MENA region

Iran, Russia to Review New Deals

Tehran will host the upcoming Russian-Iranian intergovernmental commission on trade and economic cooperation during December, to discuss financial and technical models of a new contract with Russian firms.

Eni to Buy Algerian Gas

Italy’s Eni will continue to buy Algerian gas in 2017 with the same vein as its purchases for 2016. Eni's CEO, Claudio Descalzi, said that the company discussed its expected volume purchases with Sonatrach every year.

Abu Tifle Resumed Oil,Gas Output

Gas production has resumed at Libya’s eastern Abu Tifl field and 12,000b/d of oil will starting pumping by mid-November 2016, with the oil being pumped to Zuetina port.

Iraq Delayed Upstream Bid

Iraq will postpone an upstream bidding round for 12 small and medium-sized oil fields across three provinces until mid 2017.

Mott MacDonald Awarded Oil Terminal Deal

Qaiwan Group has appointed Mott MacDonald to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan.

Yaran Field Began Oil Output

Iran has begun first oil production from North Yaran field shared with Iraq after years of delay. The development manager of the field, Arash Baqerzadeh, said that the production from the field has begun with 30,000b/d.

Iran’s Oil Exports to Decline by 7.5%

Iran's crude oil exports are set to decline up to 7.5% in November to a four-month low, as the seasonal demand is low in Europe.

Aramco Awarded $1b Deals to Saipem

Saudi Aramco awarded the Italian oil service group Saipem two contracts for new offshore engineering and construction contracts worth around $1b. The contracts include development of Marjan, Zuluf and Safaniya field ...

Turkey’s Nuclear Power to Start in 2023

Turkey expects the first unit of its planned $20b Akkuyu nuclear power plant, being built in collaboration with Russia, to be online by the end of 2023.

Dana Gas Earned $13m

Dana Gas declared a third quarter net profit of $13m, compared to a net loss of $9m during the same period in 2015, reported Gulf News. The nine-month net profit stood at $26m, against a gain of $10m in the same peri ...

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