MENA region | Egypt Oil & Gas - Part 2
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, reported Platts. Eni’s CEO, Claudio Descalzi, said that the company discussed its expected volume purchases wit...
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, reported Ecofin Agency News. The oil will be pumped to the port of Zuetina, one of four ter...
Iraq Delayed Upstream Bid
Iraq’s Oil Ministry is postponing an upstream bidding round for 12 small and medium-sized oil fields across three provinces until mid 2017, reported Reuters. A statement for the the ministry said that there are essent...
Mott MacDonald Awarded Oil Terminal Deal
Qaiwan Group has appointed Mott MacDonald, a multidisciplinary consultancy, to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan which is schedu...
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/...
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, Gulf News reported. Iran’s oil exports typically hit a low around October or...
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 in the Arabian Gulf...
Turkey’s Nuclear Power to Start in 2023
The Turkish Energy Minister, Berat Albayrak, declared that 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, repor...
