Japan Buys Gas Condesates from Iran

• Monday, 30th January 2017
• by Editorial Team

The National Iranian Oil Company sold its first cargo with 160,000 barrels of gas condensates from South Pars Phases 20 and 21 to Japan.

Oman’s Khazzan Gas to Start Output by Q4 2017

• Monday, 30th January 2017
• by Editorial Team

Oman has revealed that the Khazzan Tight Gas Project is running on schedule and will commence natural gas production by the fourth quarter of 2017.

Iran to Pay Turkey $1.9b in Gas Supply Compensation

• Monday, 30th January 2017
• by Editorial Team

Iran will offer discount on future gas supplies to Turkey to clear a $1.9b compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015.

Nigeria to File Corruption Charges against Shell, Eni

• Monday, 30th January 2017
• by Sarah Samir

Nigeria has ceded control of one of the richest oil blocs on the continent - the Oil Prospecting License 245 bloc (OPL 245) and the country is to prosecute oil giants Royal Dutch Shell and Italian Eni in a corruption scandal worth around $1.2b.

Iraq, GE Sign $1.4b Power Plant Deal

• Monday, 30th January 2017
• by Editorial Team

Iraq's Ministry of Electricity inked a $1.4b deal with General Electric (GE) for the construction of two 750 MW power plants by 2018.

Algeria to Increase Gas Exports in 2017

• Monday, 30th January 2017
• by Editorial Team

Algeria expects to increase exports of natural gas in 2017 to 57bcm, up from the 2016 sales amounting to 54bcm.

Algeria to Export 56bm³ of Gas in 2017

• Monday, 30th January 2017
• by Editorial Team

Algeria's gas exports including natural gas and liquefied natural gas are expected to increase from 54bm³ in 2016 to 56bm³ in 2017, up by 5.5%.

Saudi Aramco’s Oil Reserves Reach 261b Barrels

• Sunday, 29th January 2017
• by Editorial Team

The external audit of the oil reserves of Saudi Aramco ahead of its planned IPO has confirmed that Saudi Arabia’s oil giant has more than 261b barrels of reserves.

Siemens Supplies 12 Compressor Trains to Iran

• Sunday, 29th January 2017
• by Editorial Team

Siemens has been awarded a contract by Hampa Engineering to supply 12 compressor trains for two onshore natural gas processing plants in Iran.

Saudi Aramco Pulls Out of JV Project with Petronas

• Sunday, 29th January 2017
• by Editorial Team

Saudi Aramco has pulled out of a planned joint venture with Malaysia’s state-owned oil company Petronas, concerning the construction and operation of a major $27b refining and petrochemical project in southern Malaysia.