in a maintenance accident at a gas plant at the Zelten oil and gas field.
Qatargas, OMV Sign LNG Agreement
Qatargas signed a contract to deliver 1.1 million tons of liquefied natural gas (LNG) to OMV annually for five year.
Construction at Duqm Refinery to Begin in 2018
Construction at the Duqm Refinery in Oman will begin next year.
Kuwait’s Oil Minister: Demand to Rise by 1.5M b/d
Global oil demand will increase 1.5 million barrels per day (b/d) next year, Kuwait’s Oil Minister, Bakheet El Rashidi, predicted.
Saudi Budget Predicts Higher Oil Prices
In rolling out its 2018 budget, Saudi Arabia indicated that it expects government oil revenues to rise by 12%.
Iraq Fails to Sell Shipment of Basra Crude
Iraq failed to sell a cargo of two million barrels of Basra Heavy during an auction on the Dubai Mercantile Exchange yesterday.
Turkey to Begin Mediterranean Drilling
Turkey plans to begin exploratory drilling for oil and natural gas in the Mediterranean Sea early next year.
Saudi Aramco Retains Citi to Oversee $2B Loan
Saudi Aramco has retained Citi to oversee a $2 billion loan backed by UK Export Finance (UKEF).
Libya’s Gas Shipments to Italy Temporary Halted
Libya’s pipeline exports of natural gas to Italy were temporary halted by a technical glitch.
