Qatar Petroleum and Exxon Mobil are expecting proposals by the end of August from international, regional and local banks on a US$4.7 billion syndicated loan, backing the Barzan gas project.
Gas
Basra Gas Co. joint venture to cost US$17.2 billion
Iraqs proposed gas deal with Shell to capture and exploit associated gas from its giant southern oil fields is expected to produce two billion cubic and will cost US$17.2 billion.
Dubai to launch gas strategy
Dubai will launch a gas strategy next year aimed at reducing rising energy demand in the emirate and will tender to appoint a specialist consultant for the plan by year-end, the emirates top energy council said.
Interserve wins Qatari gas projects worth US$114mn through GCC
Interserve has won two projects in Qatar through its associate company, Gulf Contracting Company (GCC), worth US$114mn.
Iran discovers gas field with reserves of 495 billion cubic meters
Iran has discovered a new gas field with reserves of 495 billion cubic meters and is valued at US$133 billion.
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