UAE | Egypt Oil & Gas - Part 24
ADNOC, BlackRock, KKR Close Infrastructure Agreement
The Abu Dhabi National Oil Company (ADNOC) announced that it has closed a pipeline infrastructure investment agreement with BlackRock and KKR. The companies signed the initial agreement in February 2019 to invest $4 b...
OPEC Extends Production Cuts to March 2020
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend oil production cuts until March 2020, during their meeting in Vienna on July 1. Meanwhile, forecasted oil demand growth for 2019 has be...
NPCC Inaugurates ADNOC’s Offshore Platform
National Petroleum Construction Company (NPCC) has completed constructing the Umm Lulu Gas Treatment Plant (ULGTP), one of the largest offshore oil platforms in the world, for the Abu Dhabi National Oil Company (ADNOC...
ENOC to Build 3 Fuel Stations For Expo 2020
The Emirates National Oil Company (ENOC) plans to establish three fuel stations at Expo 2020 Dubai, Mubasher reported citing Emarat Al Youm. ENOC plans to add electric vehicles charging outlets to the new stations, wh...
ADIPEC 2019 Awards Open for Submissions
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) Awards announced that its 9th edition is now open for submissions. The event, hosted by the Abu Dhabi National Oil Company (ADNOC) on November 1...
UAE to Maintain Oil Supplies to India Despite Attacks
The UAE has confirmed that Emirati oil and liquefied petroleum gas (LPG) supplies to India will not be affected by the recent attacks on oil tankers near the Strait of Hormuz, Reuters reported. Sultan Ahmed Al Jaber, ...
OPEC Edges Closer to Extending Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) is about to make its decision to extend the production cut agreement, the UAE energy minister Suhail Al-Mazroui revealed during the International Economic F...
Dragon Oil Acquires BP’s Stake in GUPCO
The Vice Chairman of Dragon Oil, Saeed Mohammed Al Tayer has welcomed the agreement with BP to acquire its stake in the Gulf of Suez Petroleum Company (GUPCO), Egypt Oil & Gas reports. Dragon Oil, a subsidiary of ...
