Abu Dhabi National Oil Company (ADNOC) has proposed to extend an agreement on some of its largest onshore oilfields in order to give it more time to develop a new deal with international oil companies
Industry
Fujairah Oil Terminal's first phase inaugurated
The first phase of Gulf Petrochem’s US$136.4mn Fujairah Oil Terminal has been inaugurated in the UAE emirate
EmiratesLNG and Fujairah government agree lease deal for LNG facility
EmiratesLNG has signed an agreement to lease 260,000 sqm of land from the Government of Fujairah to accommodate its planned LNG import terminal and regasification facility
Jordan and Kurdistan Region of Iraq to finalise double pipeline deal
Jordan and the Kurdistan Region of Iraq are expected to sign commercial and legal agreements this month to build a double pipeline to supply Jordan with crude oil and natural gas
Saudi Arabia oil 'can fulfill energy needs for 80 years'
Saudi Arabia has adequate oil reserves to meet its energy requirements for 80 years, the International Association of Energy Economies (IAEE) has announced