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British Petroleum (BP) signed a memorandum of understanding to increase the flow of oil from the oil fields of Kirkuk, in the country’s north. BP has been asked by the Iraqi oil ministry to boost production capacity from the field Read more
Some 1,000 villages in Morocco were supplied with green energy at the completion of a project jointly carried out by the Abu Dhabi-headquartered Masdar and the Moroccan Office National de l’Electricité et de l’Eau Potable (ONEE). The initiative, named Morocco Read more
As oil prices rise to hit a four-year high of $70 a barrel, the UAE’s Energy minister Suhail al-Mazrouei expects the markets to stabilize after a dip that lasted since the end of the expensive oil era in 2014. He Read more
Iraq will start exporting oil from the northern fields of Kirkuk to Iran by the end of January, Iraqi oil minister announced. Jabbar Alluaibi said about 30,000 barrels per day will be trucked to Iran’s Kermanshah refinery in the first Read more
Qatar Petroleum has announced that the country’s two Liquefied Natural Gas producers have been combined into a single gas company with a goal to save up to $500 million annually in operation costs. Qatar Pertroleum’s chief executive Saad al-Kaabi announced Read more
Egypt plans to join a Gulf power link with the signing of agreements next April with Saudi Arabia to finance the $1.6 bln project. Quoted by Bloomberg, Egypt’s Electricity Minister Mohamed Shaker said his country will finance $600 million adding Read more
British Petroleum (BP) Oman has charged Petrofac to carry ‘development of a central processing facility (CPF) at the Khazzan Phase Two (Ghazeer) gas development with a contract estimated at $800 million. The contract is the second received by the oilfield Read more
Iraq announced that it plans to build a new pipeline that will ship oil from Kirkuk’s oilfields to the Ceyhan port in Turkey, in an attempt to reduce dependence on the pipeline crossing the territories under the administration of the Read more
Analysts expect oil prices to come down by year-end despite the political tension inside Saudi Arabia, OPEC’s main producers, and the turmoil plaguing several other oil producing countries. Ahead of next week’s OPEC meeting in Vienna, crude oil prices are Read more
Saudi Arabia announced Monday it will start extraction of its own uranium to supply its nuclear program with construction of two nuclear plants to be awarded end of next year. The move is in line with the kingdom’s plans to Read more