News / International
Iran, Finland to Cooperate in Power Generation
The Industrial Development and Renovation Organization of Iran (IDRO) has signed a memorandum of understanding (MoU) with Finland's Wärtsilä on the development of decentralized power generation in Iran.
Oman, Kuwait to Sign Refinery MoU
Oman Oil Company's (OOC) CEO will sign a memorandum of understanding (MoU) with Kuwait Petroleum Corporation (KPC) for a partnership at Oman's Duqm refinery during November. The MoU would equally combine crude oil from Oman and Kuwait.
KOC, Weir Oil&Gas Signed $12m Deal
Khuff Trading and Contracting has signed an agreement with Kuwait Oil Company (KOC) for the purchase of 295 Seaboard wellheads, worth about $12m.
Kuwait Invested $4.8b in Oil, Gas
During the third quarter of 2016, Kuwait awarded a total of $12b worth of contracts, 42% of which are in the country's oil and gas sector at about $4.8b in investments.
Enel to Grow Renewable Ventures
Italian Enel will build 5,000MW of renewables capacity in Africa despite political unrest in the North and lack of electric power connections between countries.
Iran, Armenia Signed Gas MoU
Iran’s National Gas Export Company and Armenia’s Energoimpeks signed a memorandum of understanding (MoU) for the transit, sale, and purchase of gas.
UAE to Enhance Oil Reserves with Carbon Dioxide
Abu Dhabi National Oil Company (Adnoc) and leading energy company Masdar have jointly developed the first carbon capture utilisation and storage (CCUS) plant in the Middle East and North Africa (MENA) region.
Sonatrach to Upgrade Oil Refinery
Sonatrach awarded the China Petroleum Engineering and Construction Corporation (CPECC) a $410m contract to renovate and upgrade an oil refinery near the capital, Algiers.
