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QAPCO on track to expand Mesaieed complex QAPCO's Mesaieed complex. Picture Credit: QAPCO

QAPCO on track to expand Mesaieed complex

Phase 3 of the expansion is expected to raise QAPCO's ethylene capacity to approximately 1.2mn metric tonnes per annum (MTPA), and add an extra 400,000 MTPA by 2016-end

 •   QAPCO achieves 20mn LTI-free man hours
 •   QAPCO, CNA-Q in joint augmented reality research
 •   QP and QAPCO sign FEED contract on Al Sejeel


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Musandam's 1st gas-fired power plant to start 2017

Musandam's 1st gas-fired power plant to start 2017

The Musandam Power Company is currently developing the 120-megawatt (MW) capacity plant at Tibat in the Omani governorate, and hopes to bring it online by February 2017
 
Iran talks to Siemens, Rolls-Royce for investment

Iran talks to Siemens, Rolls-Royce for investment

No deals have been struck yet, but Tehran says Siemens and Rolls-Royce are interested and hopes to 'reach a result' soon
 
Aramco signs $13.3bn deals for Fadhili gas project

Aramco signs $13.3bn deals for Fadhili gas project

Scheduled to be completed by the end of 2019, the Fadhili gas project aims to become a key component of the Kingdom's master gas system, processing gas from both onshore and offshore fields
 
PDO successfully raises $4bn funding for expansion

PDO successfully raises $4bn funding for expansion

The borrowing will take the form of a five-year pre-export facility which was provided by a syndicate of international banks; HSBC Bank Oman acted as the sole international financial advisor
 

 

Kuwait mulls partial privatisation of oil industry

Kuwait mulls partial privatisation of oil industry

Acting Oil Minister Anas Al-Saleh has revealed that the government is currently looking into the potential public listing of four companies part of Kuwait's national oil company
 
Aramco IPO depends on oil, bourse status: Al-Falih

Aramco IPO depends on oil, bourse status: Al-Falih

Saudi Arabia is expected to list 5% of the state-owned oil giant by the end of 2018
 
Tests carried out at UAE nuclear plant Barakah

Tests carried out at UAE nuclear plant Barakah

Structural Integrity Test and Integrated Leak Rate Test were performed at Unit 1 of the nuclear plant that is currently 65% constructed, it has been revealed
 
OPEC production rises in June led by Nigeria gains

OPEC production rises in June led by Nigeria gains

Nigeria pumped an average 1.53mn barrels a day last month, a gain of 90,000 a day from May
 
Abu Dhabi to merge IPIC, Mubadala investment funds

Abu Dhabi to merge IPIC, Mubadala investment funds

The merger will create a new entity that will hold roughly $135bn in combined assets
 
Reforms in Iran oil contracts necessary: Ayatollah

Reforms in Iran oil contracts necessary: Ayatollah

Supreme Leader Ayatollah Ali Khamenei has said that no new oil and gas contracts for international companies will be awarded without necessary reforms
 
Fitch downgrades Bahrain's ratings to junk status

Fitch downgrades Bahrain's ratings to junk status

Fitch said in a statement that lower oil prices are causing a 'marked deterioration' in Bahrain's fiscal position
 
Iran's new oil contract to be ready this summer

Iran's new oil contract to be ready this summer

Oil Minister Bijan Zanganeh has said that the Islamic Republic will invite bids, through the Iran Petroleum Contract (IPC), to develop 10 to 15 oil and gas fields
 
Buy-one-get-one offer on OGME digital subscription

Buy-one-get-one offer on OGME digital subscription

Readers who purchase a digital subscription through ITP Publishing's online portal will be given the option to select an additional subscription free of charge
 
Qatar Petroleum to sell Al Shaheen Holding stake

Qatar Petroleum to sell Al Shaheen Holding stake

Qatar Navigation (Milaha) in a bourse filing last week, has said that it has reached a preliminary agreement to buy Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding
 
China, Iran to set up oil terminal in the Gulf

China, Iran to set up oil terminal in the Gulf

The oil terminal will be built on Qeshm Island in the southern part of the Gulf and will turn the island into a major centre for oil production and storage
 




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