The European Commission signed this week the first-ever project for nuclear safety cooperation with Iran, following the nuclear agreement signed in July 2015 between the country and the six Western countries, Kallanish Energy reports.
Saudi Arabia, the world’s largest crude exporter and the biggest contributor to the OPEC output cut deal, has trimmed its crude exports to a 21-month low in February, Kallanish Energy learns from the Joint Organisations Data Initiative (JODI) website.
India’s ONGC Videsh has committed to invest over $3 billion in Iran’s giant gas block, Farzad B, after submitting last month a revised development plan to the Iranian government, Kallanish Energy learns.
Qatar Petroleum announced Monday it will develop a new gas project in the southern sector of the North Field, removing a self-imposed moratorium on development of the world’s biggest natural field in 2005, Kallanish Energy reports.
Saudi Arabia's state-owned oil giant Saudi Aramco has formally appointed JPMorgan Chase, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters.
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.