Here is a brief overview of the week’s news on Oil Review Middle East, from 27th August - 31st August 2017
Iraq's Kurdistan resolves differences with Pearl consortium
The Kurdistan Regional Government (KRG) and Pearl Consortium have signed an deal to put an end to all their disputes by terminating the arbitration and related court proceedings over the Heads of Agreement (HoA) on Khor Mor and Chemchemal gas fields, according to a joint statement. Click here to read the full story.
SPX Flow launch CEREX P-range pump
SPX FLOW has launched its new Bran+Luebbe CEREX P-range pump for a high-quality, lower-cost alternative to its traditional Bran+Luebbe pumps. Click here to read the full story.
Oman secures US$728mn ammonia project
Oman’s Salalah Methanol Company (SMC), a wholly-owned subsidiary of the Oman Oil Company (OOC), has secured US$728mn for funding Salalah ammonia plant from a mix of 12 international, regional and local banks. Click here to read the full story.
Egypt signs three oil and gas exploration deal with Shell and Apex
Egypt has signed three new oil and gas exploration deals, worth approximately US$81.4mn, with Royal Dutch Shell and the US-based Apex Oil Company, a move which is aiming to exploiting the oil and gas potential in several regions across the country. Click here to read the full story.
Perenco takes half of Serept, Ashtart off Tunisia from OMV
Austria-based OMV has divested its 50 per cent stake in the offshore Ashtart oil field, located in the Gulf of Gabes in Tunisia, and another 50 per cent stake in the Tunisian oil and gas company Serept to the Anglo-French petroleum company Perenco. Click here to read the full story.
DNO’s Tawke field stake rises in settlement with Kurdistan government
The Norwegian oil and gas operator DNO ASA has been assigned the 20 per cent interest in Kurdistan’s Tawke oil field as payments of receivables owed to the company for past crude oil deliveries. Click here to read the full story.
JMMC shows positive indications towards oil market rebalancing processes
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee’s (JMMC) report has asserted that the oil market is showing positive result towards the goal of rebalancing. Click here to read the full story.
