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[March 16, 2006]

AME Info, Abu Dhabi, United Arab Emirates, oil and gas briefs column

(AME Info (Abu Dhabi, United Arab Emirates) (KRT) Via Thomson Dialog NewsEdge) Mar. 16--KEC TO RUN OMAN FIELD: Kuwait Energy Company says it has agreed to jointly manage Oman's Karim oilfield with Indonesian firm Medco Energi Internasional. A new company, Medco, will be created to manage the cluster of fields that produce about 9,000 bpd of oil.


NIPPON CUTS IRAN IMPORTS: Nippon Oil, Japan's largest refiner, will cut its imports of Iranian crude by an average of 22,000 bpd to 120,000 bpd, according to Chairman Fumiaiki Watari quoted by Reuters. The cut represents only a 4 percent reduction in Japan's imports of Iranian crude. Dealers remain nervous about the prospect of Iran cutting off supplies over its dispute with the West about its nuclear programme.

NPCC WINS $190M INDIAN DEAL: Abu Dhabi-based National Petroleum Construction Company has won a $190m contract from India's Oil and Natural Gas Corporation to supply and install four well platforms off India's west coast, GM Aqeel Al Madhi told Gulf News. He says NPCC is also confident of winning another contract with ONGC, worth $100m.

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