MENA region | Egypt Oil & Gas - Part 6
Kuwait, Bahrain to Build Aromatic Plant
Kuwait’s Petrochemical Industries Company (PIC) signed a deal with Bahrain’s National Oil and Gas Authority (NOGA) to build a joint aromatics factory in the Kingdom.
Iran to Export 2.5mb/d of Crude
Iran's exports of crude oil are expected reach 2.5mb/d by the end of the Iranian fiscal year, which concludes on March 20.
Hyundai to Build Gas Plant in Saudi Arabia
Oil giant Saudi Aramco has awarded Hyundai Engineering and Construction with $727m contract to build a gas facility at Uthmaniyah plant.
Aramco, Petronas to Partner on Petchem Complex
Saudi Aramco is to receive an investment offer from Petronas by December 2016. The Malaysian company showed interest in its $21b refining and petrochemicals project located in Pengerang, Johor.
Jereh to Boost Algerian Gas Output
The Jereh Group, which is a Chinese oil field services company and manufacturer of oilfield equipment, has announced that five sets of its 1253kW gas engine-driven compressor units have been shipped to Algeria.
Kuwait Produces Solar Power
Kuwait began operating its first solar power plant at the Umm Gudair oil field. The Sidrah 500 project is worth $99m and is expected to produce 10MW of electricity.
Libya Produced 670,000b/d of Oil
Libya has experienced a remarkable increase in oil production hitting 670,000b/d. The rise in output came accordingly to NOC's work in some previously-shut oilfields.
Iran to Renovate Oil Terminals
Iran Oil Terminals Company's (IOTC) is in negotiation with a Dutch firm to renovate and develop Iran's oil terminals infrastructure in the Persian Gulf.
