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The oil producing countries outside Opec will increase their supply of oil produced in 2018 by 1.1 million barrels per day in comparison with the level of 2017 to 58.87 million barrels per day, a report said.
That is slightly lower than the expected growth in demand, according to Opec’s August monthly oil market report.
The previous estimate was higher by 9,000 barrels and amounted to 58.96 million barrels.
In particular, in 2018, oil supply from the US will increase by 840,000 barrels per day in comparison with the level of 2017 to 15.13 million, oil suppl... |
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Qatar has launched a project to generate around 500MW of electricity through solar power, which includes a plan to install solar panels on the rooftops of houses across the country, a report said. "Kahramaa is currently working on using solar power to desalinate ground water for using the same for agriculture but the high cost is the real challenge. However, if the idea worked out commercially, it will be reflect positively on food production in the country,” said Qatar General Electricity and Water Corporation (Kahramaa) president Essa bin Hilal al-Kuwari. Kahramaa has also adopted smart cities solutions, he added, noting th... |
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ENEC Completes Steam Generators, RV Installation at Unit 4 of NPPDate : Aug 18, 2017The Emirates Nuclear Energy Corporation (Enec) has made significant progress on the construction of the Barakah Nuclear Power Plant (NPP) in Abu Dhabi, UAE, with the installation of the steam generators for Unit 4, the final... |
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Company Being Set Up for Ratnagiri Refinery ProjectDate : Aug 18, 2017Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are set to form a company, Western India Refineries and Petrochemicals, in a month to execute a $40-billion refinery project... |
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Oman’s MSPP Project Investments hit $320mnDate : Aug 17, 2017The total investment on the Muscat-Sohar Product Pipeline (MSPP) project has reached $320 million since inception in 2015, including $230 million worth of in-country value (ICV), a report said.
Al Jifnain... |
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Panalpina Wins Major Iraq ContractDate : Aug 17, 2017Panalpina, the Swiss-based provider of supply chain solutions, has won what it describes as its “largest award with a specific oil and gas major to date”.
The company was awarded with a contract to manage... |
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Wa’ad Al-Shamal Phosphate Project Begins ProductionDate : Aug 17, 2017The Ma’aden Wa’ad Al-Shamal Phosphate Company’s (MWSPC) $8 billion Umm Wu’al phosphate project in Saudi Arabia has started production of ammonia, merchant-grade acid and fertilizer, said US-based Fluor... |
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Japan's Cosmo to Start Production from Abu Dhabi's Hail Oilfield in OctDate : Aug 16, 2017Japan's Cosmo Energy Holdings said the offshore Hail oilfield in Abu Dhabi is set to start production in October.
The start-up has been slightly delayed from last year's projection of end-June, but... |
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India Moves to Revive TAPI Gas Pipeline ProjectDate : Aug 16, 2017India will host the next steering committee meeting of the proposed 1,814 kilometre-long Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, senior officials on both sides confirmed. The decision was came during the sixth... |
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Construction of Iran's West Karoon Power Plant 50% CompleteDate : Aug 16, 2017According to the source, Construction of Iran's West Karoon Power Plant and its offsite, facilities has made over 50% progress, operator of the project said.
Mehdi Najarian said the first gas unit of the... |
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Energy Recovery Wins $2.5mn Contract for Saudi Desal ProjectsDate : Aug 16, 2017Energy Recovery, a leader in pressure energy technology for industrial fluid flows, has won a contract worth $2.5 million to supply its PX pressure exchanger technology for desalination projects in Saudi... |
Kuwait Oil Company (KOC) has received bids for the contract on its water injection facility at Ma
Hyundai Engineering & Construction of South Korea has awarded a contract worth AUD $26.5 mill
A contract to execute two packages of the Bahrain liquefied natural gas (LNG) import terminal pro
National Thermal Power Corporation (NTPC) has invited firms to submit bids for development of 86
Abu Dhabi Company for Onshore Petroleum Operations Ltd. (Adco) has sought revised commercial bids
National Iranian Oil Engineering and Construction Company (NIOEC) has concluded the signing of ag
