MENA region | Egypt Oil & Gas - Part 12
OPEC, Russia to Discuss Oil Output
Energy ministers from Saudi Arabia, Iran, and Iraq will be among representatives of key member’s of the Organization of the Petroleum Exporting Countries (OPEC) producers meeting with Russia for informal discuss...
Oman to Launch $6.5b Plastics Complex
Oman’s Oil Refineries and Petroleum Industries Company (Orpic) revealed that its $6.5b Liwa Plastics Industries Complex (LPIC) project has reached the detailed engineering phase. The company noted that the overa...
Iran Sold 1m Barrels of Gas to BP
The National Iranian Oil Company (NIOC) sold a cargo of 1m barrels of natural gas condensate to British Petroleum (BP). The shipment is considered the first delivery since sanctions were lifted in January, reported Re...
Iran Signed First IPC Deal Worth $2.5b
The National Iranian Oil Company (NIOC) signed a $2.5b contract with Persia Oil & Gas Industry Development Company (POGIDC), a domestic firm in Iran, to develop the second phase of Yaran field and improve oil reco...
MENA Oil, Gas Investments to Reach $900b
A new report by the Arab Petroleum Investments Corporation (APICORP), owned by the Organization of Arab Exporting Countries (OAPC), stated that the total committed and planned energy investments in the MENA region may...
GMS Receives Early Termination Notice
UAE’s Gulf Marine Services (GMS), an offshore contractor that provides self-propelled, self-elevating accommodation jackup barges, received a notice of early termination for a mid-size class self-elevating suppo...
MENA Oil Exporters Lost Over $340b from Oil Slump
Oil-exporting countries in the Middle East and North Africa (MENA) lost more than $340b in oil revenue from their budgets in 2015, amounting to 20% of their combined gross domestic product, according to the Internatio...
