Middle East | Egypt Oil & Gas - Part 6

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.

Iran Shipped NGL to Pakistan

Iran has shipped 71,000b of natural gas liquids (NGL) to Pakistan. The shipment of heavier gas products was loaded from the Sirri refinery terminal located on the Persian gulf island

PDO Signed $200m Supply Contract

Petroleum Development Oman (PDO) has signed a $200m pipe supply contract for four years with an Omani factory as part of its in-country value (ICV) strategy.

ADNOC Launched its 2030 Strategy

Abu Dhabi’s Supreme Petroleum Council has approved a 2030 strategy of Abu Dhabi National Oil Company (ADNOC) which runs for five-year business plan and operational budget.

Sharjah to Start Huge Seismic Survey

Sharjah National Oil Corporation is to carry out a massive 3D surveys in the hope of finding new oil and gas reserves in which it is expected to be completed by the end of December.

Iran Earned $80m in Oil Exports

Iran crude oil exports have reached 2.44mb/d which marks a new record. Accordingly Iran is receiving above $80m in direct payments every day as a result its exports to international markets.

Iran to Expand LNG Facilities

Iran plans to establish a floating LNG units with 10mt in annual production capacity and building smaller LNG production units which has been put on the agenda within mini-LNG and FLNG projects.

Seoul to Invest $27b in Oman Energy

Oman agreed to allow South Korean companies to participate in the country's large-scale energy and infrastructure projects, which are estimated to a total cost of $27.1b.

EBRD Funded Wind Farm in Jordan

The European Bank for Reconstruction and Development (EBRD) is providing a $70m loan to Green Watts Renewable Energy to help build the 86MW Al Rajef wind farm in southern Jordan.

GAS, Fluid Components Formed Saudi JV

Saudi Arabia’s GAS Arabian Services (GAS) will establish a joint venture with US-based Fluid Components International (FCI) in the Arabic kingdom.

Page 6 of 15

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