Saudi Arabia crude exports to rise, ministry claims
Saudi Arabia is likely to export more crude over the next few months due to increasing demand from Asian countries, according to the Kingdom’s Oil Ministry
E&P
Basra Gas project to process 56.6mn cubic metres of gas by 2017
Iraq’s Basra Gas Company (BGC), a joint venture between the state-run South Gas Company (SGC), Shell and Mitsubishi, has been processing around 11.3mn cubic metres per day of gas and has claimed it is on track to treat 56.6mn cubic metres per day by 2017
Oman signs oil and gas exploration deal with PetroTel
Oman’s Oil Ministry has signed an oil and gas exploration agreement with US-based PetroTel Incorporation as part of the countrys plan to increase its national crude oil production
ADNOC invites bids for onshore fields
Abu Dhabi National Oil Company (ADNOC) has sent out the invitations to pre-qualified international firms to bid for the renewal of a shared license to operate a selection of the emirates onshore oilfields
Exxon to invest additional US$50 million in Kurdistan Region of Iraq oilfield
ExxonMobil has allocated US$1.65bn to develop the Kurdistan Region of Iraq’s West Qurna 1 oilfield in 2013, marking a rise of US$50mn on the amount it allocated in 2012
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