Turkish energy minister Berat Albayrak said Thursday the Trans-Anatolian Natural Gas Pipeline (TANAP) will be commissioned before July, as part of the $45 billion Southern Gas Corridor (SGC) which will transport Azeri gas to Europe, Kallanish Energy learns.
Saudia Arabia, one of the largest crude oil producers in the world, plans to double its natural gas production in the next 10 years, contributing to carbon emissions reduction, energy minister said Wednesday.
Russian banks and a Russian-Chinese investment fund are interested to invest in what could be the largest initial public offering in recent times, the Saudi Aramco’s floating of shares, a Russian senior executive said Wednesday.
Iraqi oil ministry said Thursday it has approved plans for the construction of a new crude oil refinery in the country, with capacity to process 70,000 barrels per day (BPD) of crude, Kallanish Energy learns.
Abu Dhabi’s state-owned oil company, ADNOC, will invest $3.1 billion in an upgrade to its Ruwais oil refinery, in a project that will enable crude processing flexibility, freeing up “valuable” local crude for exports.
Italian oil major Eni has made a lean gas discovery offshore Cyprus, confirming what it called the extension of the “Zohr like” play in Cyprian waters, the firm told investors in a statement on Thursday.