Libya's oil production has reach 580,000 to 600,000b/d, with the aim of reaching 950,000b/d by the end of the year. While officials are negotiating with western municipalities to yield an additional 380,000b/d output.
Iran planned to inaugurate Persian Gulf Star refinery soon. Iran's first gas condensate refinery which has received $1.74b to complete, with a capacity to produce 360,000b/d.
Libya's Es Sider is to resume exports with its first cargo since force majeure was declared on loadings from the port in December 2014. The cargo will be potentially lifted by Libya's National Oil Corporation (NOC) d ...
Saudi Basic Industries Corp (SABIC) started commercial operations for polybutadiene industrial rubber part of its Al-Jubail Petrochemical Company (KEMYA) joint venture with a unit of Exxon Mobil.
Zion Oil & Gas is moving closer to starting drilling operations in Northern Israel as it compiles with two key conditions set by Israel’s Petroleum Commissioner.
The Algerian sate owned company, Sonatrach, signed a memorandum of understanding (MoU) with Danish Maersk to establish a framework suitable for prospecting new opportunities between the two companies in upstream proj ...
Nakilat Shipping Qatar Limited (NQSL) has signed an agreement with Shell International Trading and Shipping to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL.
The state-run utility firm Korea Electric Power Corporation (KEPCO) agreed to invest $900m in a company operating the first nuclear power plant in the United Arab Emirates (UAE).