Middle East Headlines
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Iran Oil Exports Fall For First Time In Five Months
(Thursday, April 17, 2014) Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April.

Five S.Korea Firms Win Combined $7.2 Bln In Kuwait Refinery Orders
(Monday, April 14, 2014) The contracts highlight efforts by South Korean builders to shore up margins via joint bids with other local or foreign firms for major overseas construction projects.

Israeli Gas Holds Promise of Better Ties with Neighbors
(Monday, April 14, 2014) Israel's drive to export its new-found natural gas could help to rebuild strained ties with old regional allies Egypt and Turkey, but could deprive Europe of a precious alternative to Russian gas.

Technip Wins FEED for Iraq NGL Project
(Thursday, April 10, 2014) Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), was awarded by Basra Gas Company (BGC), a contract for Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra Province, Iraq.

Iraq Hopes to Complete Oil Pipeline to Raise Exports This Year
(Wednesday, April 09, 2014) Iraqi Oil Minister Abdul Kareem Luaibi says the country hopes this year to complete construction of a 124-mile oil pipeline to raise exports to Turkey to more than one million barrels per day.

Kuwait Boosts Oil and Diesel Supplies to Egypt
(Tuesday, April 08, 2014) Kuwait will boost its supply of crude oil to Egypt by nearly a third and increase shipments of petroleum products in a deal the Gulf state's oil minister said was an obligation to help Cairo through its problems.

As Iraq Sells More Oil To Asia, Quality Issues Emerge
(Tuesday, April 08, 2014) Iraq's rush to pump more oil to Asia has coincided with complaints from some buyers about the quality of its crude.

Kuwait In Talks To Renew Contracts On Supplying Oil To Egypt
(Monday, April 07, 2014) Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments in the energy sector there, the Gulf state's oil minister said on Monday.

CB&I Wins Contract for Oman Plastics Project
(Monday, March 31, 2014) CB&I's project scope includes FEED services for a grassroots 800 ktpa ethylene plant, pygas unit, MTBE and butene-1 unit, two polymer plants, a gas plant and pipeline as well as the related off-sites and utilities.

Saudi JV Jubail Refinery To Reach Full Output by Mid-2014 - Total
(Friday, March 28, 2014) The joint venture Jubail refinery in Saudi Arabia will reach full production capacity by around mid-2014, Total says.

Woodside Set For Landmark Israel Gas Deal But Hurdles Remain
(Wednesday, March 26, 2014) Woodside is expected to confirm plans worth up to $2.71B to take a 25% stake in Israel's giant Leviathan gas field but differences over profit sharing threaten to slow plans for exports.

Saudi Petrorabigh Says To Shut Unit From May 27-Apr 19
(Wednesday, March 26, 2014) Saudi Arabia's Petrorabigh plant is to shut a vacuum gas oil treatment unit for maintenance from March 27 to April 19, the operating company said on Wednesday.

Iran Plans New Oil Terminal to Bypass Hormuz
(Tuesday, March 25, 2014) A senior official says Iran is planning to build a new oil terminal beyond the strategic Strait of Hormuz.

Israeli Panel Helps Clear Up Uncertainty With Gas Export Tax Model
(Tuesday, March 25, 2014) An Israeli government panel on Tuesday presented its preferred model for taxing natural gas exports.

Petrofac Awarded Oil, Gas Facility Contract in Oman
(Monday, March 24, 2014) Petrofac wins a contract with Petroleum Development Oman to supply engineering and procurement services to Oman's Rabab Harweel Integrated Project.

Kurds to Export Some Oil Through Iraq Pipeline As 'Goodwill Gesture'
(Friday, March 21, 2014) Kurdistan will export 100,000 barrels of oil per day through the Iraqi pipeline network from April 1 as a "gesture of goodwill" while negotiations with Baghdad continue, a statement from the region's prime minister said on Thursday.

Rising Violence Stops Repair of Iraq-Turkey Oil Pipeline
(Wednesday, March 19, 2014) Escalating violence along Iraq's northern crude oil pipeline to Turkey has prevented technicians from fixing damage due to sabotage that has suspended flows since the start of the month, sources from Iraq's North Oil Company (NOC) said on Wednesday.

Delek Group Lowers Stake in Delek U.S. Holdings to 25.4 Pct
(Wednesday, March 19, 2014) Israeli conglomerate Delek Group sold 3 million shares of Delek U.S. Holdings Inc in an off-market transaction to a foreign financial institution for 315 million Israeli shekels ($91 million).

Iran Oil Exports Show Steady Increase As Asia Buys More
(Wednesday, March 19, 2014) Iran exported oil at levels higher than allowed under Western sanctions for a fourth straight month in February with ship loading data obtained by Reuters showing top clients again bought more than 1 million barrels per day.

IFC, EBRD Pull Out From SOCAR Turkey's Star Refinery Project
(Tuesday, March 18, 2014) The World Bank's International Finance Corporation (IFC) and the European Bank of Reconstruction and Development (EBRD) have withdrawn from a consortium financing the construction of Turkey's second oil refinery, SOCAR said Tuesday.




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