MEOG - Middle East Oil & Gas
US Supreme Court says Turkey’s Halkbank not immune from Iran sanctions-busting prosecution
Lower court ordered, however, to take another look at whether government-owned lender can get the indictment dropped under common law.
Gazprom to set up Middle East arm
Russia’s state gas giant Gazprom announced this week that it will establish a unit in the Middle East, though it failed to provide further details.
Iraq set to renew Jordan supply deal
Iraq’s state oil marketer SOMO announced last week that a new memorandum of understanding would be signed for the resumption of crude supplies to the Jordanian Petroleum Refinery Co. (JPRC).
MoU set to strengthen ties between Iran, Venezuela
Iran and Venezuela this week signed a memorandum of understanding on gas, oil and petrochemical co-operation as the two countries continue strengthening ties.
Baghdad and Erbil close in on exports resumption
The Iraqi Federal government and the Kurdistan Regional Government (KRG) have taken a significant step towards resuming northern oil exports from the Turkish port of Ceyhan to international markets.
EDO achieves savings following loan renegotiation
State-owned Energy Development Oman has renegotiated the terms of its $2.5bn loan, resulting in cost savings of $100mn in interest. The move sets a new benchmark for EDO and represents a significant saving for the company and the Sultanate of Oman.
NIOC nearing completion of NGL 3200 project
The National Iranian Oil Co. is soon to complete the first phase of the NGL 3200 project, a major stride towards the collection of associated gases.
More Aramco shares transferred to PIF
Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the transfer of a 4% stake of Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund, the Public Investment Fund.
Iran and Saudi Arabia to reopen embassies on May 9
MEOG: Sinopec joins QatarEnergy’s NFE project
Turkey eyes gas exports to Europe on back of Black Sea field's development
Turkey is hopeful that the Black Sea Sakarya field could support gas exports to Europe, as Ankara touts the country’s potential to be a regional gas hub.
Sinopec becomes partner QatarEnergy’s NFE project
State-owned QatarEnergy this week signed a partnership deal with China Petrochemical Corp. (Sinopec) for the North Field East (NFE) expansion project.
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