Friday 1 July 2016

Russia's Novak may miss meeting with Saudi's Falih at G20

Russian Energy Minister Alexander Novak may miss the G20 energy ministers meeting in China scheduled for June 28-30 where he was to have met new Saudi Energy Minister Khalid Al Falih for the first time, three sources familiar with the matter said.   The relation


Pertamina to sign Iranian oil field deal after Ramadan

Indonesia's Pertamina expects to sign an agreement with Iran to evaluate investing in two oil and gas blocks sometime after the Muslim Ramadan holy period that ends in July, a company official said.   Iran's oil and gas infrastructure has stagnated after


Iran and Kazakhstan plans to build JV refinery

Iran and Kazakhstan plans to build a joint venture oil refinery in Amirabad Port.   This was revealed by Director General for Mazandaran provincial Organization of Industry, Mine and Trade Mohammad Mohammad Pour Omran at a joint economic meeting between Kazakhst


Egas to tender for 3rd gasification vessel

Egyptian Natural Gas Holding Company (Egas) is to put forward a global tender this week to rent a third gasification vessel with the capacity of 750 million cubic feet of gas per day.   Minister of Petroleum and Mineral Resources Tarek El-Molla told Daily News E


Dewa announces selected bidder for solar park

Dubai Electricity and Water Authority (Dewa) has announced the selected bidder for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will be constructed based on the Independent Power Producer (IPP) model.    The sele


Masdar seeks $800m loan for solar project

A consortium led by Abu Dhabi's Masdar is aiming to raise an $800 million loan to help fund the building of the 800-megawatt (MW) third phase of Dubai's solar park, the company's chief executive told reporters on Monday. The consortium, which also includes Spanish com


Iran set to launch new oil investment contract

The first of Iran's new oil and gas investment contracts for international companies will be launched this summer and will invite bids to develop 10-15 fields, oil minister Bijan Zanganeh was quoted by the Shana news agency as saying. The Iran Petroleum Contract (IPC


Wison Engineering wins Saudi petchem project

Wison Engineering, a leading chemical engineering, procurement and construction management service and technology provider in China, said it has won an EPC ((engineering, procurement and construction) contract for an ethylene oxide and ethylene glycol project in Saudi Arabia. As


Five Iranian oil majors eye global tie-up

Iran will finalise five domestic companies to work as partners with international majors in a bid to increase efforts towards raising more foreign investment in the country’s energy sector, said a report. Petroiran Development Company, Petropars and Mapna (an Iranian power


Oil extends decline over Brexit concerns

Oil prices dropped around half a per cent on Monday, extending sharp declines after Britain's vote to leave the European Union sparked a sharp selloff in global markets on Friday amid concerns over risk aversion. Global financial markets plunged on Friday as results from a re

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