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Saudi Aramco to acquire 20 per cent of India’s Reliance Industries Ltd refining unit

Reliance Industries Limited Monday said Saudi Arabia’s global oil giant Aramco is in line to acquire 20 per cent of oil to chemicals business. The investment, according to Reliance Industries Limited chairman, Mukesh Ambani, is the biggest by a foreign entity into the company and even in India’s history The operation value is estimated at […]

August 13th, 2019 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Qatar Petroleum acquire shares in Total Guyana offshore blocks

Qatar Petroleum Monday announced it acquired a new exploration and production deal with Total Guyana, in Latin American. The deal involved two blocks, Orinduik and Kanuku. Under the agreement subject to customary regulatory approvals by the government of Guyana, the Qatari state-run giant will control 40 per cent of Total’s existing 25% participating interest in […]

July 31st, 2019 | Posted in Energy,Gulf News,Headlines | Read More »

Eni announces new production onshore Egypt

Eni has announced that production from South West Meleiha Development Lease, located in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa, has started. The current production, delivered through two oil producer wells, is around 5.000 barrel of oil per day (BOPD) and is expected to reach 7.000 BOPD within September […]

July 23rd, 2019 | Posted in Energy,Headlines,World News | Read More »

Oman: Norwegian DNO ASA hand over Block 8 operation

DNO Oman Block 8 Limited, the subsidiary of the Norwegian firm DNO ASA has handed over its stakes in the operation and participation of Block 8 to the Sultanate of Oman’s Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP) as expiration of commercial term of the exploration […]

January 4th, 2019 | Posted in Energy,Headlines | Read More »

UAE: Umm Al Qaiwain Emirate to have a 200MW solar energy plant

UAE’s Federal Electricity and Water Authority (Fewa) will build a 200MW solar energy plant in the northern Emirate of Umm Al Qaiwain under an agreement between the federal authority and the local government of the emirate. The project will be put in place at Falaj Al Mu’alla over 5-million meters and will provide the emirate […]

December 26th, 2018 | Posted in Energy,Headlines | Read More »

Kuwait: Oil Minister Resigns

Kuwait’s Prime Minister Jaber Mubarak Al-Sabah has accepted the resignation of oil minister, Bakhit al-Rashidi who has been under fire by lawmakers over mismanagement of the country’s oil industry, which provides 90 per cent of public revenue. Al-Rashidi submitted his resignation early this month under mounting pressure from members of parliament who have assaulted him […]

December 18th, 2018 | Posted in Energy,Headlines | Read More »

State-owned Oman Occidental assigned to explore for oil, gas in two concessions

Oman has penned two agreements granting Oman Occidental, a unit of state-run Oman Oil Co, the rights to explore for oil and gas in concessions 51 and 65. The announcement by the Gulf country’s oil ministry on Twitter says the state gave rights for concession 51 to Occidental Oman and for concession 65 to Occidental […]

December 17th, 2018 | Posted in Energy,Headlines | Read More »

Qatar Petroleum marks first entry into Mozambique

Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of Mozambique. The agreement is subject to customary regulatory approvals by the government of Mozambique. Following such approval, the various partners composing the consortium […]

December 13th, 2018 | Posted in Energy,Headlines | Read More »

Iraq: Washington pushes for end to dependence on Iranian energy

The US has urged Iraqi authorities to put an end to the country’s dependence on Iran for energy as the White House seeks to replace Iranian suppliers with American companies, The New Arab reports. “The time has come for Iraq to break its dependence on others and move forward toward true energy independence,” said US […]

December 12th, 2018 | Posted in Energy,Headlines | Read More »

US grants Iraq waiver on electricity import from Iran

The US administration has given special permission to Iraq to continue importing energy from Iran despite fresh sanctions on Tehran and threats against countries wishing to continue trade with the Islamic regime. The US State Department’s representative on Iran, Brian Hook, Wednesday, told reporters that Washington is allowing Bagdad to continue relying on Iran for […]

November 9th, 2018 | Posted in Energy,Headlines | Read More »