Omani Oil Minister says Oman LNG has a spare capacity of 1.5mn tonnes per annum, which can be used by Iran for liquefying its gas
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Industry players generate energy
Despite worrying signs about the global oil market’s oversupply situation and the subsequent decline in crude prices, over 250 industry professionals gathered at the Gulf Intelligence UAE Energy Forum in Abu Dhabi last month.
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S&P says Qatar ‘stable’; ratings at AA/A-1
Qatar has built a large net asset position over many years that will help it weather the current lower hydrocarbon price environment: S&P
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Petroleum Development Oman to borrow abroad
PDO will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders: Sultanate’s Minister of Oil and Gas Mohammad bin Hamad al-Rumhy
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Oman targets daily crude output close to 1mn bpd
The Sultanate’s oil and gas minister also said that the country is on track to reduce the oil industry’s contribution to the GDP to 22% from 44% by 2020
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Sultanate buoyant despite downturn
Despite plummeting oil revenues and economic troubles, the government in Oman has resolved to continue investing in the nation’s oil and gas sector, as industry majors move ahead with existing and new projects in 2016
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Iranian oil minister to visit Oman today
This will be Iranian Oil Minister Bijan Zanganeh’s first foreign trip after the removal of sanctions
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Testing times for the Kingdom
Despite the global oil oversupply and the subsequent free fall in crude oil prices, Saudi Arabia is determined to maintain high output levels and press ahead with its oil and gas projects in future to control market share
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Pakistan inks $16bn LNG deal with Qatar: Report
Pakistan’s state-owned company PSO would receive 1.5mn tonnes of LNG per year from QG2; supply would be raised to 3mn tonnes per year from the second year
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Not affected by Azerbaijan oil accident: BP
One worker killed, 29 missing and 33 rescued after SOCAR oil platform in Caspian Sea caught fire on Friday