Tag: developing
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Iraq aims to achieve revenues of $300 billion from developing border oil fields
Iraq aims to achieve revenues of about 300 billion dollars as a result of the development of border oil fields, whose contracts were signed today, Tuesday, with a number of oil companies. The signing of contracts for 6 projects in the governorates of Basra and Diyala comes as part of Iraq’s plans to increase production…
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Oil revenues and aid from Saudi Arabia and the Gulf states support developing countries (article)
From the rise of oil revenues in the 1970s until now, the Gulf states have provided massive financial aid to countries in economic distress in the Middle East and North Africa region and beyond. The Arab Gulf countries have emerged in the past five decades as one of the largest donors in the world, and…
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Developing the largest oil field in Kazakhstan under US auspices
Plans to expand the largest oil field in Kazakhstan have begun their first steps by introducing new facilities into early operation under the auspices of the American Chevron Corporation, with the expectation that the return of these developments will emerge by the year (2025), and the fruits of full production growth will begin in (2026).…
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The UAE’s ADNOC begins developing the world’s first well for carbon injection and sequestration in groundwater
The Emirati company, ADNOC, has begun implementing the first project of its kind in the world to inject and capture carbon dioxide (carbon dioxide) in groundwater brine. The project is part of Abu Dhabi National Oil Company’s $15 billion plan to reduce emissions from its operations, and supports its goal of reducing emissions intensity by…
