MENA region | Egypt Oil & Gas - Part 5
Seoul to Invest $27b in Oman Energy
Oman agreed to allow South Korean companies to participate in the country's large-scale energy and infrastructure projects, which are estimated to a total cost of $27.1b.
Sonatrach Boosted Oil Output, Exports
Sonatrach exported 89m tons of oil and gas during the first ten months of 2016. Furthermore, oil production had increased by 80,000b/d during the third quarter of the year, with the company making 28 hydrocarbon disc ...
OPEC’s Oil Output to Reach 34mb/d
OPEC's oil output will set another record high in October. According to shipping data and information from industry sources, supply from OPEC has risen to 33.82mb/d in October from a revised 33.69mb/d in September.
EBRD Funded Wind Farm in Jordan
The European Bank for Reconstruction and Development (EBRD) is providing a $70m loan to Green Watts Renewable Energy to help build the 86MW Al Rajef wind farm in southern Jordan.
GAS, Fluid Components Formed Saudi JV
Saudi Arabia’s GAS Arabian Services (GAS) will establish a joint venture with US-based Fluid Components International (FCI) in the Arabic kingdom.
Iran to Develop 4 Oil Fields
The National Iranian South Oil Company will develop four oilfields, Parsi, Karanj, Rag Sefid, and Shadgan, which include nine reserves, in accordance with its new contract model which is expected to extend up to five ...
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises.
Aramco, Nabros Formed Drilling Partnership
Saudi Aramco signed an agreement to form a new joint venture (JV) in Saudi Arabia to manage and operate onshore drilling rigs with the Anglo Energy company, Nabors.
