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Iraq Plans New Oil Export Pipelines

Date : Jul 22, 2019

As Iraq exports most of its crude oil production, the Iraqi government is trying to diversify its oil export outlets in a bid to avoid any damage that could result from the tense security situation in the Gulf region.

 

Iraqi Prime Minister Adel Abdul Mahdi said in a press conference July 9 said that the government was considering export routes through Syrian and Jordanian territory, and added that Baghdad is “worried about the current events in the Strait of Hormuz and their potential impact on the Iraqi economy.”

 

Last month, Iraq's production of crude oil reached 3.52 milli...

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Main Gas Fields in KG-D6 Block in Late Life Stage: Reliance

Date : Jul 22, 2019

Reliance Industries has said its flagship natural gas fields in the KG-D6 block in the Bay of Bengal are in “a late life stage” with output plummeting to an all-time low. The company, beginning mid-2020, will bring to...

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Qatargas Successfully Delivers 3000th LNG Cargo to Japan

Date : Jul 22, 2019

Qatargas, the World's Premier LNG Company, announced a historic milestone as it successfully delivered the 3,000th Liquefied Natural Gas (LNG) cargo to Japan since the first ever Qatari shipment was delivered to...

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Noble Corp Receives Extensions for Jack-ups Rigs in UK & Saudi Arabia

Date : Jul 22, 2019

Offshore drilling contractor Noble Corporation has been awarded contract extensions for two jack-up rigs in the UK and Saudi Arabia. In its latest fleet status report released on Thursday, Noble Corp. said that Total had awarded a...

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KBC to Enhance Triple Bottom Line Performance of ME Oil Refineries

Date : Jul 19, 2019

Three oil refineries to benefit from enhanced resilience from KBC’s Profit Improvement Program® amid growing risk of oil demand under-performance. To combat imminent global economic headwinds, KBC (A Yokogawa Company) has...

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Diesel Sent from Patna for Trial of Petroleum Pipeline

Date : Jul 19, 2019

The petroleum pipeline from India to Amlekhgunj is set to come into operation soon. Diesel has been sent from Patna of Bihar Wednesday for trial of the pipeline and it is expected to reach Amlekhgunj by Thursday evening, according to...

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BPCL to Set Up Ethanol Biorefinery in Maharashtra

Date : Jul 19, 2019

The Bharat Petroleum Corporation (BPCL) will set up Maharashtra’s first-ever ethanol biorefinery at Vidarbha’s Bhandara district. The project will entail an investment of Rs 1,500 crore.

 

The...

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Iraq to Sign Deal with Honeywell for Artawi Gas Processing, says Ministry

Date : Jul 19, 2019

Iraq's oil ministry said on Tuesday it would sign an agreement on Wednesday with U.S. energy company Honeywell to process natural gas from its Artawi southern oilfield.

 

The memorandum of understanding would "develop...

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India Cannot Afford to Ban Petrol and Diesel Vehicles: Petroleum Ministry

Date : Jul 18, 2019

Though the government is currently pushing for the greater use of electric vehicles with an aim of cutting down on its imports for oil in order to save the environment, it has no plans to completely ban the use of petrol and diesel-powered...

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Sufficient Oil Available to Offset India’s Lost Iranian Imports: Petroleum Minister

Date : Jul 18, 2019

There are adequate oil supplies in the market to compensate for lost oil imports from Iran, Indian oil minister Dharmendra Pradhan said in New Delhi on Tuesday. India halted imports from Iran after the United States' May...

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Indo-Nepal Petroleum Products Pipeline Ready for Commercial Operation

Date : Jul 22, 2019

This is the first transnational petroleum pipeline from India and the first South Asian oil pipeline corridor. It is also the first oil pipeline in Nepal. Indian Oil Corporation (IOC) and Nepal Oil Corporation (NOC) have successfully completed the testing transfer of the pipeline. The diesel released from Motihari in Bihar received at Amlekhgunj in Nepal on Friday. The pipeline is now technically commissioned and ready for launch. The oil pipeline will ensure smooth, cost-effective and environment-friendly supply of petroleum products to Nepal.   The prestigious project is expected to be inaugurated soon by the Prime Minister Narendra Modi and his Nep...

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GASCO awards US$ 2.1 contract for the construction of fourth LNG train.

Date : Not Given

A joint venture Petrofac Emirates in partnership with GS E&C has been awarded a contract from GASCO. Petrofac confirmed the news on Thursday, that it has received the award letter from GASCO. The US$ 2.1 billion worth award is a 48-month contract, which...

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UAE's Oil Pipeline Near Completion

Date : Not Given

Mohammad Bin Dha'en Al Hameli, UAE Minister of Energy said that a pipeline to send the oil of the United Arab Emirates directly to the Indian Ocean instead of being shipped by tanker through the Strait of Hormuz, probably will be finished this year. The...

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Qatar Petroleum and Exxon Mobil Corp plans to sell $2.3bn bonds for expansion.

Date : Not Given

An HSBC spokesman said that a joint venture between Qatar Petroleum and Exxon Mobil Corp plans to sell up to $2.3 billion in...

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Honeywell awarded contract by GASCO

Date : Not Given

Honeywell announced that it has been awarded a contract to develop a product information and shipping management solution for Abu Dhabi Gas Industries .GASCO., a subsidiary of the Abu Dhabi National Oil Company .ADNOC. Honeywell was selected by GASCO to...

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Kuwait Keen on Stake in Indian Oil Corp.

Date : Not Given

Kuwait's Oil Minister, Sheikh Ahmad al-Abdullah al-Sabah, has said that Kuwait would be keen to buy strategic stake in public...

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Palatana mega power plant unit to be operational by first quarter of 2012

Date : Not Given

The first unit of the 726 MW Palatana mega power project in Tripura, India, will be operational by first quarter of 2012, said...

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Dewa to Open Coal-Fired Power Plant Tender in May

Date : Not Given

27 Apr 2015: Dubai Electricity and Water Authority .Dewa. will open a tender in two weeks to build a coal-fired plant with a...

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Logstor Wins Pre-Insulated Pipes Contract for Qatar Project

Date : Not Given

Al Jaber Construction has commissioned Logstor, a global leader in pre-insulated pipes, to supply 20 km of pre-insulated pipes...

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Saudi-Japan Petrochemical plant gains momentum

Date : Not Given

The Saudi-Japan Joint Project at the Nippon Oil Refinery in Mizushima, Japan will begin semi-commercial production in 2012. The project is a joint collaboration in technology between Saudi Aramco, KFUPM, Japan Cooperation Center-Petroleum .JCCP., and...

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Ibn Rushd Receives Bids for its USD 500 mn PET Plant at Yanbu

Date : Not Given

Arabian Industrial Fibre Company has received technical bids for the engineering procurement and construction contract for its...

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