Middle East | Egypt Oil & Gas - Part 3

Iran to Reimburse Turkey on Gas Deal

Iran ruled out a payment to Turkey of 25% economic compensation for the cut in the export of natural gas to the Eurasian country, which triggered a legal dispute.

PetroRabigh to Halt Operations

Saudi's PetroRabigh announced that it will suspend the operations of its ethane cracker unit for 21 days. The suspension will start mid November to complete the temporary maintenance and safety work.

Ocean LNG to Supply CELSE

Ocean LNG has signed a long-term deal of sale and purchase agreement (SPA) to provide Brazil-based CELSE-Centrais Elétricas de Sergipe, with liquefied natural gas (LNG) from 2020.

Iran, Russia to Review New Deals

Tehran will host the upcoming Russian-Iranian intergovernmental commission on trade and economic cooperation during December, to discuss financial and technical models of a new contract with Russian firms.

Eni to Buy Algerian Gas

Italy’s Eni will continue to buy Algerian gas in 2017 with the same vein as its purchases for 2016. Eni's CEO, Claudio Descalzi, said that the company discussed its expected volume purchases with Sonatrach every year.

Abu Tifle Resumed Oil,Gas Output

Gas production has resumed at Libya’s eastern Abu Tifl field and 12,000b/d of oil will starting pumping by mid-November 2016, with the oil being pumped to Zuetina port.

Iraq Delayed Upstream Bid

Iraq will postpone an upstream bidding round for 12 small and medium-sized oil fields across three provinces until mid 2017.

Mott MacDonald Awarded Oil Terminal Deal

Qaiwan Group has appointed Mott MacDonald to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan.

Yaran Field Began Oil Output

Iran has begun first oil production from North Yaran field shared with Iraq after years of delay. The development manager of the field, Arash Baqerzadeh, said that the production from the field has begun with 30,000b/d.

Iran’s Oil Exports to Decline by 7.5%

Iran's crude oil exports are set to decline up to 7.5% in November to a four-month low, as the seasonal demand is low in Europe.

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