News / International
Fujairah Port to Expand Crude Oil Storage Capacity
Vopak Horizon Fujairah, partly-owned by Emirates National Oil Company (Enoc), announced on Thursday it’s increasing its storage capacity from 2.1mcm to 2.6 million by 2016.
Kuwait Awards CB&I $60 Million Energy Infrastructure Contract
CB&I, a major energy infrastructure focused company, has won a contract valued at approximately $60 million by JGSK JV, a joint venture between JGC Corp, GS E&C and SK E&C.
Iran in Bid to Diversify Non-Oil Export Portfolio
Iran is counting on a rise of 15-20% in non-oil exports in its new year, which begins on March 21, Industry, Mines and Trade Minister Mohammad Reza Nematzadeh says.
Kurdish Government Still Owes Genel $233 million
Genel Energy, one of the main oil producers in Iraqi Kurdistan, said it is still owed $233 million for oil it sold to the Kurdistan Regional Government (KRG) but is hopeful stable payments will start this year.
Nigeria’s Oil and Gas Market To Reach $7.5 Billion by 2019
There are indications that the nation’s oil and gas market would bounce back in the next four years, as a recent report by an international agency predicts a significant growth in the market value to about $7.5 billion by 2019.
Ukraine Has Enough Gas Util Friday: Gazprom
Russian gas export monopoly Gazprom said on Wednesday Ukraine had paid for enough Russian gas to last until March 6.
ExxonMobil Plans 16 New Oil, Gas Projects
Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillerson, chairman and chief executive officer, said today.
Saudi Aramco Seeking $10 Billion for Credit, Sources Say
Saudi Arabian Oil Co., the world’s largest oil exporter, is in talks with banks to raise a $10 billion revolving credit facility at cheaper pricing than Exxon Mobil Corp., according to three people familiar with the matter.
