Galfar wins $299m Oman project
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MUSCAT: Oman’s Galfar Engineering has been awarded a RO115-million ($299.21 million) construction contract by the country’s top oil and gas producer, the contracting company said. Galfar will build a new central processing facility at Petroleum Development Oman’s (PDO) Yibal Khuff project southwest of Muscat, it said in a bourse statement. The contract is duration is 51 months.
Iran’s condensate sales at 2 mbpd
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DUBAI: Iran’s sales of crude oil and gas condensate will reach 2 million barrels a day (mbpd) in the coming days, President Hassan Rouhani was quoted as saying. “Iran’s income will increase. Our oil and gas condensate sales will reach 2 mbpd in the coming days. We will experience a different situation in the coming year,” Rouhani was quoted as saying by the Tasnim news agency.
Libyan oil production drops
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TRIPOLI: Libya’s oil production dropped to between 295,000 and 350,000 barrels per day (bpd) because of long-standing power supply problems, a spokesman for the National Oil Corporation said. Mohamed Al Harari said shortages from the public electricity network had affected oil supplies, but he expected production to recover soon.
Abraaj Group launches energy arm
LONDON: The Abraaj Group, a leading investor operating in global growth markets, has formed a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space. As a member of The Abraaj Group, Themis Energy will leverage the group’s local teams, global network, execution capabilities and existing infrastructure team to originate, develop and manage projects from concept stage to operations.
Morocco plans $30bn green spend
RABAT: Morocco is planning a $40-billion investment programme in the energy sector for the next 15 years, including $30 billion for renewable energy, a report said. The country has also designed $30 billion worth of water infrastructure during the same period, Abdelkader Amara, Minister of Energy, Mining, Water and Environment, was quoted as saying in The Namibian.
