Trescorp to Develop Oil Terminal at Sohar
Trescorp signed a $600 million contract with Oman’s Sohar Port and Free Zone for the development of an oil terminal at the port.
News / International
Production Begins at Oman’s Khazzan Gas Field
BP has begun producing natural gas from Oman’s Khazzan gas field.
Iraq: Cease Crude Imports from KRG Territories
The Iraq government called on the international community to cease importing crude oil from the autonomous region controlled by the Kurdistan Regional Government.
UAE Oil Minister: UAE 100% Compliant with Production Agreement
The UAE is fully compliant with its commitments under the production-cut agreement instituted by OPEC and other major, non-OPEC oil producers, according to the UAE Energy Minister
Iran Calls for OPEC to Address Libyan, Nigerian Production
The Iranian Minister of Petroleum, Bigan Zangeneh, singled out Libya and Nigeria in comments to the press yesterday, calling for changes in OPEC policy towards the two countries.
Oman’s Oil Revenues Jump 43%
Oman’s oil revenues for the first seven months of 2017 climbed to OMR 2.5647 billion ($6.6616 billion), a 43% year-on-year increase from the OMR 1.7941 billion ($4.6600 billion) during the same time period last year.
Oil Minister: Shell in Talks with Iraq over Majnoon
Negotiations between Royal Dutch Shell and Iraq over the Majnoon oilfield are continuing.
OPEC, Russia: Production-Cut Agreement Working
After meeting last Friday in Vienna, ministers from OPEC and major, non-OPEC oil-producing countries, said their production-cut agreement had drawn down global oil stocks.
Lebanon’s Parliament Approves Oil & Gas Tax
The Lebanese National Assembly approved a new law regulating taxation on oil and natural gas revenues.
Group Shuts off Oil Pipeline to Tripoli
A fuel pipeline between Zawiya and Tripoli was closed this week by a group of armed individuals.
