News / International
Mott MacDonald Awarded Oil Terminal Deal
Qaiwan Group has appointed Mott MacDonald to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan.
Yaran Field Began Oil Output
Iran has begun first oil production from North Yaran field shared with Iraq after years of delay. The development manager of the field, Arash Baqerzadeh, said that the production from the field has begun with 30,000b/d.
Iran’s Oil Exports to Decline by 7.5%
Iran's crude oil exports are set to decline up to 7.5% in November to a four-month low, as the seasonal demand is low in Europe.
Dangote to Drive Africa’s Refinery Expansion
Nigeria’s $17b Dangote refinery is expected to refine as much as 650,000b/d crude oil per day once it is operation by 2019, driving refinery capacity expansion in Africa, by 2020.
Bowleven Advanced in Gas Assets
Edinburgh-based Bowleven said that the Scottish oil explorer was making progress on developing its Cameroonian assets despite its losses widening by $40m in 2015/2016.
Aramco Awarded $1b Deals to Saipem
Saudi Aramco awarded the Italian oil service group Saipem two contracts for new offshore engineering and construction contracts worth around $1b. The contracts include development of Marjan, Zuluf and Safaniya fields in the Arabian Gulf.
Turkey’s Nuclear Power to Start in 2023
Turkey expects the first unit of its planned $20b Akkuyu nuclear power plant, being built in collaboration with Russia, to be online by the end of 2023.
Dana Gas Earned $13m
Dana Gas declared a third quarter net profit of $13m, compared to a net loss of $9m during the same period in 2015, reported Gulf News. The nine-month net profit stood at $26m, against a gain of $10m in the same period last year.
