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GE Oil & Gas has signed a long-term multi-outage agreement with Gulf Petrochemical Industries Company (GPIC), to drive the operational excellence of GPIC’s plant in Bahrain. The partnership will strengthen the competency of GPIC to supply products including ammonia and methanol that drive the growth of downstream industries and contribute…
Delivering keynote remarks on the opening day of Offshore Northern Seas 2016, Saudi Aramco senior vice president of Upstream Mohammed Y. Al Qahtani highlighted resilience as the key to navigating the transitional phase that global energy industry is currently experiencing.   Underlining enhanced cost efficiency and competitiveness as crucial to…
Saudi Aramco and PKN Orlen, the Polish crude oil refining company held a signing ceremony of contract agreement to supply PKN Orlen with 50,000 barrels per day (bpd) of crude oil starting May 1, 2016 with provisions for automatic annual renewal.   The contract, formally agreed in May, marks PKN…
Mohsen Qamsari, the director for international affairs of the National Iranian Oil Company (NIOC), stated that Iran has already reached the desirable level of oil output and likely to consider the oil freeze plan.   Qamsari said Iran’s current production of oil, based on OPEC calculations, stands at around 4.2…
Minister of Petroleum, Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.    Since the lifting of sanctions in January under a nuclear agreement, Iran has been ramping out oil production to claw back lost market share.   “During sanctions, exports of oil…
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