Eni Plans to Reduce Oil Output from Libya
Eni’s oil production in Libya will be reduced from 320,000 b/d to 200,000 b/d, Eni CEO, Claudio Descalzi stated.
Middle East | Egypt Oil & Gas - Part 2
Iran, Iraq to Lead Middle East Oil Growth
The research consultancy Rystad Energy indicated that the oil field development in Iran and Iraq is expected to drive the largest production growth in the Middle East over the next four years.
Middle East OSV Market Shows Modest Growth
The Middle East is the only region to buck the downward trend in offshore supply vessels (OSV) over the last two years, IHS Markit analysis suggested. The region is the second biggest global OSV market with 17% of th ...
Sonatrach Grew Crude Exports
Algeria's Sonatrach achieved record high crude oil exports in October of 2.77m tons of oil equivalent, as opposed to the company’s usual monthly export volumes of 1.9m to 2m tons of crude oil per month.
Iran to Build Gas Condensate Refinery
Iran's Ghadir Group has reached an agreement with Italian Italian Saipem and Maire Tecnimont to cooperate on building a gas condensate refinery with a 120,000b/d capacity in southern city of Shiraz at the Fars Province.
ADFD to Inject $50m into Renewables
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have officially launched the a $50m round of funding for renewable energy projects in developing countries.
PTTEP to Decide on Hassi Bir Rekaiz
PTT Exploration and Production Plc (PTTEP) declared that it is close to finalizing an investment decision towards the onshore Hassi Bir Rekaiz Project in eastern Algeria.
Iran Launched Oil Fields
the first phase of production at Yadavaran, North Yaran and North Azadegan fields in its oil-rich Khuzestan province, with a total output of more than 220,000b/d.
S&P Platts to Distribute FOIZ Storage Data
The Fujairah Oil Industry Zone (FOIZ), has signed a memorandum of understanding (MoU) with the independent data agency, S&P Global Platts, to distribute weekly inventory storage data starting 2017.
