Cost of Jubail refinery to hit $12bn

Saudi Aramco and France’s Total are expected to pay more than $12bn to build the Jubail oil refinery in Saudi Arabia, Reuters has reported. ‘The EPC (engineering, procurement and construction) cost is $9.6bn and on top of that there are other costs… owners’ costs, in our case, cost of financing, which is about 25% more, […]

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Cost of Jubail refinery to hit $12bn

Saudi Aramco and France’s Total are expected to pay more than $12bn to build the Jubail oil refinery in Saudi Arabia, Reuters has reported. ‘The EPC (engineering, procurement and construction) cost is $9.6bn and on top of that there are other costs… owners’ costs, in our case, cost of financing, which is about 25% more, […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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Iraq agrees BP, CNPC Rumaila deal

Iraq’s state-run South Oil Company has signed an agreement with Britain’s BP and China’s CNPC to develop its super-giant Rumaila oilfield, Reuters has reported. The service contract for Rumaila field is the only deal which emerged from the country’s first oilfield auction in June. BP holds a 38% stake in the Rumaila venture; CNPC has […]

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Iraq agrees BP, CNPC Rumaila deal

Iraq’s state-run South Oil Company has signed an agreement with Britain’s BP and China’s CNPC to develop its super-giant Rumaila oilfield, Reuters has reported. The service contract for Rumaila field is the only deal which emerged from the country’s first oilfield auction in June. BP holds a 38% stake in the Rumaila venture; CNPC has […]

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Iraq agrees BP, CNPC Rumaila deal

Iraq’s state-run South Oil Company has signed an agreement with Britain’s BP and China’s CNPC to develop its super-giant Rumaila oilfield, Reuters has reported. The service contract for Rumaila field is the only deal which emerged from the country’s first oilfield auction in June. BP holds a 38% stake in the Rumaila venture; CNPC has […]

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Iraq agrees BP, CNPC Rumaila deal

Iraq’s state-run South Oil Company has signed an agreement with Britain’s BP and China’s CNPC to develop its super-giant Rumaila oilfield, Reuters has reported. The service contract for Rumaila field is the only deal which emerged from the country’s first oilfield auction in June. BP holds a 38% stake in the Rumaila venture; CNPC has […]

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Iran bonds to fund refinery projects

Iran plans to sell about $555m in bonds to fund refinery projects in the country, amid threats that companies selling gasoline to Iran may be penalized, Bloomberg has reported. Proceeds from the bond sale will finance production of gasoline at the Abadan refinery and work at the Esfahan refinery. Related Posts:What to choose: gold or […]

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Iran bonds to fund refinery projects

Iran plans to sell about $555m in bonds to fund refinery projects in the country, amid threats that companies selling gasoline to Iran may be penalized, Bloomberg has reported. Proceeds from the bond sale will finance production of gasoline at the Abadan refinery and work at the Esfahan refinery. Related Posts:What to choose: gold or […]

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Iran bonds to fund refinery projects

Iran plans to sell about $555m in bonds to fund refinery projects in the country, amid threats that companies selling gasoline to Iran may be penalized, Bloomberg has reported. Proceeds from the bond sale will finance production of gasoline at the Abadan refinery and work at the Esfahan refinery. Related Posts:What to choose: gold or […]

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Iran bonds to fund refinery projects

Iran plans to sell about $555m in bonds to fund refinery projects in the country, amid threats that companies selling gasoline to Iran may be penalized, Bloomberg has reported. Proceeds from the bond sale will finance production of gasoline at the Abadan refinery and work at the Esfahan refinery. Related Posts:What to choose: gold or […]

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Iran to up gasoline production

Noureddin Shahnazizadeh, the head of Iran’s National Refining and Distribution Company has said that the country plans to increase gasoline production capacity by more than 50% by 2012, Reuters has reported. Gasoline production would be increased by 6.4 million litres a day next year with improvements under way at the refineries in Tehran and Abadan, […]

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Iran to up gasoline production

Noureddin Shahnazizadeh, the head of Iran’s National Refining and Distribution Company has said that the country plans to increase gasoline production capacity by more than 50% by 2012, Reuters has reported. Gasoline production would be increased by 6.4 million litres a day next year with improvements under way at the refineries in Tehran and Abadan, […]

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Iran to up gasoline production

Noureddin Shahnazizadeh, the head of Iran’s National Refining and Distribution Company has said that the country plans to increase gasoline production capacity by more than 50% by 2012, Reuters has reported. Gasoline production would be increased by 6.4 million litres a day next year with improvements under way at the refineries in Tehran and Abadan, […]

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Iran to up gasoline production

Noureddin Shahnazizadeh, the head of Iran’s National Refining and Distribution Company has said that the country plans to increase gasoline production capacity by more than 50% by 2012, Reuters has reported. Gasoline production would be increased by 6.4 million litres a day next year with improvements under way at the refineries in Tehran and Abadan, […]

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