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MEDC, OETC to be Privatized this Year

Date : Jan 17, 2019

This year will see the privatization of two electricity companies out of five companies set for privatization namely Muscat Electricity Distribution Company (MEDC) and Oman Electricity Transmission Company (OETC), according to Omar bin Khalfan al Wahaibi, Chief Executive Officer of Nama Holding Group.

 

More than 16 companies have already submitted applications and are being assessed, which shows that investors place high confidence and credibility in the Sultanates electricity sector thanks to transparent policies and regulations governing the sector, Al Wahaibi said adding that the subscription will be in a later st...

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NTPC Commissions 250 MW Unit I at Nabinagar Station

Date : Mar 22, 2016

NTPC Ltd said that it has commissioned Unit I of 250 MW capacity of the Nabinagar Thermal Power Station in Bihar.

 

The power plant is owned by a subsidiary of NTPC called the Bhartiya Rail Bijlee Company...

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BHEL Commissions Second Unit of Goindwal Sahib Thermal Project in Punjab

Date : Mar 22, 2016

State-run BHEL   has commissioned another 270 MW unit at Goindwal Sahib coal-fired power project in Punjab. "Within one month of the successful commissioning of a 270 MW thermal generating unit in Punjab, Bharat Heavy...

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Iraq Starts First Gas Condensates Exports to UAE

Date : Mar 22, 2016

According to a report, A tanker carrying Iraq's first exported cargo of gas condensates, produced by a joint venture with Shell, left the southern port of Khor Al Zubair on Sunday, heading to Fujairah, in the UAE, an Oil Ministry spokesman...

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ONGC Eyes Tie-Up with Foreigners

Date : Mar 21, 2016

State-run Oil and Natural Gas Corp Ltd (ONGC), India’s biggest explorer, plans to enter into partnerships with overseas oilfield service providers to boost output from ageing oil and gas fields, its chairman...

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Romania to Broaden Ties with Iran in Oil, Gas and Agricultural Industries

Date : Mar 21, 2016

Governor-general of Romania's Prahova Province called for the expansion of bilateral ties with Iran in oil, gas and agricultural industries.

 

'Prahova province is the biggest oil-rich province of...

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Iranian Offshore Oil Company, Sahand Univ. Agree to Enhance Sorush Field Recovery

Date : Mar 21, 2016

The first working package contract for the field study project on enhanced recovery at the Sorush oil field was signed between Iranian Offshore Oil Company (IOOC) and the Tabriz-based Sahand Technical...

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KOGAS in Talks for Iran-Oman Gas Pipeline Project

Date : Mar 21, 2016

South Korea’s Korea Gas Corporation (KOGAS) is in talks with Iranian authorities over the laying down of an undersea gas pipeline that links Iran and Oman, a report said.

 

An agreement towards this deal may be signed in...

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Rabigh First Launches ZIC lubricant Oil in Saudi Arabia

Date : Mar 21, 2016

Leading lubricant oils company Rabigh First has launched ZIC, an international high quality lubricant oil, in Saudi Arabia, as part of its partnership with the international lubrication oils producer...

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Aramco, Shell Announce Plans to Break-Up US Joint Venture

Date : Mar 21, 2016

Shell and Saudi Aramco have announced plans to break up Motiva Enterprises LLC and divide up the assets, almost two decades after forming the US oil refining and marketing joint venture.

 

The split comes...

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Empower Awards Dh45mn Contracts in 2016

Date : Mar 21, 2016

UAE-based Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has awarded contracts valued at Dh45 million ($12.2 million) since the beginning of 2016, said its...

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KOC Set to Float $493mn Gas Pipeline Tender Next Month

Date : Jan 17, 2019

Kuwait Oil Company (KOC) is set to next month float the final tender for a  KD150 million ($493 million) gas pipeline planned mainly for transportation of natural gas from North Kuwait to its refinery in Mina Ahmadi, said a report.     KOC is currently evaluating bids submitted by various companies to the Tenders Committee in order to present final recommendations regarding the technical and financial aspects of the tender.   The company’s recommendation goes through Kuwait National Petroleum Company's (KNPC) Tender Committee and then the final approval comes from the Central Agency for Public Tenders.   ...

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Cabinet Panel Approves Trebling of NRL Capacity at Rs 225.94 Billion

Date : Jan 17, 2019

The project involves setting up a crude oil pipeline from Paradip in Odisha to Numaligarh and a product pipeline from Numaligarh to Siliguri in West Bengal. The Cabinet Committee on Economic Affairs today approved trebling of...

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Adani Green Energy Acquires Remaining 51% Stake in Kodangal Solar Parks

Date : Jan 14, 2019

Adani Green Energy (AGE) on Saturday said that it has acquired the remaining 51% equity share capital of Kodangal Solar Parks Pvt Ltd (KSPPL) from FS India Devco Pvt Ltd for about Rs1.69cr. "1,07,100 equity shares of Rs10 each acquired at...

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National Wildlife Board Clears ONGC Trishna Natural Gas Project

Date : Jan 14, 2019

The state-owned ONGC Tripura Asset would soon start extracting natural gas from Trishna Wildlife Sanctuary in Belonia subdivision of Gomati district following National Wildlife Board's clearance of its proposal, a top official said...

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Al Tamman Indsil FerroChrome Signs Deal to Increase Production

Date : Jan 11, 2019

Sohar Freezone has signed an agreement with Al Tamman Indsil FerroChrome (ATIFC) for the expansion of the project.

 

The project will see the construction of additional ferrochrome furnaces by ATIFC that will...

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KIZAD Launches Polymers Park in Collaboration with ADNOC

Date : Jan 11, 2019

Abu Dhabi Ports’ industrial zone KIZAD launched a polymers park in collaboration with ADNOC to boost plastics production as the emirate looks to diversify its oil industry.

 

KIZAD Polymers Park aims to...

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OETC’s Opens New 400/220-kV Ibri Power Station

Date : Jan 10, 2019

Oman Electricity Transmission Company (OETC) has announced the opening of its main Ibri 400/220-kV station in the sultanate built at a total cost of RO64 million ($166 million), said a report.

 

Construction...

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Shell Gas Completes Acquisition of 26% Equity in Hazira LNG and Ports

Date : Jan 10, 2019

Shell Gas B.V., a subsidiary of global energy giant Royal Dutch Shell plc, on Wednesday announced that it has completed the acquisition of 26 percent equity interest in the Hazira LNG and Port venture from French energy player Total...

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L&T Construction Wins $299mn Power Project Contracts

Date : Jan 10, 2019

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its key subsidiaries has secured $299 million worth of engineering, procurement and construction (EPC) contracts from the GCC and Asia...

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India Takes Over Operations of Part of Chabahar Port in Iran

Date : Jan 08, 2019

The government announced on Monday that India has taken over the operations of a part of the Chabahar Port in Iran. The takeover marks the first time India is operating a port outside its territory.

 

The...

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