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Iran starts construction of $1bn petrochem plant Iran has started construction of a $1bn petrochemical plant in Gachsaran.

Iran starts construction of $1bn petrochem plant

The Gachsaran plant will have a capacity of of 5,000 tons of formic acid and 500 tons of vinyl acetate and generate over 400 jobs

 •   Indonesia signs new deal with Iran
 •   Iran hopes to sign $25bn oil deals within 2 years
 •   Iran probing if oil accidents were cyberattack


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Norway's DNO to abandon Block 36 well in Oman

Norway's DNO to abandon Block 36 well in Oman

DNO said its Oman production averaged 5,900 barrels of oil equivalent per day during Q2 2016
 
Iraq's oil production rises to 4.63mn bpd in July

Iraq's oil production rises to 4.63mn bpd in July

The OPEC member pumped 4.632mn barrels of crude oil per day in July compared with 4.559mn bpd in June
 
Egypt issues global tender for oil & gas drilling

Egypt issues global tender for oil & gas drilling

State-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) has issued a new international tender for oil and gas drilling and explorations in Gulf of Suez and Sinai
 
PDO's Miraah solar EOR project costs cut by 46%

PDO's Miraah solar EOR project costs cut by 46%

Operator says ground has been prepared for the project, which was launched in mid-2015 in record time, three months short of the date specified in the approved plan
 

 

Oman's crude oil exports grow by 6.3% in H1 2016

Oman's crude oil exports grow by 6.3% in H1 2016

The Sultanate's production of crude oil and condensates grew by 3.6% to 182.05mn barrels in the first half of 2016, from 175.67mn barrels during the same six month period in 2015    1 Comments
 
OOCEP signs upstream deal with Thai E&P company

OOCEP signs upstream deal with Thai E&P company

Both parties will share information and experience in the relevant areas and also exchange technical information and data to identify and progress areas of mutual interests
 
Iran's crude oil output hits 5-year high in June

Iran's crude oil output hits 5-year high in June

Iran pumped 3.63mn barrels of crude daily in June, which is the highest since 2011
 
Oman's crude oil output rises marginally in May

Oman's crude oil output rises marginally in May

Sultanate's production during May 2016 stood at 30.10mn barrels, a daily average of 999,836 barrels
 
Iran gives Total 6 months for making oilfield bid

Iran gives Total 6 months for making oilfield bid

Deputy Oil Minister says several European and Asian firms have expressed willingness to develop the South Azadegan oilfield, and that the Islamic Republic's MoU with Total is not binding
 
BP Oman completes 70% work in Khazzan gas field

BP Oman completes 70% work in Khazzan gas field

BP Oman plans to start the drilling of the first exploratory well of gas before the end of 2016
 
Oman plans to tender five oil blocks in October

Oman plans to tender five oil blocks in October

These oil and gas blocks spread in different parts of the country will be awarded, after a tending process, on production sharing basis, according to the Sultanate's Ministry of Oil & Gas
 
India, Qatar to jointly explore energy assets

India, Qatar to jointly explore energy assets

India has also invited Qatar to invest in the Asian giant's exploration and production sector by bidding for blocks under the new Hydrocarbon Exploration and Licensing Policy    1 Comments
 
Saudi looks to import gas to boost energy mix

Saudi looks to import gas to boost energy mix

Khalid Al-Falih however stresses that the priority would be on finding new sources of gas domestically through exploration
 
Iran oil output currently at 3.82mn bpd: Zanganeh

Iran oil output currently at 3.82mn bpd: Zanganeh

Oil Minister Bijan Zanganeh predicts Iran will have around 5-6% spare production capacity after reaching 4mn bpd by the end of the year
 
Kuwait Oil Company looks to solar oil extraction

Kuwait Oil Company looks to solar oil extraction

Kuwait is exploring renewable energy-enhanced oil recovery techniques, mainly from concentrated solar power, to slash import bills
 




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