Abu Dhabi’s Adnoc allocates billions to mega projects
The Abu Dhabi National Oil Company ( Adnoc ) said it has allocated billions of dollars to several mega projects,...
Oil & Gas
Saudi Arabia to be self-sufficient in gas by 2021
Saudi Arabia will remain self-sufficient in natural gas, with production and consumption rising to 131 billion cubic meters (bcm) by...
Iraq signs oil deal with Russian-led consortium
Iraq's Oil Ministry says it has finalized a deal with a consortium led by Russian oil giant Bashneft to search...
Iraq to build a $4 billion new refinery in Karbala
The Ministry of Oil has allocated $4 billion for the construction of a new refinery in Karbala. According to a...
Kuwait to spend $100 billion on oil projects over 5 years
OPEC member Kuwait plans to spend some $100 billion on oil projects inside and outside the Gulf state over the...
Riyadh soon to have gas pipeline
Prince Muhammad Bin Saad Bin Abdul Aziz, Acting Emir of Riyadh region, announced that a pipeline will be constructed in...
Jordan to import liquid gas by 2014
Jordan will begin importing liquefied natural gas (LNG) from "several exporting countries" in June 2014 following the completion of a...
Italy’s Eni Consortium to invest $18 billion in Iraq’s Zubair oilfield
The CEO of Italian oil and gas company Eni, Paolo Scaroni, said he expects the consortium led by Eni to...
Foster Wheeler and Amec win $1 billion Kuwait refinery contracts
Kuwait National Petroleum Company announced that it has awarded consultancy contracts to Foster Wheeler and Amec for two mega oil...
$19 trillion investment needed in global oil and gas production
As much as $19 trillion investment will be needed in global oil and gas production to power global economy for...
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