MENA region | Egypt Oil & Gas - Part 8
Japan to Import Iranian Oil
Japanese traders, including Marubeni Corp and Sumitomo Corp, are looking to resume imports of Iranian oil, potentially by the end of 2016, Reuters reported. Conservative Japanese firms have so far held off taking Iran...
Sonatrach Won Profit-Sharing Case
Algerian state owned oil consortium, Sonatrach has won a law suit against Spanish Repsol in the International Court of Arbitration over profit sharing. The Spanish company, together with other firms, had alleged that ...
Iran to Export Gas to Iraq
The National Iranian Gas Company’s (NIGC) Managing Director, Hamid Reza Araqi, said that Iran is fully ready to start exporting gas to neighboring Iraq as soon as the Arab country opens a line of credit. Araqi a...
Qatar to Takeover LNG Fleet
Nakilat Shipping Qatar Limited (NQSL) has signed an agreement with Shell International Trading and Shipping to begin the planned phased transition of the management of Nakilat’s liquified natural gas (LNG) fleet from ...
S. Korea to Operate UAE’s Nuclear Plant
The state-run utility firm Korea Electric Power Corporation (KEPCO) agreed to invest $900m in a company operating the first nuclear power plant in the United Arab Emirates (UAE), reported Reuters. South Korea’s ...
Pipeline Leak Delayed Qatar Gas Project
Qatar delayed the start-up of its $10B Barzan Gas project, which is a RasGas-operated joint venture between Qatar Petroleum and ExxonMobil, due to a leak in a gas pipeline, reported Reuters. Phase one of the project w... Qatargas, Petronas Extended LNG Deal
Qatargas, the world’s largest liquified natural gas (LNG) producer, signed a five-year sales and purchase agreement (SPA) with Petronas LNG,reported Reuters. Under the terms of the newly signed deal, which is an...
Algeria to Export Gas to Jordan
The Algerian Energy Minister, Noureddine Bouterfa, has revealed that Algeria is presenting a bid for the supply of liquefied natural gas (LNG) to Jordan to cover part of its needs, reported Ennahar. During their parti...
