Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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Three Iraqi oil fields to pump 6m barrels, says minister

Iraq’s oil minister, Hussain al-Shahristani, has said he expects three of the country’s oil fields to pump more than 6 million barrels a day once foreign companies complete development work they were awarded this year, Bloomberg has reported. ‘This is higher than what we were hoping for from all the eight fields in the first […]

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Three Iraqi oil fields to pump 6m barrels, says minister

Iraq’s oil minister, Hussain al-Shahristani, has said he expects three of the country’s oil fields to pump more than 6 million barrels a day once foreign companies complete development work they were awarded this year, Bloomberg has reported. ‘This is higher than what we were hoping for from all the eight fields in the first […]

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Three Iraqi oil fields to pump 6m barrels, says minister

Iraq’s oil minister, Hussain al-Shahristani, has said he expects three of the country’s oil fields to pump more than 6 million barrels a day once foreign companies complete development work they were awarded this year, Bloomberg has reported. ‘This is higher than what we were hoping for from all the eight fields in the first […]

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Three Iraqi oil fields to pump 6m barrels, says minister

Iraq’s oil minister, Hussain al-Shahristani, has said he expects three of the country’s oil fields to pump more than 6 million barrels a day once foreign companies complete development work they were awarded this year, Bloomberg has reported. ‘This is higher than what we were hoping for from all the eight fields in the first […]

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Qatar to buy stake in Shell’s Singapore venture

Qatar Petroleum International will sign an agreement today to take a stake in Royal Dutch Shell’s chemical joint ventures in Singapore, Bloomberg has reported. Shell’s investments in the Singapore petrochemicals industry include two polyols plants and a joint-venture styrene monomer and propylene oxide plant, in addition to a 50% stake in the Petrochemical Corp. of […]

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Qatar to buy stake in Shell’s Singapore venture

Qatar Petroleum International will sign an agreement today to take a stake in Royal Dutch Shell’s chemical joint ventures in Singapore, Bloomberg has reported. Shell’s investments in the Singapore petrochemicals industry include two polyols plants and a joint-venture styrene monomer and propylene oxide plant, in addition to a 50% stake in the Petrochemical Corp. of […]

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Qatar to buy stake in Shell’s Singapore venture

Qatar Petroleum International will sign an agreement today to take a stake in Royal Dutch Shell’s chemical joint ventures in Singapore, Bloomberg has reported. Shell’s investments in the Singapore petrochemicals industry include two polyols plants and a joint-venture styrene monomer and propylene oxide plant, in addition to a 50% stake in the Petrochemical Corp. of […]

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Qatar to buy stake in Shell’s Singapore venture

Qatar Petroleum International will sign an agreement today to take a stake in Royal Dutch Shell’s chemical joint ventures in Singapore, Bloomberg has reported. Shell’s investments in the Singapore petrochemicals industry include two polyols plants and a joint-venture styrene monomer and propylene oxide plant, in addition to a 50% stake in the Petrochemical Corp. of […]

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Korea Gas to test clean fuel before building Saudi plant

State utility Korea Gas has said it plans to test market a low-cost clean cooking fuel derived from natural gas and coal in South Korea before signing a final agreement to build a plant a $342m in Saudi Arabia, Bloomberg has reported. The new fuel is a blend of dimethyl ether, commonly used in spray […]

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Korea Gas to test clean fuel before building Saudi plant

State utility Korea Gas has said it plans to test market a low-cost clean cooking fuel derived from natural gas and coal in South Korea before signing a final agreement to build a plant a $342m in Saudi Arabia, Bloomberg has reported. The new fuel is a blend of dimethyl ether, commonly used in spray […]

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Korea Gas to test clean fuel before building Saudi plant

State utility Korea Gas has said it plans to test market a low-cost clean cooking fuel derived from natural gas and coal in South Korea before signing a final agreement to build a plant a $342m in Saudi Arabia, Bloomberg has reported. The new fuel is a blend of dimethyl ether, commonly used in spray […]

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Korea Gas to test clean fuel before building Saudi plant

State utility Korea Gas has said it plans to test market a low-cost clean cooking fuel derived from natural gas and coal in South Korea before signing a final agreement to build a plant a $342m in Saudi Arabia, Bloomberg has reported. The new fuel is a blend of dimethyl ether, commonly used in spray […]

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Iran-UAE gas dispute to go to arbitration

UAE-based Crescent Petroleum has said that a three-person international arbitration tribunal has been formed to settle a longstanding dispute over a gas deal between the firm and National Iranian Oil Company, Reuters has reported. NIOC and Crescent had signed the 25-year gas contract in 2001, with a price linked to oil, but as oil rallied […]

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Iran-UAE gas dispute to go to arbitration

UAE-based Crescent Petroleum has said that a three-person international arbitration tribunal has been formed to settle a longstanding dispute over a gas deal between the firm and National Iranian Oil Company, Reuters has reported. NIOC and Crescent had signed the 25-year gas contract in 2001, with a price linked to oil, but as oil rallied […]

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