Turkey looking to diversify gas import supplies

Monday, 20 November 2017

Turkey is working on possible gas imports from the Middle East, Central Asia, the East Mediterranean and Africa, according to the text of a speech, which Energy Minister Berat Albayrak was making on Monday. In the text of the speech, which he was making to a parliamentary budget commission, Albayrak said Turkey was looking to diversify the resources and routes for natural gas imports to increase competition.

Iran has exported 1.2 billion cubic meters of gas to Iraq since June

Saturday, 18 November 2017

Iran has exported 1.2 billion cubic meters of gas to Iraq since late June, the managing director for the Iranian Gas Transmission Company, Saeed Tavakoli, said Saturday, according to SHANA, the website of the Iranian oil ministry. Iran has planned for the export of up to 25 million cubic meters of gas per day to Baghdad, Tavakoli said. The neighbors, both members of the Organization of the Petroleum Exporting Countries, initially signed a deal in 2013 for Iran to supply Iraqi power stations, ...

Russia cast a second veto against Syria gas attacks inquiry renewal

Friday, 17 November 2017

Russia on Friday cast a second veto in as many days at the United Nations Security Council to block the renewal of a UN-led investigation to identify who is behind chemical weapons attacks in Syria. Japan on Thursday asked the UN Security Council to renew for 30 days a UN-led investigation of chemical weapons attacks in Syria, according to a draft resolution obtained by AFP. The United Nations Security Council was due to vote on Friday on a Japanese-drafted resolution to renew for one month an ...

Lebanon minister: Political crisis wont delay oil, gas licensing

Tuesday, 14 November 2017

Lebanon’s energy minister said on Tuesday he does not expect any delays to its first oil and gas offshore licensing round because of the political crisis sparked by the prime minister’s resignation.Energy and Water Minister Cesar Abi Khalil told reporters on the sidelines of an energy conference in Abu Dhabi he expects to submit his report on the bids to the council of ministers for final approval before the year-end.Prime Minister Saad al-Hariri resigned in a speech from Saudi ...

CEO: Aramco plans to spend $300 bln over 10 years in upstream oil and gas

Monday, 13 November 2017

Saudi Aramco plans to spend close to $300 billion over 10 years in upstream oil and gas projects, Chief Executive Amin Nasser said on Monday.Speaking at the ADIPEC energy conference in Abu Dhabi, Nasser said: “This is mainly upstream, onshore, offshore and joint ventures in the kingdom and out of the kingdom.” He also said a decision would hopefully be made soon on the location for the listing of shares in the oil giant.Crown Prince Mohammad bin Salman said last month that ...

Russia: ‘Many inconsistencies’ in UN report on Syria sarin attack

Friday, 27 October 2017

Russia on Friday criticised a United Nations report, which blamed a sarin gas attack in Syria on Bashar al-Assad’s regime, with a deputy foreign minister saying it contained inconsistencies and unverified evidence. “Even the first cursory read shows that many inconsistencies, logical discrepancies, using doubtful witness accounts and unverified evidence... all of this is still (in the report),” Deputy Foreign Minister Sergei Ryabkov told Interfax news agency. UN report finds ...

Know the 7 products that Saudi Arabia has banned from exporting

Monday, 21 August 2017

Zamzam water is among seven products that are prohibited from being exported from Saudi Arabia reported an article from Al Watan Online.  The Saudi Exports Development Authority has asked project and company owners to be aware of seven products prohibited of exportation from the Kingdom before exporting. Of the products, infant milk and natural sand are highest on the restricted list under the kingdom’s laws. The list of goods prohibited as per the kingdom’s legislation are: - ...

Petronas drops $28.8 billion natural gas project in Canada

Wednesday, 26 July 2017

Petronas said Tuesday it was pulling out of its Can$36 billion ($28.8 billion US) liquefied natural gas exporting project on Canada’s west coast long opposed by environmentalists and native rights activists. The Pacific NorthWest LNG project was greenlighted in September to build a pipeline and two liquefied natural gas terminals on Lelu Island, British Columbia, an area home to a huge nature preserve and wild salmon habitat. Each of the two plants would liquefy some six million tonnes of ...

From prosperity to crisis: How Qatari dreams turned to nightmare

Friday, 14 July 2017

The rise of Qatar to prominence and economic glory has been nothing short of meteoric. Much of this prosperity has been the result of vast finds of gas and commensurate demand of this fuel across the globe. This single phenomenon has propelled the tiny peninsula to the league of superrich countries, eclipsing the likes of principalities such as Luxemburg and nations such as Singapore and even Switzerland. Even as its bigger and more prominent hogged the limelight during the oil boom of 70s, ...

Moody’s says Qatar outlook negative amid crisis

Wednesday, 5 July 2017

The ratings agency Moody’s says it is changed its outlook on Qatar’s economy to negative, largely due to the ongoing diplomatic dispute now engulfing the country. Moody’s said in a statement early Wednesday that “the likelihood of a prolonged period of uncertainty extending into 2018 has increased and a quick resolution of the dispute is unlikely over the next few months.” Moody’s says that “carries the risk that Qatar’s sovereign credit ...

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