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Qayara Refinery Available for Investment

Date : Feb 22, 2018

The Ministry of Oil has announced an opportunity to invest in a 100,000-bpd refinery at the Qayara field in Ninawa governorate.

 

In a statement, the Ministry said:

 

The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments.

 

The products of the refinery must be environment friendly according to the international standards.

 

The tax breaks must be according to the investment law No.13 for the year 2006.

 

In accordance wit...

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Spanish Firm Signs Partnership Agreement for Water Services in Sohar Port

Date : Feb 22, 2018

Majis Industrial Services has signed a partnership agreement with FCC Aqualia, regarding the establishment of Oman Sustainable Water Services to manage the operation and maintenance of all services related to water in...

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Arcelormittal Mulling 600 MW Solar Farms in Karnataka

Date : Feb 22, 2018

ArcelorMIttal, which earlier this week submitted a bid to acquire Essar Steel, has said it exploring the possibility of establishing a 600 MW solar farm by utilizing the land in Karnataka originally allotted to it for a proposed $6.5...

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U.S’s Chevron Restarts Drilling in Kurdistan Region of Iraq

Date : Feb 22, 2018

U.S. oil company Chevron Corporation said it had resumed drilling operations in the Kurdistan region of Iraq (KRI). “Chevron can confirm that it has resumed its activities in the KRI and we have restarted drilling operations at...

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India: R K Mohapatra Takes Over as Director (HR) at Indian Oil Corporation

Date : Feb 21, 2018

Indian Oil Corporation (IOC), the nation's largest fuel retailer, yesterday announced Ranjan Kumar Mohapatra has taken over as Director (Human Resources) on the company's board with effect from today. Prior to his promotion as Director...

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Zubair SEC, ARA Petroleum Sign Agreement to Support SMEs

Date : Feb 21, 2018

Oman-based Zubair Small Enterprises Centre (Zubair SEC) recently signed a collaboration agreement with ARA Petroleum in support of SMEs.

 

The signing ceremony was attended by Hussam Muhammad Al Zubair, board...

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World Oil Demand Expected to Reach 98.6 mbpd in 2018

Date : Feb 21, 2018

World oil demand is foreseen to reach 98.60 mbpd in 2018, representing growth of 1.59 million barrels per day (mbpd), 60,000 barrels per day higher than the previous month’s projections and mainly reflecting the positive...

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Renish Names Group Director for UAE

Date : Feb 20, 2018

Renish Group, a fast-growing company in the oil storage space, has appointed Rakesh Mehra as its new chief executive officer for Southeast Asia and also the group’s director for strategy and...

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Siemens Signs R&D Deal with KFAS, SACGS

Date : Feb 20, 2018

Siemens has signed a memorandum of understanding (MoU) with the Kuwait Foundation for the Advancement of Sciences (KFAS) and Sabah Al Ahmad Centre for Giftedness and Creativity (SACGC) for cooperation in the field of R&D and...

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India: PM Dedicates Fourth Terminal at JNPT

Date : Feb 20, 2018

Prime Minister Narendra Modi dedicated Phase-I of the fourth container terminal at the Jawaharlal Nehru Port Trust (JNPT) to the nation on 18 February 2018.

 

The total cost of the project is Rs 7,915 crore....

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DEWA to set up First Solar-Driven Hydrogen Electrolysis Facility

Date : Feb 23, 2018

Dubai Electricity and Water Authority (Dewa), Expo 2020 Dubai and Siemens signed a memorandum of understanding (MoU) to kick-off a pilot project for the region’s first solar-driven hydrogen electrolysis facility at Dewa's outdoor testing facilities at the Mohammed bin Rashid Al Maktoum Solar Park.   The agreement was signed during the 6th World Government Summit in Dubai, UAE, by Reem Al Hashimy, UAE Minister of State for International Cooperation and director general, Dubai Expo 2020 Bureau; Saeed Mohammed Al Tayer, managing director and CEO of Dewa; and Joe Kaeser, president and CEO of Siemens, said a statement.   The facility a...

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Leighton Offshore Awarded US$733 Million EPC Contract

Date : Not Given

Leighton Offshore announced the signing of an EPC contract with Iraqs South Oil Company to install three single point moorings...

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Saudi Plans Expansion of Dammam Port

Date : Not Given

Saudi Arabia plans to raise the capacity of its second-largest port in Dammam and may spend more than SR2.3 billion .$613...

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Mahanadi Coalfields to Set Up Rs 9,000cr Power Plant in Orissa

Date : Not Given

Mahanadi Coalfields Ltd .MCL., an arm of Coal India Ltd .CIL., plans to set up a 1,600-Mw power plant in Orissa with an...

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BG Group Finalizes $15bn Aussie Gas Deal

Date : Not Given

British energy corporation BG Group said on Sunday it had given final approval to a $15 billion project to develop a major new liquefied natural gas project in northeastern Australia. Chief executive Frank Chapman said the Queensland Curtis Liquefied...

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ABB Wins Ezdan s Contract for Two Substations in Qatar?

Date : Not Given

ABB, the leading power and automation technology group, has won an order to supply two new substations to the Ezdan Real Estate Company, one of Qatar's biggest property developers. One 132/11 kilovolt .kV. substation will supply power to two new shopping...

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BP's Major Contracts in North Sea Go to Technip

Date : Not Given

Technip has been awarded by BP two significant contracts, with a combined total value in the region of ?100 million .$150.22 million.. The first award, a three year diving repair & maintenance .R&M. frame agreement contract with two further one year...

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Nagarjuna Tamil Nadu Refinery likely to be Completed by Year End

Date : Not Given

Nagarjuna Oil Corporation Limited .NOCL. is aiming to ready its petroleum refinery project in northeastern Tamil Nadu by this...

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GE Oil & Gas launches new VetcoGray SVXT S-Series Subsea Tree.

Date : Not Given

New, Simplified Design Delivers Significant Installation, Maintenance and Cost Benefits for Shallow-Water Operators Globally GE...

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Rajasthan Inks MoU for Setting Up 1200MW Thermal Plant

Date : Not Given

Rajasthan government has signed a MoU with Gujarat based power company Siddhi EnerTech Limited for setting up a 1,200 MW coal...

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Acciona Begins Third Indian Wind Power Project

Date : Not Given

Spanish wind Power Company Acciona Energy, a developer and manager of renewable projects, has started construction work on its Tuppadahalli third wind power in India. The Tuppadahalli facility will produce 56MW of output; the project is expected to be...

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