The Iraqi government approved a US$998mn oil field service deal awarded to South Koreas Samsung Group by Lukoil to develop the West Qurna Phase Two oil field, according to a government statement.
Exploration & Production
Kuwait Energy makes a new discovery in Egypt
Kuwait Energy announced a new oil discovery in Egypts Ahmad-1X well, located in the Gulf of Suezs Area A concession.
Circle Oil completes pipeline construction in Morocco
Circle Oils new Sebou (DRJ)-Kenitra pipeline and associated infrastructure for its Rharb Basin permits in Morocco has been successfully completed within budget.
Oman oil output surges
Oman pumped nearly 894,000 bpd of oil in December which was seven per cent higher than the November production and more than 100,000 bpd higher than the output two years ago.
Aramco and Sinopec sign US$10 billion refinery deal
Saudi Aramco signed a deal with Chinas Sinopec to build a 400,000 bpd oil refinery in Yanbu, on the kingdoms Red Sea coast.
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