News / International
Iraq Discloses Details on New Basra Refinery Project
The execution of the 300,000b/d refinery project in Basra’s Faw (Fao) is according to the methods of build–operate–transfer (BOT) or build–own–operate–transfer (BOOT), as well as to the investment law of the refineries No.64 for 2007 and its amendments.
NNPC to Invest $15b in Gas-Based Power Plants
NNPC announced late March its plan to invest about $15b in building gas-based power plants with combined generation capacities of 4,000MW to boost electricity supply in the country over the next 10 years.
Iran-Pakistan-India Gas Pipeline to Be Revived
Iran-Pakistan-India gas pipeline might be revived as India is eying to rerun it after sanctions against Iran were lifted.
Aramco Awards Seismic Survey Extension to Magseis, BGP
Geophysical company Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea.
MENA Energy Investments Could Reach $1t by 2021
Energy and power projects totaling $622b in MENA and Iran could materialize by 2021 depending on oil prices, creditworthiness of countries and geopolitics. Fully committed projects worth as much as $337b are already ongoing.
Iran Plans to Boost Oil Exports to Europe
Iran says it expects to increase exports of crude oil to Europe to as high as 800,000b/d by May. The country currently supplies Europe with 500,000b/d of crude oil.
Eskom, CDC Sign MoU for Nuclear Construction in S Africa
The South African power utility Eskom signed mid-March a Memorandum of Understanding (MoU) with the Coega Development Corporation (CDC) to support South Africa's nuclear new build program.
Tullow Sells Uganda Assets to Total for $900m
UK's Tullow Oil plc announced that it agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for a total consideration of $900m.
