Energy MENA Edition

oil and gas

Iran oil output beats 3.8 mln bpd, eyes 4 mln - minister

In mid-June, Oil Minister Bijan Zanganeh said output had reached 3.8mln bpd.

oil and gas

Russia's Novatek aims topple Qatar from LNG top spot

Novatek projects could pump 70 mln T vs Qatar's 77 mln T.

oil and gas

Oil edges up, but still set for worst H1 performance in 20 yrs

Crude is still set for its worst first-half decline in two decades despite ongoing production cuts.

Storage tanks full, oil set for worst H1 in 20 yrs

Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despite ongoing production cuts. Ciara Lee reports.

energy

Dubai DP World, Masdar tie up

Under the deal, Masdar will work with DP World to address challenges related to the delivery of sustainable and cost-effective power generation, with a focus on areas that are remote or off-grid.

oil and gas

Oil market flashes warning about stock levels in 2018: Kemp

Calendar spreads for Brent futures throughout the rest of 2017 and 2018 have weakened significantly since OPEC agreed to roll over its production allocations in May

alternative energy

DP World, Masdar sign MoU to explore clean energy solutions

The two sides will work to address challenges related to the delivery of sustainable, reliable and cost effective power generation.

oil and gas

Aramco Luberef eyes commercial output from expanded facility by Q4

The expansion will take Luberef's total Yanbu refinery production to 900,000 tonnes per year of GI and GII base oil.

oil and gas

Russia's Gazprom sees gas export revenues at $32-34bln in 2017

Gazprom's investment programme was estimated at RUB850 billion ($14.2 billion) in 2018 and would stay at the same level in 2019.

oil and gas

Russia's Gazprom sees Turkish Stream pipeline cost at $6bln

The first line is to run to Turkey, while the second one will ship natural gas to Europe.