For full coverage of Middle East business, see MEED Qatar has cut its planned spending on health projects following the drop in oil prices but expenditure on World Cup-related projects should be unchanged, Reuters reported lead adviser for contracts and project management…
Month: May 2016
Bids in for Al-Shaheen PSA
For full coverage of Middle East business, see MEED Chevron Corporation, Royal Dutch Shell, Total SA, ConocoPhillips and Maersk Oil Qatar have bid for a production sharing agreement for the offshore Al-Shaheen field, which currently produces 300,000 barrels a day…
GS Oil & Gas to resume South Pars work
For full coverage of Middle East business see MEED South Korea’s GS Energy has signed a deal to resume work on phases 6-9 of the South Pars gas project it withdrew from following the intensification of sanctions in 2011. The company…
Iran ready to co-operate with Oman in oil and gas
For full coverage of Middle East business, see MEED Managing Director of Iran Ship Building & Offshore Industries Complex Company (ISOICO) Hamid Rezayian Asl said Iran is ready to cooperate with Oman in developing its oil and gas projects. “The Southern…
Abu Dhabi launches event licensing system
For full coverage of Middle East businss see MEED An events licensing system for the official registration of events and conferences in Abu Dhabi was launched today in a decree issued by Abu Dhabi crown prince and Abu Dhabi Executive…
Etihad Airways consortium raises $500m
Etihad Airways president and chief executive officer James Hogan A consortium of Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have raised a further $500m in a second platform financing transaction. The funds raised by the…
Iran has got $3bn not $55bn in frozen assets
John Kerry during his May visit to London in which he met non-US banks Only $3bn of $55bn of Iran’s frozen assets have been returned so far and European and Asian banks continue to be reluctant to deal with Iranian counterparts,…
Tanker company to resume Iran oil shipments
The National Iranian Tanker Company (NITC) will resume shipments of oil to Europe soon, an NITC official was quoted today as saying by Fars New Agency. NITC’s Ramin Rajaei said the NITC tanker fleet remained fit for purpose despite sanctions.…
Saudi Aramco plans riyal sukuk programme
JPMorgan Chase & Company, HSBC Holdings and Riyad Bank are advising Saudi Aramco about setting up a riyal-denominated sukuk programme that could be launched later this, Bloomberg reported this morning. The world’s largest oil producing corporation, which is due to…
Dubai Parks rights issue oversubscribed
Dubai Parks & Resorts, which is developing a theme park in Jebel Ali, said today that its AED 1.68bn rights issue was oversubscribed 1.25 times. The offering is due to close in two days. Total subscription on 23 May was AED 2.1bn, the company…