Monday, March 1, 2010

A weekly report highlighting major events in the Gulf region's oil

March 1, 2010

A weekly report highlighting major events in the Gulf region's oil

Confirmed that the improvement in oil prices revived the major companies


تحقيق اقتصادي Achieve economic

متابعة ـ حيدر فليح الربيعي Haidar al-Rubaie follow Fulayyih

Likely economic report that the causes of vulnerability of energy companies listed on stock markets in the region is due to the factors that were behind the decline in the active sectors in the economies of the region.

And the weekly energy report the major events in the oil and gas sector over the last week in the Gulf region

He pointed to the important steps taken by the Iraqi Oil Ministry, through negotiations with the company (CNN.. Or. Or. C) China's oil, and aimed to conclude a contract of service to clear the field of Maysan.

The report may also include oil major events in the countries of the UAE and Iran, Oman and Saudi Arabia as well as Iraq.

Emirates

Won a joint project involving the Mubadala Development Company, has a maritime lien on the oil and gas in Malaysia, where they will be investing about $ 80 million.

And Malaysia's Petronas awarded the contract to a joint venture between them and the exchange on behalf of «or DC for oil and gas.

The company will develop the concession, which owns the 75% with Petronas owns the rest.

The concession area of 5786 square meters and is located in the middle of Sarawak Marine Basin at a depth of up to 200 meters below sea level. For its part granted Abu Dhabi ground operations (ADCO) National Petroleum Construction Company «NBC CNN» contract for the onshore Bab field development project land , where she had National Petroleum Construction Company to win this contract of the $ 683 million U.S. dollars after a fierce competition involving a number of international companies.

العراق Iraq

Negotiate and the Iraqi Oil Ministry is currently with the company (CNN.. Or. Or. C) for the conclusion of the Chinese oil service contract for the complex field of Maysan, the oil reserves of 2.5 billion barrels, said the Iraqi oil ministry said the Chinese company and approved proposals for the government to get a fee of $ 2.30 for each additional barrels are being produced. and Iraq and Russia reached a final settlement on past differences between them on big oil contracts.

Revealed some sources that Iraq is ready at any moment to sign with Russia on a program of economic cooperation and a huge trade worth about U.S. $ 40 billion, and Iraq gives priority in its cooperation in the oil fields of West Qurna in southern Iraq to the Russian oil companies, which announced Locke Oil giant Russian they have regained their rights following the decision by Baghdad late last year with the dissolution of a value of six billion dollars for not honoring its obligations.

Oman

The PDO, the discovery of three new oil fields one of which contains large quantities of oil in the ground, a field and the field flush West ward, and a field south of dust, which is close to the dust of the current field and the field of science in a century to be determined extensions of the field in 2010 , where he is expected to exceed the amount of oil in the Mkamenh billion barrels, which enhances the prestige of this discovery.

They also found the company's gas field is likely to be a great field immortality, which is located in the north of the concession area.

AP news