News / International
Bahrain Plans $355m Project to Recover Untapped Oil
Bahrain is considering to launch a $355m pilot project that will help recover a huge untapped resource in the residual oil saturation in the Gas Cap of the Mauddud reservoir.
Azeri SOCAR to Reconstruct Baku Oil Refinery
The State Oil Company of Azerbaijan (SOCAR) and KBR, the American engineering, procurement, and construction company, will create an ad hoc group of experts for the management of the reconstruction work of the Baku Oil Refinery named after Heydar Aliyev.
Ukraine Seeking Energy Cooperation with Iran
Ukraine is seeking to launch joint ventures with Iran in oil, gas, petrochemicals, and agriculture sectors, said Ukrainian Deputy Prime Minister and Minister of Regional Development, Construction and Municipal Economy, Gennadiy Zubko.
Saudi Aramco Plans to Double Gas Production in 10 Years
Saudi Aramco plans to almost double its gas production to 23bscf/d in the next decade, according to CEO Amin Nasser.
Nigeria Breaks Up National Oil Company Into 7 Units
The Nigerian National Petroleum Corporation, NNPC, has been unbundled into seven independent operational units by President Muhammadu Buhari, in attempt to restructure the company trying to recover its financial losses recorded over the last decade.
Egypt, Jordan, Iraq Held Talks on Basra-Aqaba Oil Pipeline
Egypt, Jordan, and Iraq held talks in Cairo on the development of the Basra-Aqaba oil pipeline project seeking to revive the 2015 trilateral Memorandum of Understanding.
Brazilian Tycoon Sentenced to 19 Years over Petrobras
Corruption case of Brazil's state oil company Petrobras has marked a new development as Marcelo Odebrecht, the former CEO of South America’s biggest construction company, Odebrecht SA, was sentenced to 19 years in prison for his involvement in a sprawling scandal.
France’s Total Eyes ‘Elephant’ Oil Discovery Offshore Uruguay
France's Total plans to start drilling Uruguay’s first offshore well in 40 years later this month in more than 3,411 meters of water, making it the deepest exploration well by water depth on record; first oil could come as soon as 2021.
