News / International

South Korean Firm to Modernize the Iranian Tabriz Oil Refinery

South Korea’s SK Engineering & Construction Company will partner with Iran’s Tabriz Oil Refining Company to conduct $1.6 billion worth of renovations at the Tabriz facility.

Oman Produces More Petroleum Products

Oman’s production of petroleum products rose 12% year-on-year during the first half of 2017.

Kirkuk Government Opposes Iran-Iraq Pipeline

The Provincial Government of Kirkuk will not cooperate with the central government’s plans to export oil from the Kirkuk oil fields to Iran.

ENOC to receive $500 M Loan to Fuel Expansion

The Emirates National Oil Company (ENOC) is set to receive a $500 million loan.

In a first, Saudi Energy Minister Meets with Hedge-Fund Investors

The Saudi Energy Minister, Khalid El Falih, met with key hedge-fund investors last month.

Freight Rates for Crude Oil Fall Further

Crude-oil transport rates between Asia and the Middle East fell again on Thursday, sinking to W46.25.

Oman to Build First Wind Power Project

Oman is set to commence work on its first wind-power project.

Sapiem to Establish New Base in UAE

Sapiem signed an agreement with the Director of the Hamriyah Free Zone Authority (HFZA), Saud Salem Al Mazrouei, and Sharjah Airport Free Zone Authority to establish a major base in the UAE.

PERENCO Acquires a 50% Stake in Tunisia’s Ashtart Field

PERENCO closed its purchase of a 50% stake in the Tunisian Ashtart oilfield and a 50% state in the operating company SEREPT from OMV.

Iran’s South Pars Oilfield Could Produce 140,000 b/d

Maersk Oil estimates that potential output from Iran’s South Pars could reach 120,000 to 140,000 b/d during the second phase of its development.

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