Proposed terminal will be built by a subsidiary of state-owned Oman Oil Company (OOC) at Ras Markaz in southeastern Oman
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Saudi, Kuwait struggle to restart Khafji oilfield
Kuwait’s acting oil minister said on March 29 that Kuwait had agreed with neighbouring Saudi Arabia to resume production at the field
GE Oil & Gas partners with Iraqi Oil Ministry
Among the many objectives of the agreement, the two parties plan to set up Iraq’s first Monitoring & Diagnostics Center that will enable real-time predictive maintenance, reduced downtime & improved operational efficiency of Iraq Ministry of Oil’s fleet
Saudi Arabia plans largest artificial oil canal
The Saudi Council of Engineers, describes the largest artificial canal as the ‘project of the century’ and the ‘Kingdom’s second renaissance’
Kuwait oil and gas workers end 3-day strike: Union
The union has further pledged ‘to make every effort to immediately return production to its previous level’
Oman offers to bridge Saudi-Iran oil output gap
“Oman has a good relationship with everyone, not just the Saudis and Iran,” Sultanate’s oil minister says
Omani oil majors seek combined loans worth $4.35bn
While PDO is seeking a $2.5bn loan to fund its projects, the Oman Oil Company has contacted banks about amending the terms of an existing $1.85bn loan
Russia says door not closed for oil output freeze
Oil Minister Alexander Novak says the deal fell apart because Saudi Arabia had demanded Iran join in and that this was ‘unreasonable’
Saudi-Iran tussle wrecks deal to freeze oil output
Mohammed al-Sada, Energy Minister of host Qatar, says OPEC members need more time to agree on a free deal
Oman’s crude oil production falls in March
The average daily crude oil production stood at 976,253 barrels