Petropars is negotiating with Royal Dutch Shell about feasibility studies about major oil and gas projects, the company’s managing director Javad Shams was reported as saying on 23 May. “We have already signed a cooperation document with a German company…
Tag: oil
Why Saudi Arabia didn’t need a Doha deal
Saudi Arabia’s Oil Minister Ali al-Naimi The failure of the OPEC/non-OPEC producers’ meeting in Doha was principally because Saudi Arabia is winning the market share war and didn’t need a deal. World oil prices fell sharply after the meeting…
Saudi Aramco IPO to signal Saudi openness
Saudi Aramco Chairman Khalid al-Falih at the Global Competitiveness Forum in Riyadh on 25 January. For full coverage of Saudi Arabian business events, see MEED Chairman of Saudi Aramco Khalid al-Falih said today that plans for a possible initial public…
EU to send energy mission to Iran
For full coverage of business events in Iran, see MEED The European Commission will undertake a first “technical assessment mission” in February to explore energy ties with Iran following the lifting of international sanctions, European Climate and Energy Commissioner Miguel…
Saudi Aramco confirms share sale being considered
For full coverage of business developments in Saudi Arabia, see MEED Saudi Aramco, the government-owned oil company, said in a statement today that it is considering a public share offer.This follows the publication of an interview with deputy crown prince Mohammed…
UAE leads $120m loan for Aegean Oil
United Arab Bank (UAB) has closed of a $120 million credit facility for Aegean Oil Terminal Corporation, a New York Stock Exchange subsidiary of Aegean Marine Petroleum Network Incorporated (AMPNI). The credit facility marks the first syndicate lead for UAB…
Iran can lift oil output “immediately” by 500,000 b/d
NIOSC chairman and chief executive officer Bijan Alipour For full coverage of business developments in Iran and the Middle East, see MEED Iran can increase its crude oil output “immediately” by 500,000 barrels a day (b/d) following the relaxation of…
Fitch affirms Bahrain at BBB-/BBB, cuts outlook
For full coverage of business developments in the Middle East, see MEED Fitch Ratings has affirmed Bahrain’s long-term foreign and local currency issuer default ratings (IDR) at Fitch Ratings BBB- and BBB, respectively. The issue ratings on Bahrain’s senior unsecured…
CNN says Iran plans to raise output by 1.5m b/d by end of 2016
CNN’s John Defterios has just returned from Iran’s oilfields For full coverage of business developments in Iran and the Middle East, see MEED Iran has an aggressive plan to lift oil production following the relaxation of nuclear-related sanctions and aims…
New oil contract to be unveiled on 28 November
Head of Iran’s oil and gas contracts restructuring committee Mehdi Hosseini For full coverage of Middle East business events, see MEED Iran’s new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks,…