Energy MENA Edition
Latest News
UAE's ERC signs agreement to implement water network project in Hadramaut
Emirates Red Crescent signed an agreement to implement a water network project in Yemen's Hadramaut.
OPEC daily basket price for Wednesday 16 Aug 2017
The price of OPEC's basket of fourteen crudes stood at $48.69 a barrel on Wedn.
Saipem lands $850 million Kuwait pipeline deal
Contract is for a pipeline network to feed the new, $16 billion Al Zour refinery
Saudi Electricity secures $1.75bln loan for capex plans
Saudi Electricity Company said on Wednesday it had signed a $1.75 billion international syndicated loan.
Saudi Aramco gets bids to expand Hawiyah gas plant - sources
Hawiyah is part of Ghawar, the world's largest onshore oilfield.
Iraq sets up oil shipping, trading joint venture
The venture is Al-Iraqia Shipping Services and Oil Trading.
DEWA MD & CEO receives high-level US delegation
A high-level American delegation headed by Paul Malik, US Consul-General in Dubai.
Thai Oil buys 1mln bbls North Sea crude for Nov to replace Mideast oil
Refiner Thai Oil has bought 1million barrels of North Sea Forties crude to be delivered in November to replace more expensive Middle East oil.
OPEC daily basket price for Tuesday 15th August 2017
The price of OPEC's basket of fourteen crudes stood at $48.45 a barrel on Tues.
Libya's Sharara oilfield output dropped after security breaches
Production at Libya's Sharara oilfield dropped to between 130,000 and 150,000 barrels per day (bpd), from about 280,000 bpd, because of recent security breaches
Insights
Australia risks missing next LNG wave: Russell
Australia's $180billion liquefied natural gas (LNG) spree.
Goodbye contango? Oil's long march towards backwardation: Kemp
Brent prices almost back where they were a year ago.
China's appetite for crude oil may become less voracious: Russell
Sharp slowdown in China's refinery processing in July.
