News / International
$2b Oil Shale Project Launched in Jordan with Chinese Finances
An Estonian-Malaysian consortium has recently signed a $1.6b contract to set up a 470MW oil shale power plant in the Attarat Um Ghudran area of southern Jordan.
Kuwait’s Stalled Shuaiba Refinery Unit to be Shut Down by 2017
Kuwait has decided to permanently shut down its heavy oil cracking unit at its Shuaiba refinery, stalled since a fire in August 2015.
Saudi Kayan Posts $116.3m Losses for First Time
Saudi Kayan Petrochemical Co. reported a net loss of $166.3m in Q4 of 2015, the largest loss Kayan had suffered since it was first listed in 2007.
Bahrain Mulls Offshore Gas Exploration Bids
Bahrain is looking into launching a new international bid round for offshore gas exploration seeking to reduce its dependence on gas supplies from other regional players, and instead boost its domestic gas production amid the growing demand of 2.5% annually.
EU Eyes Gas Import from East Mediterranean Fields
The European Union could import gas from newly discovered deposits in the Eastern Mediterranean in an attempt to diversify its supplies and bolster Europe's energy security, said EU Energy Commissioner, Maros Sefcovic.
European Refineries Seek to Maximize Gasoline Output
European oil refiners aim to maximize gasoline output to meet increased global demand for gasoline and naphtha in the Asian and US markets.
BP to Cut 4,000 Jobs in Upstream Operations Globally by 2017
BP, the UK oil company has announced it will cut 4,000 jobs in its upstream exploration and drilling operations globally, out of which 600 will be affected within its hard-hit North Sea business, by end 2017, as a result of firm's decline in profits over the drop in global oil prices.
Libyan Oil Output Remains Under 400,000 Barrels per Day amid Instability
Libya’s crude oil production remains less than 400,000 barrels per day, the National Oil Corporation (NOC) said on January 12th.
