News / International
Iran Determined to Settle $6b Oil Dues with India
Iran is sending its Central Bank Vice Governor, Gholamali Kamyab, to India this month in order to re-claim nearly $6b in past oil dues from Indian refiners such as Essar Oil, Mangalore Refinery and Petrochemicals Ltd (MRPL) and to resettle current disputes over exchange rate mechanisms.
Algeria to Issue Local Debt to Offset Global Oil Price Drop
Algeria plans to issue local-currency debt as a source of financing to offset the collapse in world oil prices, which halved government's energy revenues last year.
Georgia Confirms Gas Supply Deal with Azerbaijan
Georgia has confirmed details of its recently signed gas deal with Azerbaijan, according to which Georgia will receive up to 500mcm/year of natural gas from the Azerbaijani national oil company SOCAR until 2030.
Kuwait to Develop Pakistani Oil Fields
State-run Kuwait Petroleum Corporation (KPC) and the Pakistani Ministry of Petroleum have signed a Memorandum of Understanding under which KPC will develop Pakistani oil fields.
Canadian SNC-Lavalin Wins $800m EPC Contract in Middle East
A Montreal-based company, SNC-Lavalin, has announced that it had won a $800m engineering, procurement, and construction (EPC) contract in the Middle East.
Oman Enhances its Gas Recovery from Old Fields
WEG, a leading global manufacturer of motor and drive technology has developed variable speed drive systems to help with the extraction activities from some of Oman’s older gas fields.
Jordan to Boost Natural Gas Production from Risheh Field
Jordan’s state-owned National Petroleum Company (NPC) plans to boost natural gas production from the Risheh field this year, which had dropped in 2015 due to some technical issues at the gas wells.
Dana Gas Launches Zora Gas Field Production
Dana Gas has started production at the Zora gas field located in the Sharjah Western Offshore Concession in the UAE, designated to achieve a flow-rate of 40mcf/d of gas.
