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Uk firm to advise on Abu Dhabi Nuclear project
Thu, 29 Jul 2010 10:13:24 +0400
UK-based Norton Rose has been selected by the Emirates Energy Corp (Enec) to work on the region's first nuclear power project, Meed has reported. UK-based KPMG is also advising Enec on the project and Standard Chartered is working for the project's contractor, Korea Electric Power Corp (Kepco). The scheme will comprise four nuclear reactors to be built at a site in the Abu Dhabi's Western Region.

Aramco awards contracts for Yanbu refinery
Thu, 29 Jul 2010 10:11:28 +0400
Saudi Aramco has signed contracts with international firms to build a multi-billion dollar refinery at Yanbu on Saudi Arabia's Red Sea coast, Reuters has reported. South Korean firms Daelim and SK Engineering and Construction Co won deals to build three of the main processing units at the 400,000 barrels per day (bpd) refinery. Other winners included Spain's Tecnicas Reunidas , Dayim Punj Lloyd (Saudi Arabia), a unit of Punj Lloyd, and Egypt's Engineering for the Petroleum and Process Industries (ENPPI), the company said in a statement. The complex refinery is slated to process heavy crude from Saudi Arabia's project to pump 900,000 barrels per day from the Moneefa oilfield.

Iran seeks to be gasoline exporter
Thu, 29 Jul 2010 10:08:09 +0400
Iran's oil minister Massoud Mirkazemi has said the country will become a gasoline exporter in the next four years, playing down the impact of new sanctions which are curbing its ability to import the refined fuel, Reuters has reported. The Islamic republic aims to avert any gasoline shortages by suppressing demand and increasing refining capacity, something which the minister said would reverse Iran's current position as a net importer. "It is predicted that Iran's gasoline production capacity will increase to 170 million litres per day by the end of (Iranian year) 1392 (March 20, 2014) and the country's need for gasoline in that year will not be more than 66 million litres per day. Therefore Iran will become a gasoline exporter," Mirkazemi said.

Qatar to spend $30bn on energy through 2014
Wed, 28 Jul 2010 09:21:15 +0400
Qatar National Bank has said the country plans to spend QR111.7bn ($30.7bn) through 2014 on energy and industry projects, Bloomberg has reported. State-owned Qatar Petroleum has budgeted QR37bn for gas projects, QR24.5bn for industrial projects and QR24bn for oil projects, QNB said in its July Qatar Economic Review. Qatar will start two new liquefaction plants this year which will raise its annual LNG production capacity to 77 million metric tonnes from 54.3 million by the end of this year. The country will also boost oil production to 889,000 barrels a day from 798,000 barrels a day now by the end of next year, the bank said. Output capacity is forecast to reach 1 million barrel a day.

Iraq's daily crude oil exports dip in June
Wed, 28 Jul 2010 09:18:50 +0400
Iraq's oil ministry has said the country's daily crude export in June dropped 3.7% below the levels of the previous month, Bloomberg has reported. Exports fell in June to about 1.82 million barrels a day, or 54.7 million barrels for the month, the ministry said in a statement. Iraq in June exported 79% of its crude, or 43.2 million barrels valued at $3.07bn, from the southern port of Basra. It shipped the remaining 11.5 million barrels, earning $815m, from the northern oil hub of Kirkuk, the ministry said.

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