News / International
Rosneft Drills First Well in Iraq
Rosneft group started drilling of the first exploration well at Block 12 in the Republic of Iraq. The company plans to complete drilling the Salman-1 well in July 2017.
UAE to Increase Fuel Prices in March
The UAE has seen hikes in petrol and diesel prices since the start of 2017, for three consecutive months now.
Nigeria’s Government Unveils $20b Gas Plan
Yemi Osinbajo, has unveiled a public-private partnership industrial plan valued at $20b for development of gas based industries in Nigeria’s Niger Delta region.
ADNOC to build Gulf’s largest NGV service station
The mega station will have an hourly pumping capacity of 2,850 standard cubic meters, the highest in the region.
Sasol Aims to Produce Oil in Mozambique in 2-3 Years
Petrochemicals group Sasol has found oil in wells off Mozambique and aims to bring the fossil fuel to production for the first time in the southern African nation.
Saudi Arabia Aims Barrel Price to Hit $60
Saudi Arabia wants crude oil prices to rise to around $60 a barrel in 2017, five sources from OPEC countries and the oil industry said.
Qatar Petroleum to Merge 2 Petrochemical Units
The state-run company will meld the operations of Qatar Vinyl, part of Mesaieed Petrochemical Holding, into Qatar Petrochemical, a unit of Industries Qatar QSC.
Aramco Confirms $7b Deal With Petronas
Saudi Arabia’s state oil company Saudi Aramco will invest $7b and take a 50% stake in select ventures and assets in Malaysia's RAPID project.
