Exploration & Production

Samsung wins US$998mn West Qurna contract

oil-productionThe Iraqi government approved a US$998mn oil field service deal awarded to South Korea's Samsung Group by Lukoil to develop the West Qurna Phase Two oil field, according to a government statement.

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Kuwait Energy makes a new discovery in Egypt

Ahmad-1X-wellKuwait Energy announced a new oil discovery in Egypt's Ahmad-1X well, located in the Gulf of Suez's Area A concession.

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Circle Oil completes pipeline construction in Morocco

Circle_Oil_Morocco_1Circle Oil's new Sebou (DRJ)-Kenitra pipeline and associated infrastructure for its Rharb Basin permits in Morocco has been successfully completed within budget.

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Oman oil output surges

Oman_oilOman 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.

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Aramco and Sinopec sign US$10 billion refinery deal

Aramco_Sinopec_1Saudi Aramco signed a deal with China's Sinopec to build a 400,000 bpd oil refinery in Yanbu, on the kingdom's Red Sea coast.

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