Saudi Aramco to sell Vela marine unit for $1.3 billion to Saudi Bahri
State oil giant Saudi Aramco has signed an agreement to sell its Vela marine unit to Saudi National Shipping Co...
Oil & Gas
Iraq picks Petrofac for $95million SPM Contract
Reuters reports that Petrofac has won a $95 million contract to carry out maintenance work for Iraq’s new offshore terminals...
Jordan to start importing LNG from Qatar by 2014
Jordan plans to import liquefied natural gas (LNG) from Qatar by 2014 to reduce rising energy costs. The government will...
Saudi oil earnings up to US$311b in 2011
The US Energy Information Agency (EIA) announced that amongst OPEC's 12-nations, Saudi was the largest earner in 2011, with USD311...
Iraq and Jordan eye natural gas pipeline
The Iraqi and Jordanian governments plan to meet in July to discuss construction of a natural gas pipeline, officials in...
First phase of Qatar's Barzan gas project to be complete by end of 2013
The first phase of the QAR 37.8 billion (USD 10.4 billion) Barzan gas development project being implemented as a joint...
Bahrain's Tatweer to invest up to US$ 4 billion in new oil wells
Bahrain's Tatweer Petroleum Co. plans to invest between US$ 3 billion and US$ 4 billion in the next four years...
A new Kurdistan-Turkey pipeline soon
A plan to construct a new oil pipeline, with a capacity of 1 million barrels per day, between Iraqi Kurdistan...
Iraq and Jordan sign agreement in oil and energy sector
Iraq’s Council of Ministers has approved the recommendation of the energy committee to authorize the Minister of Oil to sign...
Iraq oil exports hit 2.452million barrels/day
Iraq’s oil exports were 2.452 million barrels per day on average last month compared with 2.508 million bpd in April,...
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