Middle East | Egypt Oil & Gas - Part 5
Mott MacDonald Awarded Oil Terminal Deal
Qaiwan Group has appointed Mott MacDonald, a multidisciplinary consultancy, to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan which is schedu...
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/...
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, Gulf News reported. Iran’s oil exports typically hit a low around October or...
Aramco Awarded $1b Deals to Saipem
Saudi Aramco awarded the Italian oil service group Saipem two contracts for new offshore engineering and construction contracts worth around $1b. The contracts include development of Marjan, Zuluf in the Arabian Gulf...
Turkey’s Nuclear Power to Start in 2023
The Turkish Energy Minister, Berat Albayrak, declared that Turkey expects the first unit of its planned $20b Akkuyu nuclear power plant, being built in collaboration with Russia, to be online by the end of 2023, repor...
Dana Gas Earned $13m
Dana Gas, the Sharjah-based natural gas company, declared a third quarter net profit of $13m, compared to a net loss of $9m during the same period in 2015, reported Gulf News. The nine-month net profit stood at $26m, ...
ACWA Setup New Renewable Firm
Saudi Arabia-based ACWA Power is set to launch a new company that will group its existing renewable energy portfolio and act as a platform to capitalize on the rapidly growing market potential for renewable energy in ...
Total to Develop Iran’s South Pars field
Total’s Head of Middle East Exploration and Production, Stephane Michel, said that the company signed memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to develop a major offshore gas fie...
