News / International
Saudi Arabia Reduces Oil Output
Saudi Arabia reduced its oil production last month to the lowest since the beginning of 2017. The country decreased its output by 111,000b/d in March to 9.9mb/d.
GE, MGH Start Commercial Operations of 9F Gas Turbines in Besmaya
GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s Baghdad Power Plant in Besmaya.
Oman Oil Company, Kuwait Petroleum International Sign JV Deal for Duqm Refinery
Oman Oil Company (OOC) signed a joint venture agreement with Kuwait Petroleum International Ltd (KPI) this week for developing the Duqm Refinery and Petrochemical Complex which is expected to have a capacity of 230,000 b/d by 2019 after completion.
Nigeria’s Crude Oil Output Decreased to 1.6mb/d
Nigeria’s average daily crude oil and condensate production decreased from the 2mb/d recorded February production to be 1.6mb/d in March.
Iran Delayed Contracting Chosen Bidders Until Reviewing IPC
The Iranian Petroleum Contract (IPC), has been delayed since Iran’s Security Council is still reviewing it , delaying the operation of the 29 foreign oil and gas companies, that were shortlisted by Iran as bidders for hydrocarbon deposits earlier this year.
Libyan Sharara, Wafa Fields Shutdown Again
Libya's Sharara and Wafa fields have stopped producing for the second time just one week after a previous shutdown due to an attack from an unidentified armed group that blocked the pipelines on the 9th of April 2017.
Iraq to Increase Oil Output
Iraq plans to increase crude oil production to 5mb/d.
Saudi Arabia Signs New Agreements with China
Saudi Arabian King Salman finished his tour in China during which he signed a number of agreements worth $65b.
