Iraq and Algeria support the extension of crude oil production cuts by OPEC and non-OPEC producers through the end of the year to try to boost prices, the countries said in a joint statement Thursday.
Qatar General Water & Electricity Corporation (Kahramaa) has awarded Siemens a €790 million ($859 million) contract to supply 35 substations that will power steel, as well as oil and gas and petrochemical plants in Mesaieed industrial area.
Iran’s state-run oil company, NIOC, is reportedly in the final phase of negotiations with Austria’s OMV to sign a contract selling 40,000 barrels per day (BPD) of crude oil, which would help Tehran to pay its outstanding debt to OMV.
Kuwait Energy, an oil and gas explorer, revealed on Wednesday its plans to be admitted to the London Stock Exchange (LSE) in June, in a move aimed at becoming the leading independent oil and gas company in the Middle East and North Africa region, Kallanish Energy reports.
Saudi Arabia’s deputy crown prince Mohammed bin Salman has dismissed domestic criticism against plans to float in the market a roughly 5% stake in the kingdom’s state oil company Saudi Aramco, reinstating the initial public offer (IPO) will go ahead in 2018.
Swedish-Swiss power technology provider ABB said Tuesday it has supplied 400 string inverters to harvest solar energy in Dubai’s first all-electric city, known as the Sustainable City, Kallanish Energy learns.
Natural gas consumption at Oman’s industrial zones, which includes industrial estates, mining and cement companies, have surged 13.1% in the first two months of the year, Kallanish Energy learns from official data on Tuesday.
Oman Oil Company Exploration & Production (OOCEP), a subsidiary of Oman Oil Company, and Shell have signed a heads of agreement to collaborate on the onshore oil and gas Block 42, located in the northeast coast range of the Oman Mountains.