Regional News: Middle East

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Saudi Aramco To Boost Gas Production At Hawiyah, Haradh
Friday, January 20, 2017 Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources say.

Gazprom Neft Says Output At Badra Field In Iraq Near 3MM T In 2016
Wednesday, January 18, 2017 Russian oil producer Gazprom Neft says output at its Badra oil field in Iraq was approaching 3 million tons for 2016.

Leviathan Partners Look To Sell 14.8 Bcm of Gas to Israel's Edeltech
Tuesday, January 17, 2017 The partners involved in Israel's giant Leviathan natural gas field enter talks to supply 14.8 billion cubic metres of natural gas over 17 years to Edeltech, an Israeli private power provider.

Saudi Aramco Chief Promises Oil Tax Cut to Lure Investors to IPO
Tuesday, January 17, 2017 Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering.

IMF Slashes Saudi Arabia Growth Forecast on Lower Oil Output
Monday, January 16, 2017 The IMF cuts its growth outlook for Saudi Arabia on lower oil production, underscoring the challenges facing the kingdom as it seeks to overhaul its economy.


ADNOC Shuts Half Capacity At Ruwais Refinery After Fire
Monday, January 16, 2017 Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week.

Saudi Pledges Adherence to Oil Cut, Confident Others Will
Monday, January 16, 2017 Saudi Arabia will adhere strictly to its commitment to cut output, its energy minister says.

Iran Oil Minister Certain That Oil Prices Will Rise
Monday, January 16, 2017 Iran's oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result.

Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project
Monday, January 16, 2017 Inpex Corporation agrees with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.

Saudis See No Need to Extend OPEC Deal Beyond Six Months
Monday, January 16, 2017 OPEC probably won't need to extend a deal it reached with other crude producers to cut output, says Saudi Energy Minister Khalid Al-Falih.

Despite Saudi Signals, OPEC Unlikely To Deliver All Promised Oil Cuts
Friday, January 13, 2017 OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say.

Saudi Energy Minister Says Output Below 10 MMBpd, Cut Will Deepen
Thursday, January 12, 2017 Saudi Arabia has cut its oil production to slightly below 10 million barrels per day and plans a deeper cut in February under an agreement among global producers to reduce output.

Southern Iraq Gas Output Reaches 700MM Cubic Feet Per Day
Thursday, January 12, 2017 Gas production in southern Iraq has reached 700 million cubic feet per day, and is expected to reach 1 billion cubic feet per day by the end of the year.

Energean Expects To Spend Up To $1.5B On Israeli Offshore Gas Project
Wednesday, January 11, 2017 Energean Oil & Gas plans to build its own production system in the eastern Mediterranean at a cost of up to $1.5 billion to tap 2 Israeli offshore gas fields.

Iraq Cuts Oil Production By 160,000 Bpd Under OPEC Deal
Tuesday, January 10, 2017 Iraq has cut oil production by 160,000 barrels per day (bpd) since the beginning of January in line with an OPEC decision to lower output.

DNO Makes Oil Find in Kurdistan Region of Iraq
Monday, January 09, 2017 Oil has been discovered in the Cretaceous horizon in the southern flank of the Peshkabir field.

INA's Syrian Gas Facilities Torched By Islamic State
Monday, January 09, 2017 Islamic State militants have set fire to facilities on gas fields in Syria owned by Croatian energy group INA.

Lebanon To Restart Oil, Gas Licensing Round After Three-Year Delay
Thursday, January 05, 2017 Lebanon intends to restart its first oil and gas licensing round after a 3-year delay.

Iraq Begins Reducing Oil Output In Keeping With OPEC Decision
Thursday, January 05, 2017 Iraq begins implementing measures to reduce national oil output, keeping with an OPEC decision.

Japan's Inpex In Running To Develop Major Iran Oilfield
Wednesday, January 04, 2017 Inpex Corp is in the running to develop a major oilfield in Iran, Kyodo News reported on Wednesday, as Tehran looks to aggressively ramp up crude output following the lifting of sanctions.

New Lebanese Govt OKs Oil Decrees To Start Stalled Tender Process
Wednesday, January 04, 2017 Lebanon's new government passes two decrees concerning oil and gas exploration blocks.

Vitol Clinches $1 Bln Pre-Finance Oil Deal With Iran-Sources
Wednesday, January 04, 2017 Vitol has clinched a deal with the National Iranian Oil Co. to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.

Turkmenistan Limits Natural Gas Supplies To Iran Over Arrears
Tuesday, January 03, 2017 Turkmenistan since Jan. 1 has limited natural gas supplies to Iran over unpaid past deliveries, the Turkmen Foreign Ministry said on Tuesday.

Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
Tuesday, January 03, 2017 The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country's new oil and gas projects.

GMS Secures New Long-Term Contract Award with NOC
Tuesday, January 03, 2017 Gulf Marine Services, a support vessel provider serving the offshore oil sector, announced Tuesday a new long-term contract award for one of its mid-size class vessels.

Iraqi PM Says Kurds Exporting More Oil Than Allocated
Tuesday, January 03, 2017 Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut.

Omanoil Appoints Acting CEO
Thursday, December 29, 2016 Oman Oil Marketing Company appoints Hussain Jamaa Ismail Bait Ishaq as its acting CEO.

Kuwait Energy Says Signs $100M Financing Facility With Vitol
Wednesday, December 28, 2016 Kuwait Energy said on Wednesday it signed a forward sale agreement with Vitol providing it with a financing facility for up to $100 million.