Middle East | Egypt Oil & Gas - Part 11
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...
Iran to Boost Gas Exports to Turkey
The National Iranian Gas Company’s (NIGC) Spokesperson, Majid Boujarzadeh, said that Iran has offered Turkey to invest in its liquified national gas (LNG) projects in order to boost exports of Iranian gas to Tu...
Libya Resumed Oil Production at Waha Field
Libya restarted production from the Waha fields bringing the country’s total output to 580,000b/d, reported Libya Herald. The Waha field, operated by the Waha Oil Co, is one of the main contributors for the major Es S...
Morocco Got $38m towards Sustainable Energy
The European Bank for Reconstruction and Development (EBRD), Agence Française de Development (AFD), and the European Investment Bank (EIB) will provide $38m financing facility to Banque marocaine du commerce extérieur...
OPEC Produced 33.64mb/d of Crude in September
Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching a 12-month high of above $53 per barrel as a result of reports that OPEC had agree...
