ADNOC and KPC to lease India’s oil storage facilities
Abu Dhabi National Oil Corporation (ADNOC) and Kuwait Petroleum Corporation (KPC) are in talks with India to hire a part of its storage facilities, currently under construction
Industry
Petrofac awarded US$8.5 million contract for BP’s Shah Deniz 2
Oil and gas facilities service provider Petrofac has been awarded a contract worth approximately US$8.5mn to provide maintenance build capabilities to the BP-operated Shah Deniz 2 project, in the Caspian Sea
The Middle East holds 43.2 per cent of world’s natural gas reserve
The Middle East, with 80.3 trillion cu/m, is home to 43.2 per cent of the total natural gas deposit in the world, according to a new report
Kurdistan Region of Iraq’s crude tanker reaches the US
A crude oil tanker from Kurdistan Region of Iraq via Turkey has reached and anchored near the Port of Galveston in Texas, USA
Libya plans first oil export from Ras Lanuf since reopening
Libya’s National Oil Corporation (NOC) has issued tenders to export the first crude oil from its major eastern refinery and port Ras Lanuf, since a rebel blockade of many of the country’s oil facilities was brought to an end
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