By John Lee. According to a report from Reuters, the new Basra Heavy crude oil grade has been trading at a widening discount. Malaysia’s Petronas reportedly sold 2 million barrels for June loading to Indian refiner Essar Oil at a discount of more than $1 a barrel to its official selling price. bigger than expected […]
Tag Archives | Essar
More Firms Pre-Approved for Nassiriya Bid
By John Lee. Iraq has selected five additional international oil companies to bid for the development of its $4.4-billion Nassiriya oil field and the construction of a new 300,000 bpd refinery, reports Reuters. The companies added to the list are: France’s Maurel et Prom; Russia’s Rosneft; Essar UAE India; South Korea’s GS Engineering & Construction […]
Tags: Essar, France, GS E&C, korea, Maurel et Prom, Nassiriya Integrated Project, ONGC, Rosneft, Russia, UAE
Iraq to Auction Giant Nassiriya Oil Field
By John Lee. Rigzone reports that the Iraqi oil ministry is planning to auction the giant ‘Nasiriya Integrated Project’ — which involves the development of a $4.4-billion oil field and the building of a 300,000 bpd refinery in southern Iraq — on 19th December. At a workshop in Amman, Jordan, for international companies interested in the […]