Month December 2016

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Saudi Arabia inaugurates five big energy projects TradeArabia

04.12.2016|Trade Arabia
Saudi Arabia has launched five mega oil and gas projects – Wasit Gas Plant, Manifa oilfield, Shaybah natural gas liquids, Shaybah oil increment, and Khurais oil increment – in line with the kingdom’s development objectives outlined by Vision 2030.
The projects were inaugurated by Saudi King Salman bin Abdulaziz Al Saud during his official visit to Saudi Aramco headquarters along with the new King Abdulaziz Center for World Culture.
The five energy projects, launched at Saudi Aramco’s Oil Supply Planning and Scheduling (OSPAS) facility, will enhance the kingdom’s crude production and processing capability and make more gas available for power and manufacturing.

Egypt Accepts Six Bids For Oil And Gas Exploration

Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday.
In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the Western Desert and Gulf of Suez as Egypt looks to boost oil and gas production to meet growing energy demand.
Royal Dutch Shell, BP, Apache Corp and Apex International Energy are among the companies involved, the ministry said in a statement.

Gamesa lands 115MW in Chile

Gamesa has won a contract to deliver 55 of its G114-2.1MW turbines for a wind farm in northern Chile.
The company will install the machines at the first phase of the Cabo Leones 1 wind farm in the Comuna de Freirina, which is being developed by EDF EN and Ibereolica, it said
The turbines will be delivered by the end of the first half of 2017.
Gamesa will also provide operations and maintenance services at the facility for the next 20 years.

Eni signs an agreement on renewables in Tunisia

Eni signed today in Tunis a cooperation agreement for the development of projects generating energy from renewable sources with the state company Entreprise Tunisienne d’Activités Pétrolières (ETAP), under the patronage of the Tunisian minister of Energy, Mines and Renewable Energies.
This initiative is part of Eni’s activities relaunch in Tunisia and broadens the scope of cooperation of the two companies through implementation of renewable energy projects also targeting the optimization of the oil sites energy resources and reduction of CO2 emissions, in line with Eni’s strategic objectives.

Egyptian firm Petrojet wins Oman gas pipeline deal

Egyptian contractor Petrojet has won a contract from Oman Gas Company (OGC) for construction of a 221-km-long pipeline that will supply natural gas to end-users at the Duqm Special Economic Zone, said a report.
The $90-million contract was awarded by OGC, a wholly owned subsidiary of Oman Oil Company (OOC), reported Oman Observer.

Romanian investor to build $700mn power plant in Iran

Iran and Romania have signed an initial agreement to build a 1,000MW power station in Mehran near the Iraqi border in a $700mn joint project. The 1GW power project was signed between Iranian company Pichak Sanat Ilam company and a Romanian partner whose identity was not revealed. Out of the $700mn cost of the project, 70% will be sourced by the Romanians and the rest by Iran. The type of power plant was not specified, but given the local resources, it will most likely be a gas-fired plant.