Middle East | Egypt Oil & Gas - Part 13
KTC to Invest in Iran’s Renewable Energy
South Korea’s KTC signed a deal worth $820m with Iran’s investment and economic development committee to build a solar plant in the southern city of Fasa, as well as a wind farm in the southeastern city of Zabol, re...
Iraq to Curb Oil Exports in November
Iraq plans to trim crude oil exports from its southern ports to 3.24mb/d in November compared with 3.28mb/d planned for October, reported Reuters. The State Oil Marketing Organisation (SOMO), released preliminary data...
Aramco, Turkey Signed MoUs
Saudi oil giant Aramco signed memoranda of understanding (MoU) with 18 Turkish firms in different sectors such as construction, power generation and related services. These agreements enable the Turkish organization t...
India Imported 4% Less Oil from Iran
India imported about 552,200b/d of oil from Iran during September, a 4% drop from August volumes, when the country’s Iranian imports reached a 15-year high, reported Reuters. The majority of Iranian oil went to ...
Kuwait to Form Large Petchem Firm
The Kuwaiti Ministry of Commerce and Industry (MCI) approved a request from Kuwait Petroleum Corporation (KPC) to set a subsidiary under the name Kuwait Integrated Petrochemical Industries Company (KIPIC) with an esti...
Sonatrach Awarded $1.4b to JGC
Sonatrach, Algeria’s state energy company, has awarded Japanese firm JGC Corporate a $1.4b contract to boost production at its largest gas field Hassi Rmel, Africa News reported. The engineering, procurement and...
Lukoil to Boost Iraq’s Oil Output
Lukeoil, one of Russia’s biggest oil producer, submitted a request to the Iraqi authorities to amend the servicing contract for the West Qurna-2 oilfield which is located in southern Iraq, 65km Northwest of Basr...
Aramco to Launch IPO in 2018
Saudi Aramco’s CEO, Amin Nasser, stated that company’s initial public offering (IPO) would be more suitable during 2018 when oil prices would have recovered and the market conditions improved, reported Reu...
