The natural resources minister of Iraq’s Kurdistan has said the region is ready to export oil at a rate of 100,000 barrels per day (bpd) through neighbouring Turkey, Aswat al-Iraq has reported. “Oil exportation from Kurdistan will start as soon as a new Iraqi government is formed,” Ashti Horami was quoted as saying. Exports could [...]
Qatar has expressed interest in developing gas fields on Yamal, a Russian peninsula near the Arctic Ocean with enough gas in the ground to satisfy world demand for five years, Reuters has reported. State-run Russian gas export monopoly Gazprom said that it had discussed the “high potential” for deals with state oil firm Qatar Petroleum [...]
Salem Shaheen, CEO of Saudi Aramco Total Refining and Petrochemical Co has said that Saudi Aramco and Total expect to raise $8bn in debt financing for the joint refinery and petrochemical project in the “coming months,” Bloomberg has reported. The 400,000 barrel-a-day refinery in Jubail on Saudi Arabia’s Gulf coast will cost more than $12bn, [...]
The Iraqi oil ministry has said the country has made $4.23bn in revenues from exporting 57.9 million barrels of crude oil last February at the price of $73 a barrel, Aswat al-Iraq has reported. A total of 45.2 million barrels have been exported from Basra oilfields and 12.7 million barrels from Kirkuk, the ministry said.
Abu Dhabi Co for Onshore Oil Operations (ADCO) has awarded UAE-based National Petroleum Construction (NPCC) a $560m contract to develop the first phase of the new Qusahwira Field located south east of the UAE capital, Wam has reported. The project includes construction of a new central degassing station, remote degassing station, oil gathering system, production [...]