Iraq expects TotalEnergies to begin operations on a long-delayed $27 billion oil, gas, and renewables project in the second half of 2023 after finalising side-contracts with a state oil company, Reuters reported, citing Iraq’s deputy oil minister. Basim Mohammed, Iraqi deputy oil minister for upstream affairs, said TotalEnergies and the Basra Oil Co “are now […]
News
Posted inNews
Kuwait’s KPC and Shell sign deal to share oil and gas expertise
Kuwait’s state-owned energy company Kuwait Petroleum Corp and international major Shell have signed an MoU for exchanging know-how and expertise across various divisions of the fossil fuel sector. KPC said in a statement on Saturday that the memorandum of understanding (MoU) was inked as part of the approach by the corporation and its subsidiary companies […]
Subscribe to Oil & Gas Middle East Newsletter
Subscribe to receive the latest tech news & views in Middle East & Africa
Posted inNews
Oman, UAE sign major deal with Brazilian mining giant
Oman and the UAE have signed a major deal with Brazilian mining giant Vale to begin transporting iron ore between the two countries. The Oman and Etihad Rail Company, the developer and operator of the UAE-Oman Rail Network, has signed a Memorandum of Understanding (MoU) with Vale, one of the world’s largest mining companies. Oman and […]
Posted inNews
ADNOC to install solar panels on Dubai petrol stations this year
ADNOC Distribution will install solar panels across its service station network in a phased approach starting in Dubai this year, the company announced on Thursday. For the solar rollout, the company has partnered with Emerge, a joint venture between Masdar and EDF, to provide ADNOC Distribution with a full turnkey solution including finance, design, procurement, […]
Posted inNews
ADNOC partners with French company to design unmanned ROVs
ADNOC’s shipping unit ADNOC Logistics & Services has partnered with French marine and energy services firm SeaOwl to develop unmanned remotely operated vessels as part of its sustainability efforts. The vessels will be designed to reduce up to 30% of carbon emissions, with its smart automation systems capable of optimising routes, further contributing to ADNOC […]
Posted inNews
NEOM awards $1.5 billion contract to connect cities for gigaproject
NEOM has awarded contracts worth $1.5 billion to Italian company Webuild and its joint-venture partner Shibh Al Jazira Contracting Co (SAJCO) to design and build 57 kilometers of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia. The contract covers the design and build for a railway connecting THE LINE, […]
Posted inNews
UAE announces major tax update for multinational companies
The UAE has introduced new rules for companies liable to pay Corporate Tax in the country. A Ministry of Finance decision outlines the need for transparency for multinational companies when pricing transactions between related parties. Records and documentation must be kept for firms: UAE corporate tax The Ministry of Finance has issued the Ministerial Decision No (97) of 2023 […]
Load more