News / International
Iraq Crude Oil Exports Decline by 14%
Iraq’s Oil Ministry said on Thursday that crude exports averaged 2.535 million b/d in January, a decrease of nearly 14% from the previous month, depriving the nation of badly needed cash both for ongoing military operations against extremists and reconstruction efforts.
Kuwait Will Produce 60,000 b/d of Heavy Oil by 2018
Kuwait will produce its first batch of 60,000 barrels of heavy oil a day by 2018, Minister of Oil and Minister of State for National Assembly Affairs Dr. Ali Al-Omair announced.
IEA Names New Executive Director
The International Energy Agency’s governing board confirmed the appointment of Fatih Birol as the agency’s next executive director. Birol succeeds Maria van der Hoeven, who will complete her 4-year term on Aug. 31.
Lukoil Secures Contract for Uzbekistan Gas Plant
Today in Tashkent, LUKOIL and a consortium headed by Hyundai Engineering (South Korea) signed a contract for procurement and construction of the Kandym Gas Processing Plant in Uzbekistan.
Total Wins Blockbuster Abu Dhabi Concession for $2 billion
The chief executive of Total hailed the renewal of its oilfield concession in Abu Dhabi as a "blockbuster" and did not deny the French oil major may have coughed up over $2 billion to sign the deal.
Iran Consortia to Build Gas Pipeline to Iraq
A top Iranian energy official says a total of 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport natural gas from Iran to its western neighbor, Iraq.
Fujairah Expansion into Refining, LNG, Petrochemicals
As global energy production and consumption centres are shifting, Fujairah is transforming into a major platform for local, regional and international companies seeking to expand their footprint into other parts of the world, according to a Gulf Intelligence special report on Fujairah.
Saudi Oil Minister in Talks with Algeria, Russia
Saudi Arabian Oil Minister Ali Al Naimi discussed Opec and the oil market with officials from Russia and Algeria, Saudi state news agency SPA reported.
