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. In addition, the two sides discussed bil...
Sonatrach Boosted Oil Output, Exports
Sonatrach’s CEO, Amin Mazouzi, said that the company’s oil and gas exports have reached 89m tons during the first ten months of 2016, marking a 9% growth when compared to volumes form the same period during 2015. Addi...
OPEC’s Oil Output to Reach 34mb/d
The Organization of the Petroleum Exporting Countries’s oil output will set another record high in October, as Nigerian and Libyan output partially recovered from disruptions and Iraq boosted exports. According ...
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, reported Renews. The EBRD stated that ...
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. The joint venture aims to improving quality of service and support for...
Iran to Develop 4 Oil Fields
The National Iranian South Oil Company’s (NISOC) Managing Director, Bijan Alipour, declared that the company will develop four oilfields, Parsi, Karanj, Rag Sefid, and Shadgan, which include nine reserves, in ac...
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol, a global energy trading house, are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises, reported Reuters. In an attempt to av...
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. The joint venture, which will be equally owned by Sa...
