Kuwaiti Business Group to Build 600,000 b/d Refinery in India
The Kuwaiti Al Arfaj Group signed a memorandum of understanding to build a 600,000 barrel per day (b/d) oil refinery in the Indian state of Andhra Pradesh.
News / International
Saudi Minister: Oil Investments Returning
Oil investments are rising again due to the reduction in global oil stocks and an improving global economy
Saudi Arabia Remains Committed to Cuts
Despite positive signs in the oil market, Saudi Arabia remains committed to further drawing down global oil stocks.
CEO: Saudi Aramco IPO Not Linked to Market Conditions
The plans for the initial public offering (IPO) of Saudi Aramco are not linked to market developments.
Russia, Saudi Arabia to Discuss Markets, Production-Cut Deal
Russian and Saudi ministers will meet early next month to discuss global oil markets and the future of the production-cut agreement.
Tecnicas Reunidas Submits Lowest Bid for Saudi Project
Tecnicas Reunidas, Saipem, and Samsung E&C are the primary contenders for a contract from Saudi Aramco for the construction of natural gas facilities in Haradh and Hawiyah.
Algeria’s Oil & Gas Revenues Rise 19%
Algeria reported a 19% increase in its oil and gas exports during the first three quarters of 2017.
Iran’s Yadavaran Oilfield Producing 112,000 b/d
Production from Iran’s Yadavaran oilfield has reached 112,000 barrels per day (b/d).
KRG Exports Tick Up But Remain Low
Oil exports from the semi-autonomous Kurdish region in Iraq to Turkey rose to 255,000 barrels a day (b/d).
Iraq Weighing New Contract Terms for Majnoon
Iraq is considering new terms for the development of its Majnoon oilfield, Iraqi Oil Minister, Jabar El Luaibi, said on Saturday.
