Industry

Iraq and Kurdistan Region of Iraq reach tentative agreement on oil firm payments

pipeline iraq-kevin abbot sxc optIraq’s federal government and the Kurdistan Region of Iraq have reached a tentative agreement to resolve disputes over payments to foreign companies that have affected crude oil exports from the autonomous region

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Japan hoping to renew oil and gas deal with UAE

The 2011 earthquake has seen Japanese nuclear plants close and the country increase its reliance on oil and gas. (Image source: Kawamoto Takuo, Wikimedia Commons)With a nuclear cooperation and technology transfer deal signed recently between the two countries, Japan has told the UAE that it would like to renew its oil and gas concession beyond the current 2018 expiry date

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Egypt to adopt new licensing policy for oil and gas exploration deals

well egypt-QR9iudjz0 sxc.huEgypt has announced a new licensing policy for its future onshore and offshore oil and gas exploration contracts signed with foreign companies

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Libya to dispatch oil to Egypt next month

oil truck libya-sylvar flickrLibya will soon start dispatching oil to Egypt on soft credit terms as Cairo is currently struggling to pay for oil imports

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Horizon Terminals Limited to commission new oil terminal in UAE’s Jebel Ali by end of year

refinery htl-azzabazoo flickrHorizon Terminals Limited (HTL), a subsidiary of Emirates National Oil Company (ENOC), announced that its new oil terminal in Jebel Ali, with a storage capacity of over 141,000 cubic metres, is likely to be completed by the end of 2013

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