News / International
Iran’s Siraf Refinery Targets Asia, Draws European Attention
"Asia is the center of gravity for oil and all the incremental demand will come from Asia. We are expecting to ship more than 50% of our products to Asia," said CEO of Siraf Refineries Infrastructure Company Alireza Sadeghabadi.
Oilfield Services to Expand Offshore in Middle East, Report Says
Higher E&P expenditure, financial durability of the companies and customers are likely to drive the oilfields services (OFS) market in the Middle East to record revenues worth $13.4b by 2019.
Omani Blend Crude Bolsters Ambitious Dubai Mercantile Exchange
The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched ‘DME Auctions’ platform.
Oman Localization Strategy Garners $650m in Contracts
Multi-million dollar contracts were signed by corporate entities, including small and medium enterprises (SMEs), in various fields during the Business Opportunities Forum at the Oman International Exhibition Centre at Seeb.
Noble Energy Poised to Sell Stake if Israeli Cabinet Overrides Knesset
Noble Energy (NBL) has agreed to sell its 47% stake in two undeveloped gas fields in the eastern Mediterranean to Israeli partner Delek Group for $67m.
Algeria to Focus Next Year on Developing From Older Oil Fields
Sonatrach state energy company Vice President, Salah Mekmouche, said the company would focus on developing more from older fields like Hassi Massoud, Hasi Berkine, and Illizi southwest and east.
Nigeria’s Crude Exports Record a High
Nigeria exported 64.86 million barrels, or 2.09 million b/d, of oil including condensates in July, down from the 1.98 million b/d in June.
South Africa Eskom Celebrates 100 Days Without Load Shedding
"While the system remains tight, we will continue with maintenance with no or limited load shedding," Group Chief Executive Brian Molefe said.
