Total energy investment in the Middle East and North Africa (MENA) could approach $1 trillion over the next five years, according to the latest MENA Energy Investments Outlook, published by the Arab Petroleum Investments Corp. (APICORP).
Korea’s Hyundai Engineering (HEC) and Iran’s state-run Ahdaf Investment Company signed a $3.2 billion deal for the construction of the second phase of the Kangan Petro-Refinery project, Kallanish Energy learns.
Turkish liquefied natural gas (LNG) terminal Marmara Ereglisi, near Istanbul, will receive another LNG cargo from Algeria on board of the Bachir Chihani tanker on March 19, Kallanish Energy learns from shipping tracking data.
HOUSTON – The historic OPEC/non-OPEC agreement reached late in 2016 by most members of OPEC and 11 non-OPEC producers is basically on track, according to the leader of the world’s largest oil producer.
China’s photovoltaics manufacturer, JinkoSolar, announced Wednesday it has entered into a 25-year power purchase agreement with Japan’s Marubeni Corporation for a solar PV power plant in Abu Dhabi, Kallanish Energy learns.
French oil supermajor Total is eyeing another investment in Iran post-sanctions, by entering the country’s liquefied natural gas (LNG) exports facility project, Iran LNG, industry sources said on Tuesday.
Qatar Petroleum plans to merge two petrochemical units in its latest business consolidation, as the world’s fourth-largest oil and natural gas producer seeks to cut domestic costs and expand internationally.
In late 2016, high crude oil production in Saudi Arabia and Iraq, as well as seasonally low internal demand in Saudi Arabia, contributed to record exports from Iraq and near-record exports from Saudi Arabia to the U.S.