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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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Oil to Trade between $60-$70/b by Mid-2019 – Apicorp

Date : Jan 17, 2019

Oil prices are likely to trade between $60-$70 per barrel (b) range by mid-2019, barring sharp economic slowdown, said Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, in a new research report on the...

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HPCL Unlikely to Partner Total for LPG Cavern in Mangalore

Date : Jan 17, 2019

The planned LPG cavern in Mangalore will be the second such facility in India, after the HPCL-Total-operated one in Vizag, and will cost ₹10 billion.

 

State-run Hindustan Petroleum Corp. Ltd (HPCL) may...

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Gulf Keystone Petroleum to Increase Production; Shares Rise

Date : Jan 17, 2019

Shares in Gulf Keystone Petroleum (GKP) closed 4.3 percent higher on Wednesday after the company provided an operational and corporate update.

 

Operational:

Production operations, underpinned by the...

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ADNOC Awards Two Offshore Exploration Blocks

Date : Jan 16, 2019

Abu Dhabi National Oil Co. (ADNOC) has awarded a consortium formed by Italy's Eni and Thailand's PTTEP two offshore exploration blocks.

 

Eni will be the operator of the blocks, holding together with...

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Bentley Tools Help OGC Boost Reliability Growth

Date : Jan 16, 2019

Bentley Systems, a leading provider of comprehensive software solutions for advancing infrastructure, said it has helped Oman Gas Company (OGC) improve its reliability growth at a significant rate of nine per cent in...

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MEE to Host Conference on Generator Market in March

Date : Jan 16, 2019

The upcoming Middle East Electricity (MEE) in Dubai, UAE will host a two-day feature titled ‘Revolutionizing Power Generation Conference’ on transformative technology and practices which are evolving the power...

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Bangladesh’s Second LNG Terminal to Start in March; Supply Faces Hiccups

Date : Jan 16, 2019

Bangladesh's second liquefied natural gas (LNG) terminal is expected to start operations in mid-March though domestic pipeline constraints mean it will be unable to fully supply gas demand to the country's capital Dhaka....

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Jordan and Iraq Plan to Increase Trade

Date : Jan 16, 2019

King Abdullah II of Jordan arrives in Baghdad today on an official visit to Iraq for talks with President Barham Salih, and Prime Minister Adil Abd Al Mahdi and senior officials, with a view to strengthening bilateral relations and regional...

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AGE Acquires Remaining 51% Stake in Karnataka’s Kodangal Solar Parks

Date : Jan 16, 2019

Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated back in August...

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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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India's July Iran Oil Imports Edge Up From a Year Ago

Date : Aug 05, 2015

India's oil imports from Iran rose 2.4 per cent in July from a year ago, with some of the shipments among the first after a landmark deal that will allow Tehran to boost its exports in return for curbing its disputed nuclear...

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Siemens Wins Iraq Substation Contract

Date : Aug 05, 2015

Iraq’s Ministry of Electricity has signed a contract with German industrial group Siemens to carry out the rehabilitation of four 132 kV substations in Baghdad.

 

The contract includes processing...

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Welspun Commissions 34 MW Solar Power Project in Punjab

Date : Aug 04, 2015

Welspun Renewables has set up its first solar power project in Punjab. On 3 August 2015, the company announced the commissioning of a 34 MW solar power project in Bhatinda district of Punjab, the largest solar project to be set up in...

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Saudi NWC Completes Taif Water Network Project

Date : Aug 04, 2015

Saudi Arabia’s National Water Company (NWC) has completed a water network project in Taif, which will serve 14 localities, a report said.

 

The...

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Gas Injection to Sarajeh Facility Hits 890 MMcm – NIGC

Date : Aug 03, 2015

Nearly 890mcm of natural gas has been injected to Sarajeh gas storage facility, located 40km off central Qom province, a gas distribution official said.

 

Houshang Mehrdadfar said the facility is fed by 4mcm/d...

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Iran Resumes Gas Export to Turkey

Date : Aug 04, 2015

Iran's natural gas exports to Turkey has resumed after the pipeline was repaired and Botas Petroleum Pipeline Corporation expressed its preparedness to receive Iran's gas.

 

Director of dispatching at the National...

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Iran and Oman Gas Deal Nearly Finalised

Date : Aug 04, 2015

The Islamic Republic of Iran and Oman have launched a new round of talks for finalizing the operations of transporting gas to Oman.

 

Managing-director of National Iranian Gas Exports Company (NIGEC), Ali-Reza...

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Oman, Iran to Finalize Import through $60bn Gas Pipeline

Date : Jul 31, 2015

The managing director of National Iranian Gas Exports Company (NIGEC) has said that an Omani delegation is in Tehran to finalise procedures for import of Iranian natural gas, according to...

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Iran-Turkey Gas Exports Pipeline Waiting for BOTAS

Date : Jul 31, 2015

Iran will resume exporting natural gas to Turkey after a short disruption in the gas flow due to a problem on Turkish soil.

 

The National Iranian Gas Company (NIGC), Majid Boujarzadeh said that gas transfer...

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NGT stops Work on Sawra Kuddu Hydroelectric Project

Date : Jul 31, 2015

The National Green Tribunal (NGT) has halted the work on construction of a fifth tunnel of Sawra Kuddu hydroelectric project in Himachal Pradesh.

 

The dam for the hydro power project is being built on the...

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