Oman In Landmark Gas E&P Deal.
The Omani Ministry of Oil and Gas on Nov. 24 signed a landmark
concession agreement with Occidental Oman Gas Co. (a unit of the US
major Oxy) covering the exploration and development of major . . .
Oman To Be Biggest Regional LPG Exporter.
Oman Trading International Ltd (OTI) is aiming to become the GCC
region's biggest pressurised LPG export company in the near future.
The company intends to supply to countries around the Middle . . .
Osaka Gas In Oman May Sell Power Plant Stake For More LNG
Supply.
Osaka Gas is in talks to sell a stake in one of its power plants to
Oman in return for supplies of LNG. Osaka Gas Chairman Akio Nomura has
said: "We haven't reached any specific decisions yet but . . .
Algeria For Field Swaps, LNG Deals For E&P Bid
Rounds.
Algeria's state-owned energy giant Sonatrach could extend the
terms of its innovative exploration swap agreement used in the auction
of acreage in the gas-rich Ahnet region into a model for future . . .
Cairo Court Annuls Gas Export Plan To Israel.
An Egyptian court has annulled a government agreement to export
natural gas to Israel on concern the fuel was sold at below-market
prices. The decision relates to a Petroleum Ministry export . . .
Egypt Expanding Idku LNG Complex.
GE Oil & Gas is providing its Power Crystal technology as part
of a project to boost the output and improve the performance of gas
turbines at the Idku LNG plant, which is run by Egyptian Operating . . .
Gazprom & Egypt Discuss LNG Plans.
Cairo and Gazprom are in talks to liquefy Russian gas in Egypt for
shipment to Europe. Egyptian Oil Ministry spokesman Hamdi Abdul-Aziz was
on Nov. 13 quoted as saying: "We are discussing the . . .
Gazprom In Africa-EU P/L Project.
Gazprom wants to join a $12-14 bn project to transport Nigerian gas
to the EU via Algeria - one of the most ambitious JV of its kind also
involving Niger. The proposed Trans-Saharan Gas Pipeline . . .
Gazprom's 90M T/Y LNG Export Plans Questioned As Russia
Faces Credit Crunch.
The Kremlin-controlled energy giant Gazprom, the world's
largest exporter of natural gas, has in recent years drummed up plans to
export up to 90m t/y of LNG from its own fields in Russia and . . .
Qatar - ConocoPhillips LNG Projects Delayed.
Ryan Lance, head of E&P in Europe, Asia, Africa and the Middle
East at ConocoPhillips, says Qatargas-III will start up in 2010 rather
than in November 2009 as previously scheduled. Qatargas-IV was . . .
NIGEC Cancels India LNG Supply Deal.
NIOC has cancelled a $22 bn deal to supply India with 5m t/y of LNG
due to a dispute over prices and lack of required approvals. The deal
was signed in 2005 between NIGEC and a consortium of GAIL . . .
LNG Shortages Are Building Up; Iran & Russia Struggle To
Match Qatar JVs:.
*** Iran Has Refused To Pipe Its Gas To Qatar For Liquefaction
& LNG Exports - It's A Matter Of National Pride, Qatar Being
Such A Small Neighbour *** But Doha Is On Course For The Emirate To . . .
Kuwait's Mega-Refining Project Progresses.
First budgeted at about $2 bn in 2002 and in mid-2008 estimated
likely to cost $20 bn, Kuwait's 615,000 b/d oil refining project
planned to be built at al-Zour now is finally on track for execution . . .
Masdar Awards Carbon Capture Job To Mustang.
The state-owned Abu Dhabi Future Energy Co. (Masdar) has awarded
the contract for FEED services for its carbon capture and storage
programme to Mustang Engineering of the US. Mustang is a . . .
ADNOC-FOD Increasing Fuel Outlets.
Abu Dhabi National Oil Company for Distribution (ADNOC-FOD), Abu
Dhabi's only oil retailer, plans to increase filling stations
across the UAE to 220 by 2009. Gulf News on Nov. 24 quoted a . . .
Takreer Expanding Ruwais Refinery.
Abu Dhabi Oil Refining Company (Takreer), a unit of state-owned
ADNOC, is launching the engineering, procurement and construction (EPC)
phase at the end of November for the expansion of its Ruwais . . .
Abu Dhabi Becomes The GCC's Second Biggest Project
Spender.
The Abu Dhabi-based International Petroleum Investment Co. (IPIC),
owned by ADIA and the state's Abu Dhabi National Oil Co. (ADNOC),
is having three major oil refining ventures, one in each of . . .
The Down-Turn In GCC Stock Markets.
In the Saudi stock market, meanwhile, SABIC shares on Nov. 22
dropped to their lowest since June 2004, losing 9.9% to SR44.6. The
sell-off came after SABIC said it would extend the shut-down of . . .
The Saudis Lead In Creating New Jobs & Diversifying
Products.
Saudi Arabia leads the GCC in efforts to create new jobs and
diversify the national economy. With both Saudi Aramco and SABIC
diversifying their ranges of products, the kingdom is spending $400 . . .
The GCC - Projects Galore - Focus On Saudi Arabia.
Like Qatar, the other five GCC states have all kept plans to expand
their oil refining and petrochemicals industries, despite a sharp drop
in world refinery profit margins and in global prices and . . .
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