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Qayara Refinery Available for Investment

Date : Feb 22, 2018

The Ministry of Oil has announced an opportunity to invest in a 100,000-bpd refinery at the Qayara field in Ninawa governorate.

 

In a statement, the Ministry said:

 

The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments.

 

The products of the refinery must be environment friendly according to the international standards.

 

The tax breaks must be according to the investment law No.13 for the year 2006.

 

In accordance wit...

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Spanish Firm Signs Partnership Agreement for Water Services in Sohar Port

Date : Feb 22, 2018

Majis Industrial Services has signed a partnership agreement with FCC Aqualia, regarding the establishment of Oman Sustainable Water Services to manage the operation and maintenance of all services related to water in...

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Arcelormittal Mulling 600 MW Solar Farms in Karnataka

Date : Feb 22, 2018

ArcelorMIttal, which earlier this week submitted a bid to acquire Essar Steel, has said it exploring the possibility of establishing a 600 MW solar farm by utilizing the land in Karnataka originally allotted to it for a proposed $6.5...

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U.S’s Chevron Restarts Drilling in Kurdistan Region of Iraq

Date : Feb 22, 2018

U.S. oil company Chevron Corporation said it had resumed drilling operations in the Kurdistan region of Iraq (KRI). “Chevron can confirm that it has resumed its activities in the KRI and we have restarted drilling operations at...

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India: R K Mohapatra Takes Over as Director (HR) at Indian Oil Corporation

Date : Feb 21, 2018

Indian Oil Corporation (IOC), the nation's largest fuel retailer, yesterday announced Ranjan Kumar Mohapatra has taken over as Director (Human Resources) on the company's board with effect from today. Prior to his promotion as Director...

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Zubair SEC, ARA Petroleum Sign Agreement to Support SMEs

Date : Feb 21, 2018

Oman-based Zubair Small Enterprises Centre (Zubair SEC) recently signed a collaboration agreement with ARA Petroleum in support of SMEs.

 

The signing ceremony was attended by Hussam Muhammad Al Zubair, board...

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World Oil Demand Expected to Reach 98.6 mbpd in 2018

Date : Feb 21, 2018

World oil demand is foreseen to reach 98.60 mbpd in 2018, representing growth of 1.59 million barrels per day (mbpd), 60,000 barrels per day higher than the previous month’s projections and mainly reflecting the positive...

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Renish Names Group Director for UAE

Date : Feb 20, 2018

Renish Group, a fast-growing company in the oil storage space, has appointed Rakesh Mehra as its new chief executive officer for Southeast Asia and also the group’s director for strategy and...

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Siemens Signs R&D Deal with KFAS, SACGS

Date : Feb 20, 2018

Siemens has signed a memorandum of understanding (MoU) with the Kuwait Foundation for the Advancement of Sciences (KFAS) and Sabah Al Ahmad Centre for Giftedness and Creativity (SACGC) for cooperation in the field of R&D and...

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India: PM Dedicates Fourth Terminal at JNPT

Date : Feb 20, 2018

Prime Minister Narendra Modi dedicated Phase-I of the fourth container terminal at the Jawaharlal Nehru Port Trust (JNPT) to the nation on 18 February 2018.

 

The total cost of the project is Rs 7,915 crore....

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DEWA to set up First Solar-Driven Hydrogen Electrolysis Facility

Date : Feb 23, 2018

Dubai Electricity and Water Authority (Dewa), Expo 2020 Dubai and Siemens signed a memorandum of understanding (MoU) to kick-off a pilot project for the region’s first solar-driven hydrogen electrolysis facility at Dewa's outdoor testing facilities at the Mohammed bin Rashid Al Maktoum Solar Park.   The agreement was signed during the 6th World Government Summit in Dubai, UAE, by Reem Al Hashimy, UAE Minister of State for International Cooperation and director general, Dubai Expo 2020 Bureau; Saeed Mohammed Al Tayer, managing director and CEO of Dewa; and Joe Kaeser, president and CEO of Siemens, said a statement.   The facility a...

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PDO, GlassPoint Inaugurate Miraah Solar Plant

Date : Feb 23, 2018

Petroleum Development Oman (PDO) and GlassPoint Solar have inaugurated the Miraah solar plant, located at the Amal oilfield in the south of Oman. The plant will be among the world’s largest solar projects on...

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Petronas Inks LNG Supply Deal with India’s Hiranandani

Date : Feb 23, 2018

Petroliam Nasional Bhd's (Petronas) subsidiary will supply Liquefied Natural Gas (LNG) to India after inking a deal with H-Energy Mideast DMCC (HEMD). The national oil company said Petronas LNG Ltd had signed a sale and purchase...

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Bengal Govt to Award India's Largest Floating Solar Plant by March

Date : Feb 23, 2018

The West Bengal government was expecting to award the country's single largest grid connected floating solar power project in Murshidabad by March, a top official said here today.

 

"Tender had been...

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India 'Strongly Committed' To TAPI Gas Pipeline Project, says M J Akbar

Date : Feb 23, 2018

India today said it was "strongly committed" to the USD 10 billion trans-national TAPI pipeline project that will help ease energy shortages in South Asia, but voiced concerns over the security and predictability of supply...

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Sebacic Plans Bio-based Nylon Project in Duqm

Date : Feb 23, 2018

Sebacic Oman plans to build a bio-based nylon project as forward integration of its soon-to-be-commissioned sebacic acid project in the Duqm free zone of the sultanate, said a report.

 

The...

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DEWA to Complete Water Pipeline Project in October

Date : Feb 22, 2018

Dubai Electricity and Water Authority (Dewa) said it has made significant progress on its pipeline projects running 25 km across various parts of the emirate.

 

The project involves the extension of...

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BHEL Gets Rs 10.34 Bn Order from HPCL for its Visakhapatnam Refinery

Date : Feb 22, 2018

State-run power equipment maker Bharat Heavy Electricals Limited on Wednesday said it has bagged a Rs 10.34 billion gas turbine-based captive power plant order from HPCL. In a regulatory filing, Bharat Heavy Electricals Ltd (BHEL)...

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ReNew Power Signs MoU for Rs 14,000 cr Investment

Date : Feb 21, 2018

Renewable energy company, ReNew Power, has entered a memorandum of understanding (MoU) with the Maharashtra government.

 

The company has signed an agreement for a proposed investment of Rs 14,000 crore in the...

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Al-Zour Refinery Works is 45% Complete; Set for 2019 Completion

Date : Feb 21, 2018

Nearly 45 percent of the work on the Al-Zour refinery in Kuwait has been completed and the project is on track for opening early next year, said the country's oil minister.

 

The Al-Zour refinery project...

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