Middle East | Egypt Oil & Gas - Part 8
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. The joint venture aims to improving quality of service and support for...
Iran to Develop 4 Oil Fields
The National Iranian South Oil Company’s (NISOC) Managing Director, Bijan Alipour, declared that the company will develop four oilfields, Parsi, Karanj, Rag Sefid, and Shadgan, which include nine reserves, in ac...
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol, a global energy trading house, are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises, reported Reuters. In an attempt to av...
Aramco, Nabros Formed Drilling Partnership
Saudi Aramco signed an agreement to form a new joint venture (JV) in Saudi Arabia to manage and operate onshore drilling rigs with the Anglo Energy company, Nabors. The joint venture, which will be equally owned by Sa...
QP, ExxonMobil Formed Ocean LNG
The state owned company, Qatar Petroleum (QP), announced the establishment of Ocean LNG Limited, which is a joint venture (JV) with ExxonMobil. The newly established company’s core business will be marketing fut...
Blast Damaged Iran-Turkey Gas Pipeline
National Iranian Gas Company’s (NIGC) spokespersons, Majid Bojarzadeh, said that Ankara had informed Tehran of a problem in the pipeline that carries Iranian gas to Turkey. This has resulted in a halt in gas sup...
Kuwait, Bahrain to Build Aromatic Plant
Kuwait’s Petrochemical Industries Company (PIC) signed a deal with Bahrain’s National Oil and Gas Authority (NOGA) to build a joint aromatics factory in the Kingdom, reported KUNA. PIC’s CEO, Mohammad Al-Farhoud, said...
Iran to Export 2.5mb/d of Crude
The National Iranian Oil Company’s (NIOC) Managing Director, Ali Kardor, said that Iran’s exports of crude oil are expected reach 2.5mb/d by the end of the Iranian fiscal year, which concludes on March 20,...
