Middle East | Egypt Oil & Gas - Part 5
Kuwait Invested $4.8b in Oil, Gas
During the third quarter of 2016, Kuwait awarded a total of $12b worth of contracts, 42% of which are in the country's oil and gas sector at about $4.8b in investments.
Iran, Armenia Signed Gas MoU
Iran’s National Gas Export Company and Armenia’s Energoimpeks signed a memorandum of understanding (MoU) for the transit, sale, and purchase of gas.
Sonatrach to Upgrade Oil Refinery
Sonatrach awarded the China Petroleum Engineering and Construction Corporation (CPECC) a $410m contract to renovate and upgrade an oil refinery near the capital, Algiers.
Oman to Invest $1.8b in Petchem
The state-owned Oman Oil Company (OOC), the national petroleum investment company, plans to progress the implementation of three strategically petrochemical ventures by 2017. The total investment worth $1.81b.
Aramco Increased Oil Prices to Asia
Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.
Iran, Poland Signed MoU
The National Iranian Oil Company (NIOC) and Polish state owned PGNiG, signed a memorandum of understanding (MoU), accordingly PGNiG will conduct primary studies on Iran’s Sumar oil field in the Iranian western provin ...
Leviathan Gas Field to Yield 12bcm/y
Partners in Israel's Leviathan natural gas field declared that the project's first development stage will include a capacity of 12bcm/y of gas. Further stages could include an additional 9bcm/y of gas.
Kuwait Cut Fuel Premiums
Kuwait Petroleum Company (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at almost half its 2016 premiums.
