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QP Plans Qatar Vinyl and Qapco’s Integration

Date : Feb 27, 2017

Qatar Petroleum (QP) has yesterday announced a plan to integrate the activities of Qatar Vinyl Company (QVC), which is part of Mesaieed Petrochemical, into Qatar Petrochemical Company (Qapco), which is part of Industries Qatar, through a service agreement arrangement.

 

The result will be a single company, Qapco, operating the facilities of both companies. Both Mesaieed Petrochemical and Industries Qatar are listed on Qatar Stock Exchange.

 

The integration will not result in any change to the shareholder ownership but will allow the realisation of synergies through creating a...

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MENA to Spend $294bn on Oil, Gas & Petchem Projects despite Weak Prices

Date : Feb 27, 2017

Oil producers across the Middle East and North Africa (MENA) region are continuing to spend heavily on oil, gas and petrochemicals production capacity despite the fall in oil prices since 2014.

 

New research...

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Odisha Govt Withdraws Tax Sops to IOC’s Pradip Refinery Project

Date : Feb 27, 2017

In a big jolt to Indian Oil, the Odisha government has withdrawn tax incentives given to the Rs 345.55-billion Paradip refinery, making the company reconsider its plans to invest another Rs 520 billion in the state. Less than two...

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IOCL Repairs Section of Mathura-Jalandhar Pipeline Project

Date : Feb 27, 2017

Indian Oil Corporation Ltd (Indian Oil) on Saturday said that it has restored a section of its Mathura-Jalandhar pipeline where illegal tapping was detected.

 

Indian Oil has repaired and restored the...

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Saudi to Appoint JPMorgan, Morgan Stanley for Aramco IPO Role

Date : Feb 23, 2017

Saudi Arabia is close to appointing leading banks – JPMorgan and Morgan Stanley – as lead underwriters on the initial public offering of Saudi Aramco, the world’s largest oil producer, which is aiming to become the...

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Aramco’s Base Oils Biz to Grow its Chemicals Portfolio

Date : Feb 23, 2017

Saudi Aramco has announced that it will enter the base oils business as part of its effort to optimize the value of its petroleum molecules and grow its refining and chemicals portfolio.

 

Saudi Aramco has...

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Centre to Pay Gujarat, Assam Rs 147.15 billion Royalty On Behalf Of ONGC, OIL

Date : Feb 23, 2017

The Centre has agreed to pay the Assam government Rs 63.23 billion as royalty for onshore drilling by two public sector oil exploration companies Oil and Natural Gas Corp. Ltd. (ONGC) and Oil India Ltd. (Oil India) after the parties...

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Tehran, Baghdad Seal Oil and Gas Co-op. Deal

Date : Feb 23, 2017

The petroleum ministers of Iran and Iraq have signed a memorandum of understanding (MoU) for cooperation in various oil and gas-related grounds.

 

The document concerns development of joint oil and gas fields...

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MP Dharmendra Pradhan Pitches for More Engagement in Myanmar in Oil and Gas Sector

Date : Feb 23, 2017

Underscoring Myanmar’s huge unexplored hydrocarbon potential, Minister of Petroleum and Natural Gas Dharmendra Pradhan has said that India needs to have more engagement with the latter in oil and gas sector. Pradhan visited a gas production...

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Russia’s Rosneft and KRG Sign Oil Deal

Date : Feb 23, 2017

Russia’s Rosneft 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 IP week conference...

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Oman SMEs Win Solar PV Project Deal from Shell

Date : Feb 27, 2017

Shell Development Oman has awarded contracts to two Omani small and medium enterprises (SMEs) for installation of solar photovoltaic (PV) panels in schools in the pilot phase of its ‘Solar into Schools’ project.   The pilot school sites are located in Al Buraimi, Nizwa and Salalah, with a fourth pilot school site in Muscat to be announced in due course.   ‘Solar into Schools’ project was identified as one of the two initiatives announced under Shell’s 5th Gift to The Nation in 2015, said a statement from the company.   The contract for the installation of solar photovoltaic (PV) panels in 22 public s...

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Iranshahr-Zahedan Gas Pipeline to Come On Stream Soon

Date : Feb 27, 2017

Managing director of the National Iranian Gas Company (NIGC), Hamidreza Araqi said the Iranshahr-Zahedan gas pipeline with the length of 265 kilometer is being tested and will be officially inaugurated in the next few...

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Iran-Oman-India Gas Pipeline Project ‘Set for Laying’

Date : Feb 27, 2017

According to the report, the project to lay an undersea gas pipeline for exporting Iran's gas via Oman Sea and Indian Ocean to India is imminent, according to an official with New Delhi-based South Asia Gas Enterprise...

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Adnoc Awards 8% Stake in Abu Dhabi’s Onshore Concession to CNPC

Date : Feb 20, 2017

The Abu Dhabi National Oil Company (Adnoc) has signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8 percent interest in Abu Dhabi’s onshore oil concession.

 

CNPC...

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Oman Closes Bids for Hydrocarbon Blocks 31 and 52

Date : Feb 23, 2017

Oman Ministry of Oil & Gas has closed bids for two hydrocarbon concessions onshore Block 31 and the offshore Block 52 offered-up as part of the Oman Licensing Bid Round, a report said.

 

They were among a...

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ABB Delivers Substation to Evacuate Power from MBR Solar Park

Date : Feb 17, 2017

ABB has successfully energized a major substation that will help evacuate power from the Mohamed Bin Rashid Al Maktoum (MBR) Solar Park, a key element of the vision to generate 7 percent of Dubai’s power from clean energy...

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UAE Studies Plans to Expand Fujairah Refinery Project

Date : Feb 16, 2017

The United Arab Emirates is studying plans to expand the Fujairah oil refinery project up to 400,000 barrels per day, the UAE Energy Minister said on Monday.

 

The current planned level of the refinery was...

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Oman SEZAD Awards $219mn Duqm Infrastructure Projects

Date : Feb 14, 2017

Oman's Special Economic Zone Authority in Duqm (Sezad) has awarded contracts worth RO84.7 million ($219 million) involving four key infrastructure projects within the free zone area.

 

This comes as part...

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GE, Stomo to Provide Generator Services at Oman Plant

Date : Feb 10, 2017

GE’s Power Services signed and executed an agreement with Suez-Tractebel Operation & Maintenance Oman (Stomo) for stator rewinding services, high-speed balancing of the rotor as well as digital solutions for a generator at...

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OOC, KPI to Sign Shareholder Agreement Soon for Duqm Refinery

Date : Feb 09, 2017

A shareholder agreement between Oman Oil Company and Kuwait Petroleum International for building Duqm refinery will be finalised soon.

 

Kuwait Petroleum had shown interest in developing the refinery as a...

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