Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

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Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

Stock Trkr
Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

Stock Trkr
Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

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GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

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GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

Stock Trkr
GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

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Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

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Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

Stock Trkr
Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

Stock Trkr
Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

Stock Trkr
Iraq: Opec to leave September oil output unchanged

Hussain al-Shahristani, Iraq’s Oil Minister, does not believe Opec needs to raise oil production in September. Speaking to Reuters, he said he saw “absolutely no need” to increase output. While signs of a global economic recovery would lead to increased oil demand in the near future, current crude reserves are higher than they have been […]

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Iraq: Opec to leave September oil output unchanged

Hussain al-Shahristani, Iraq’s Oil Minister, does not believe Opec needs to raise oil production in September. Speaking to Reuters, he said he saw “absolutely no need” to increase output. While signs of a global economic recovery would lead to increased oil demand in the near future, current crude reserves are higher than they have been […]

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Iraq: Opec to leave September oil output unchanged

Hussain al-Shahristani, Iraq’s Oil Minister, does not believe Opec needs to raise oil production in September. Speaking to Reuters, he said he saw “absolutely no need” to increase output. While signs of a global economic recovery would lead to increased oil demand in the near future, current crude reserves are higher than they have been […]

Stock Trkr
Iraq: Opec to leave September oil output unchanged

Hussain al-Shahristani, Iraq’s Oil Minister, does not believe Opec needs to raise oil production in September. Speaking to Reuters, he said he saw “absolutely no need” to increase output. While signs of a global economic recovery would lead to increased oil demand in the near future, current crude reserves are higher than they have been […]

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Kuwaiti crude exports to China rise

According to figures by the Chinese government, Kuwait’s crude oil exports to China rose 11.8% in July from a year earlier, to 609,500 tonnes. It is equivalent to around 144,000 barrels per day (bpd). Kuwait had provided 3.1% of China’s total crude oil imports, compared with 4% in the same month of last year and […]

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Kuwaiti crude exports to China rise

According to figures by the Chinese government, Kuwait’s crude oil exports to China rose 11.8% in July from a year earlier, to 609,500 tonnes. It is equivalent to around 144,000 barrels per day (bpd). Kuwait had provided 3.1% of China’s total crude oil imports, compared with 4% in the same month of last year and […]

Stock Trkr
Kuwaiti crude exports to China rise

According to figures by the Chinese government, Kuwait’s crude oil exports to China rose 11.8% in July from a year earlier, to 609,500 tonnes. It is equivalent to around 144,000 barrels per day (bpd). Kuwait had provided 3.1% of China’s total crude oil imports, compared with 4% in the same month of last year and […]

Stock Trkr
Kuwaiti crude exports to China rise

According to figures by the Chinese government, Kuwait’s crude oil exports to China rose 11.8% in July from a year earlier, to 609,500 tonnes. It is equivalent to around 144,000 barrels per day (bpd). Kuwait had provided 3.1% of China’s total crude oil imports, compared with 4% in the same month of last year and […]

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Saudi gasoline imports remain high

Saudi Arabia has imported 51,114 barrels per day (bpd) of gasoline this month, more than expected by traders, due to stockpiling ahead of Ramadan, Reuters has reported. It was expected to reduce its gasoline imports to 15,000 barrels a day, but bought spot barrels because of start-up problems at the new residual fluid catalytic cracking […]

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Saudi gasoline imports remain high

Saudi Arabia has imported 51,114 barrels per day (bpd) of gasoline this month, more than expected by traders, due to stockpiling ahead of Ramadan, Reuters has reported. It was expected to reduce its gasoline imports to 15,000 barrels a day, but bought spot barrels because of start-up problems at the new residual fluid catalytic cracking […]

Stock Trkr
Saudi gasoline imports remain high

Saudi Arabia has imported 51,114 barrels per day (bpd) of gasoline this month, more than expected by traders, due to stockpiling ahead of Ramadan, Reuters has reported. It was expected to reduce its gasoline imports to 15,000 barrels a day, but bought spot barrels because of start-up problems at the new residual fluid catalytic cracking […]

Stock Trkr
Saudi gasoline imports remain high

Saudi Arabia has imported 51,114 barrels per day (bpd) of gasoline this month, more than expected by traders, due to stockpiling ahead of Ramadan, Reuters has reported. It was expected to reduce its gasoline imports to 15,000 barrels a day, but bought spot barrels because of start-up problems at the new residual fluid catalytic cracking […]

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Industrial and energy project values fall

The value of energy and industrial investments in the UAE has dropped by 17% in the first seven months of this year due to continuous liquidity problem and investors low-risk appetite. Emirates Business analysis of data from ProLeads reveals that the value of projects plummeted from $213bn (Dhs781.7bn) for 245 projects in January to $175bn […]

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Industrial and energy project values fall

The value of energy and industrial investments in the UAE has dropped by 17% in the first seven months of this year due to continuous liquidity problem and investors low-risk appetite. Emirates Business analysis of data from ProLeads reveals that the value of projects plummeted from $213bn (Dhs781.7bn) for 245 projects in January to $175bn […]

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