Monday 22 September 2014

Iraqi oil production at West Qurna-1 at 360,000 bpd

Oil production at southern Iraq's West Qurna-1 field is running at a rate of 360,000 barrels per day (bpd) due to problems with low levels of water injection to boost production, the head of the joint management committee said.   Madhi Abdul Razzaq told Reut


Oryx GTL achieves landmark safety benchmark

Oryx GTL, a joint venture of Qatar Petroleum and South Africa’s Sasol, has celebrated yet another world-class safety milestone with a high-profile ceremony held under the patronage and in the presence of Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry. 


Taqa appoints Shamsi as VP of treasury

Abu Dhabi National Energy Company (Taqa) has appointed Suhail al-Shamsi as group vice president of treasury and member of the company's global management team, it said on Sunday. Shamsi, who joined Taqa in 2010, takes over the role from Ryan Wong, who was promoted to acting c


Bahrain tests solar-powered street lighting

Bahrain’s Electricity and Water Authority (EWA) is currently monitoring a test phase, involving 20 solar panel-equipped lights to evaluate the project's feasibility, a report said. Designed to operate independently from each other and the national power grid, each stree


Safi Energy seals $2.6bn loan for power plant

Safi Energy Company, a joint venture of Morocco's Nareva, France's GDF Suez and Japan's Mitsui, has sealed $2.6 billion in financing to build a 1,386-MW coal-fired power plant in southern Morocco, the state news agency Map reported. The plant, to be built in the coast


Western firms win key Egypt oil, gas blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta. The agreements cover seven exploration ar


Iraq oil export revenue falls 9pc to $7.1 billion in August

Iraq's oil export revenues fell by 8.9 per cent in August to $7.1 billion from $7.8 billion in July, the Iraqi oil ministry said in a statement. Oil exports were at 73.6 million barrels for August, the oil ministry said, citing the state Oil Marketing Organisation (SOMO).


Qatar shelves major petrochemicals project

Industries Qatar, a leading petrochemical firm in the Gulf, said it had put its multi-billion-dollar Al Sejeel petrochemical complex project on hold and was studying a new scheme instead that would yield better returns. The company "confirmed that the Al Sejeel Petrochemical


Sabic signs R&D lab deal with Germany's hte

Saudi Basic Industries Corporation (Sabic), a global leader in petrochemicals, has signed a memorandum of understanding (MoU) with Germany-based hte to establish a satellite laboratory for high throughput experimentation to increase its research and development (R&D) efficiency.


UAE’s first nuclear power unit 57pc complete

The Emirates Nuclear Energy Corporation (Enec) has announced that Unit 1 of the four reactors being developed in the UAE’s nuclear energy programme in Barakah, Abu Dhabi, is now more than 57 per cent complete. Meanwhile, construction of Unit 2 is also well under way. The

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