Saturday 13 February 2016

South Pars Phases 20, 21 to start ops in March

Phases 20 and 21 in Iran’s South Pars field are set to begin preliminary operations in late March, a report said.  “All stages of preparation including testing of lines and connections for the refinery sector as well as all utility sections of water, electricity


Masdar to invest in Morocco’s green energy

Masdar, the Abu Dhabi-based sustainable energy company, plans to invest in renewable energy projects in Morocco, a report said. Dr Ahmad Belhoul, Masdar CEO explained that the company is exploring investment opportunities in Morocco, Egypt, and Jordan, reported Morocco World


Kuwait to raise crude output, sign export deals

Kuwait plans to raise its crude oil production by 150,000 barrels per day (bpd) in the third quarter and aims to sign new export deals with European customers soon, a senior Kuwaiti official was quoted as saying. New contracts are to be signed soon with a number of European compa


KPC to sell loss-making assets to cut costs

State-run Kuwait Petroleum Corp (KPC) plans to sell loss-making assets to cut costs as low oil prices pressure its finances, state news agency Kuna has reported. Nizar Al-Adsani, chief executive of KPC, was quoted as saying the company had started efforts to sell its Europoort re


Iranian oil minister calls for $200bn of investment

Iran's oil industry will need $200 billion of investment to help it develop in the coming years, mostly from outside the country, the oil minister was quoted as saying.   "We need $200 billion of investment ... to reach our development goals," Bija


Siemens renews service deal for Egypt power plants

Siemens has extended a long-term contract to provide service and maintenance, as well as component upgrades, at the Nubaria, Talkha and El Kureimat power stations in Egypt. The agreement was signed under the supervision of Egyptian Electricity Holding Company (EEHC), represented


IEA sees global oil glut worsening

The world will store unwanted oil for most of 2016 as declines in US output take time and Opec is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countri


Mideast eyes bigger role for renewables

With power demand across the Middle East expected to grow at 9.9 per cent a year until 2020, governments are keen to increase the share of renewables in the power mix, a report said. A shortage of gas and, in some countries, increasing reliance on liquid fuels, a key product for


QP to acquire 30pc interest in offshore blocks in Morocco

Qatar Petroleum (QP) has signed a deal with Chevron Morocco Exploration, to acquire 30 per cent participating interest in three deep-water offshore leases in Morocco, according to a report.   QP will acquired 30 per cent interest from Chevron's 75 per cent,


Egypt’s solar investors to issue services tender

Investors in Egypt’s solar energy sector will float tenders in the next few days to invite bids to provide security, technical, and administrative services for the projects in Benban area, a report said. Mohamed El-Sobky, chairman of the New and Renewable Energy Authority (

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