News / International
OPEC’s Meeting: Libya’s Production Cuts Ruled Out for Now
Libya will not join any agreement limiting its output until it achieves a production target of 1.25 million b/d by December.
Aramco Opens Tender for Security Upgrade
National oil giant Saudi Aramco plans to upgrade the security in its offshore facilities and has received bids for the work from defense companies.
ADFD Funds Egyptian Projects
The Abu Dhabi Fund for Development (ADFD) provided a total of $1.08 billion funds and concessionary loans to Egypt.
Iran Signs 33 Oil, Gas MoUs after JCPOA
National Iranian Oil Company (NIOC) signed 33 oil memorandums of understanding (MoUs) with 28 local and foreign companies after the execution of Iran's deal, also known as the Joint Comprehensive Plan of Action (JCPOA).
Abu Dhabi’s Baron Point Petroleum Enters JV with PetroVietnam
The JV will handle the financing, construction, and operation of the petroleum product pipelines and storage space through a Bonded Terminal System at Phu Quoc Island.
Saudi Aramco’s SAMREF not Disturbed by Fire
Operations are ongoing and have not been affected by the incident, which happened due to hot weather.
Qatar Targets New LNG Markets with Floating Terminals
Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG are collaborating on a joint project in order to expand Qatar’s liquefied natural gas (LNG) buyers’ market via floating import terminals.
Iran to Sign Petrochemical Deals with Total, Shell
Iran is going to sign contracts with the oil majors Shell and Total for the establishment of petrochemical plants in the country.
