Gulfoilandgas.com Middle East Newshttp://www.gulfoilandgas.com/Gulfoilandgas.com NewsCopyright 2017. All rights reserved.en-us60http://www.gulfoilandgas.com/webpro1/frame/GulfOil.gifgulfoilandgas.comhttp://www.gulfoilandgas.com/Sat, 25 Feb 2017 07:44:41 GMTSaudi Aramco in Lead to Buy OMV's Turkish Unit Petrol OfisiWed, 22 Feb 2017 00:00:00 GMTOil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV , sources familiar with the matter said. Saudi Aramco has place...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57504&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meADNOC Signs 10-year Deal for sale of 528,000 tonnes of LPG p/a to VitolWed, 22 Feb 2017 00:00:00 GMTThe Abu Dhabi National Oil Company, ADNOC, has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 year...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57484&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meLukoil and Inpex Successfully Complete Well Test at Block 10Wed, 22 Feb 2017 00:00:00 GMTLUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq. The well recorded daily flow rate of more than 1,000 cubic meters of swee...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57479&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_mePre-feasibility Study for Oman Fertilizer Project Under WayTue, 21 Feb 2017 00:00:00 GMTPre-feasibility studies are under way aimed at assessing the viability of establishing a commercial-scale fertilizer project in the Sultanate utilising potentially substantive potash deposits in the U...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57487&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meSaudis Plans $50b Renewable Energy Projects to Cut Oil UseTue, 21 Feb 2017 00:00:00 GMTSaudi Arabia is kicking off its $50 billion renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing energy demand. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57486&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIraq & Iran Signs MOU for Joint CooperationTue, 21 Feb 2017 00:00:00 GMTMr. Jabbar A. Allibi the minister of oil signed a memorandum of understanding with his Iranian counterpart Mr. Beigin Zangana to establish joint committees to finish some of the important cases. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57483&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meRosneft and KRG Signed an Oil DealTue, 21 Feb 2017 00:00:00 GMTRosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the I...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57482&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meDelek Signs Agreement for Leviathan FinancingTue, 21 Feb 2017 00:00:00 GMTDelek Group announces that further to immediate report dated November 27, 2016 (Ref No. 2016-01-132058), with regard to a signature of a Commitment Letter for the signing of a financing agreement, the...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57477&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meKuwait to Raise Oil Output Capacity to 4.75 mln bpd by 2040Tue, 21 Feb 2017 00:00:00 GMTOPEC-member Kuwait plans to raise its oil production capacity to 4.75 million barrels per day (bpd) by 2040 as part of a strategy to expand its downstream investments, Kuwait state news agency reporte...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57473&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meBechtel Awarded National Project Management Contract in Saudi ArabiaMon, 20 Feb 2017 00:00:00 GMTBechtel, a global leader in engineering, procurement, and construction, has been awarded a contract to support setting up and operating the National Project Management Organization (NPMO) in Saudi Ara...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57475&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meAbu Dhabi Awards China's CEFC 4 pct of Oil Concession for $900 mlnMon, 20 Feb 2017 00:00:00 GMTAbu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi National Oil Co (ADNOC) said. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57447&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meRosneft Started Drilling of the First Exploration Well in IraqMon, 20 Feb 2017 00:00:00 GMTThe company of Rosneft group started drilling of the first exploration well at the Block 12 in the Republic of Iraq. Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57442&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIraq, Iran Consider Building Pipeline to Export Kirkuk CrudeMon, 20 Feb 2017 00:00:00 GMTIraq and Iran signed a memorandum of understanding to study the construction of a pipeline to export crude oil from the northern Iraqi fields of Kirkuk via Iran, the Iraqi oil ministry said in a state...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57441&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIraq Ministry of Oil Extinguishes the Well No.77 in Qayara Oil FieldMon, 20 Feb 2017 00:00:00 GMTThe ministry of oil declared for the extinguishing of the well No.77 in Qayara oil field. The spokesman of the ministry Mr. Assim Jihad said that the technical and engineering staff of the north oil c...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57426&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIraq's Oil Reserves Increase to 153 Billion BarrelsMon, 20 Feb 2017 00:00:00 GMTMr. Jabbar A. Allibi the minister of oil declared for the elevation of the Iraqi reserves to (153) billion barrels. Mr. Allibi said that the exploration & reservoir activities in (7) oil fields in the...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57416&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meMiddle East to Invest $294b in Oil and Gas ProjectsSun, 19 Feb 2017 00:00:00 GMTOil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57421&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meADNOC Awards CNPC Stake in ADCO Onshore ConcessionSun, 19 Feb 2017 00:00:00 GMTAbu Dhabi National Oil Company (ADNOC), signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a s...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57400&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meSaudi Oil Pipeline Leak Causes One Death, Three InjuriesSat, 18 Feb 2017 00:00:00 GMTAn oil leak in a Saudi Aramco pipeline in eastern Saudi Arabia caused one death and three injuries, a Saudi newspaper said. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57378&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meLamprell Delivers New NDC Jack-up Drilling RigFri, 17 Feb 2017 00:00:00 GMTLamprell, a leading provider of diversified engineering and contracting services to the energy industry, announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”,...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57399&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIraq Plans to Acquire 'Large Fleet' of Oil TankersFri, 17 Feb 2017 00:00:00 GMTIraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=57397&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_me