Iraq to upgrade southern oil output capacity in 2019: Basra Oil Co
BASRA (Reuters) – Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day (bpd) by the end of 2019 and to 450,000 bpd by the Continue Reading
Saudi Aramco builds new retail network, certifies reserves
Saudi Arabia’s Aramco has created a retail network under its name to sell automotive and aviation fuel, as well as certified reserves through a third party, in moves that coincide Continue Reading
Iran’s crude exports stay subdued in January despite waivers: sources
Iran will see its crude exports severely curtailed for a third month in January as it is struggling to find new buyers amid fresh U.S. sanctions even though its traditional Continue Reading
Saudi Arabia Closes $500 Million Wind Farm Deal
Saudi Arabia has made a first tangible step to generate electricity from sources other than oil and gas, awarding a contract on Thursday for the Kingdom’s first utility-scale wind farm. Continue Reading
UAE energy minister says it is an important year for diversifying energy mix
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Twitter on Wednesday that 2019 was an important year for the country as it moves ahead with diversifying its energy mix. Continue Reading
No ‘either-or’: Iraq wants both Siemens and GE for fast-track power boost
Iraq is significantly narrowing the scope of impending deals with two international companies that had been competing for massive, long-term contracts, as the Electricity Ministry sharpens its focus on the Continue Reading
Saudi Arabia Edges Toward Bet on Booming U.S. Energy Sector
Companies with projects being considered include Tellurian Inc., a Houston-based LNG developer known for its intention to ship gas from its planned Driftwood terminal in Louisiana, the people said. In Continue Reading
U.S. sanctions are putting pressure on Iran and Iranians: supreme leader
U.S. sanctions are putting pressure on Iran and its people, Iranian Supreme Leader Ayatollah Ali Khamenei said on Wednesday, according to his official website. U.S. President Donald Trump pulled out Continue Reading
Saudi Arabia to announce slight rise in oil, gas reserves after audit: source
Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently audited on Wednesday, according to a source familiar with the matter. Continue Reading
Saudi Arabia seeks buyers for new dollar bonds
Saudi Arabia is tapping international investors with a new set of debt, becoming the hhighest-profileentrant to the bond market for the opening days of the year with its first issue Continue Reading