Academic journal article The Middle East Journal

Chronology: Petroleum Affairs

Academic journal article The Middle East Journal

Chronology: Petroleum Affairs

Article excerpt


Jan. 16: New oil fields were discovered in two residential areas in downtown Baghdad. [AN, 1/171

It was reported in mid- January that President Husni Mubarak of Egypt gave the goahead for launching the Sharq al Zeit oil field, in the Gulf of Suez. The new discovery was the most important one in Egypt's field of crude oil in 11 years. [AN, 1/ 16]

Jan. 31: Qatar signed a deal with Kuwait to export around I billion cubic feet per day of its natural gas through a submarine pipeline to Kuwait. This deal, worth an estimated $2 billion, was to feed Kuwait's prospective generation stations. [AN, 1113]

Feb. 1: In early February Iraq's Minister of Commerce, Muhammad Mahdi Salih, accused the UN of acquiring the greater part of the revenues of the oil-for-food program. He claimed that the UN sanctions committee obstructed several $6 billion worth of contracts. [AN, 2/1]

Mar. 3: Saudi Aramco signed a contract estimating $1,200 million for the Qatif incremental oil and associated gas project. Expanding the pipeline network, this project was expected to add 800,000 barrels a day. [MEED, 3/81

Mar. 3: It was reported in MEED that Petrofac International won the contract to develop southwestern Iran. In partnership with a local firm, Petrofac would carry basic engineering and front-end engineering and design (FEED) for nine onshore oil fields. …

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