OIL AND GAS

Jordan, Iraq discuss Basra-Aqaba oil pipeline May 23, 2017

Minister of Energy and Mineral Resources Ibrahim Saif discussed with Iraqi Oil Minister Jabbar Al Luaibi a project to construct an oil pipeline between Iraq and Jordan to export Iraqi crude oil via Jordan and provide the Kingdom with its oil needs.

Saif said that a Jordanian technical team will hold meetings on June 7-8 to finalize the project's agreements.

The project will provide Jordan with 150,000 barrels of oil per day, out of 1 million barrels that will be exported through Aqaba.
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No oil in commercial quantities in Jordan: Energy minister May 18, 2017

Minister of Energy and Mineral Resources, Ibrahim Saif said no oil nor gas, in commercial quantities, have been found in any of the Kingdom's open areas for investors to explore.

Saif told the JRTV on Wednesday evening, that the government, which uses various local energy sources, including renewable energy (sun and wind) and oil shale, has no justifications to hide information or evidence of oil in the Kingdom.

He said there are ongoing attempts by international companies, such as Shell, which"...

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Iraqi team is visiting Jordan to draw up Basra-Aqaba oil pipeline preliminary features, says minister May 18, 2017

Minister of Energy and Mineral Resources, Ibrahim Saif, on Wednesday, said an Iraqi technical team is currently visiting the Kingdom to draw up what he called the 'preliminary features' of the Iraqi-Jordanian oil pipeline.

The pipeline, which starts in the Iraqi southern city of Basra and ends in the southern port of Aqaba on the Red Sea, is nearing the implementation phase, the minister said in a statement, stressing that this regional project is important in serving Iraq, Jordan and Egypt.
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Festival City's IMAGINE Show with Panasonic Projectors Receives Second Guinness World Record May 13, 2017

(ME NewsWire)-- Guinness World Records recognized IMAGINE, the latest multimedia attraction in Dubai, for the World's Largest Permanent Projection Mapping after a three-month successful run, using over 60 Panasonic projectors covering approximately 4,857 square meter of projection area on the facade of InterContinental Dubai Festival City.

[Video] Projection Mapping with Panasonic Projector - Dubai"...

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TSYS Signs Payments Agreement with QIIB May 13, 2017

(ME NewsWire)-- TSYS (NYSE: TSS) announced today that it has signed an agreement with Qatar International Islamic Bank (QIIB) to license PRIME 4, the latest version of TSYS’ future-focused PRIME payment solutions platform.

QIIB is an award-winning Islamic bank that will leverage PRIME as a consolidation platform to manage all of its card issuing and multi-channel acquiring. By migrating to PRIME,"...

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Dynamic Spectrum Alliance Global Summit 2017 Successfully Concludes Following Discussion on Investment in Broadband Infrastructure May 12, 2017

(ME NewsWire)-- Establishing regulatory frameworks for enabling investment in broadband infrastructure across Africa was the key discussion as the fifth annual Dynamic Spectrum Alliance (DSA) Global Summit 2017 concluded yesterday in Cape Town, South Africa. The three-day event brought together representatives from five continents and 21 countries around the world, including policy makers, regulators, academia, and public and private sector representatives with first-hand experience developing and implementing a range of spectrum sharing regimes. “Research from A4AI notes only half of the world (53%) will be connected by 2020, which leaves almost half of the world unconnected, and the United Nations Broadband Commission says being connected is now a basic human right,” commented Professor H Sama Nwana, Emeritus Executive Director, Dynamic Spectrum Alliance, who moderated the panel......

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Oil rises after sharp fall in US inventories May 11, 2017

Oil prices rose yesterday after a larger-than-expected fall in US crude inventories but failed to recoup last week’s losses due to concerns about rising output from the United States, Libya and Nigeria.
The industry group the American Petroleum Institute reported a fall in US crude inventories by 5.8 million barrels last week, which was more than the 1.8 million-barrel slide analysts predicted.
Investors are now waiting to see if those numbers are confirmed on Wednesday by official figures on weekly US crude"...

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Zarqa refinery expansion agreement signed by Honeywell UOP, JPRCMay 11, 2017

Honeywell UOP on Tuesday announced the signing of an agreement with the Jordan Petroleum Refinery Company (JPRC) to facilitate a $1.6 billion expansion of its refinery in Zarqa.

The expansion will increase the capacity of the facility to 120,000 barrels per day and allow JPRC to upgrade the quality of its product to meet Euro V emissions specifications, according to a statement from Honeywell UOP.

The"...

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Jordan, Honeywell UOP Sign $1.6-Billion Deal to Expand Zarqa RefineryMay 10, 2017

Honeywell UOP said it has signed an agreement with the Jordan Petroleum Refinery Company (JPRC) to facilitate a $1.6 billion expansion of its refinery in Zarqa region of the kingdom.

The move is aimed at increasing the capacity of the facility to 120,000 barrels per day (bpd) and allow JPRC to upgrade the quality of its product to meet Euro V emissions specifications, said the company in a statement.

The JPRC is the sole oil refining"...

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Tamar exports first gas to JordanMay 3, 2017

Noble Energy and its partners have started the first exports of Israeli gas from the offshore Tamar field to industrial customers in Jordan. During 1Q, drilling of the Tamar 8 development well was completed, with production flowing in early April. At the Leviathan project, development activities and project spend have started, with drilling in progress on two of the four first-phase production wells. These will have combined flow capability of 1.2 bcf/d. Offshore Equatorial Guinea, the company has executed a unitization agreement with the partners of block D for the Alba production-sharing contract. Noble’s interest in the Alba field is now slightly lower, at 33%. offshore ...

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