Page 16 - MEOG Week 08 2021

MEOG NEWS IN BRIEF MEOG

predictable returns. A group of six investors km concession that holds the Shams and Omani competencies in the field of hydrogen.
including GIP and Brookfield bought a $10.1 Munhamir fields. A year later, the company ZAWYA
billion stake in the natural-gas pipelines of signed an Exploration and Production Sharing
Abu Dhabi National Oil Co. last year. Agreement (EPSA) for Block 31, a 1,528 sq
BLOOMBERG km concession located immediately adjacent OIL
to Block 44.
PDO, IEA sign tie-up on the E&P sector with the signing of a contract Iran oil-export rise runs out
Earlier, ARA Petroleum began its debut in
energy transition with Petroleum Development Oman (PDO) of steam in February
to operate the Qarat Al-Milh Small Fields
Petroleum Development Oman has signed (QSF) contract area in 2016. Iranian crude oil exports have fallen in
a statement of co-operation (SoC) with Last month, ARA Petroleum announced February by about 250,000 barrels per day,
the International Energy Agency (IEA) to a partnership with Japanese multinational tanker tracker Petro-Logistics said Tuesday,
strengthen collaboration between the two Sumitomo Corporation to study the feasibility suggesting a jump in shipments has run out
parties in the areas of energy transitions and of developing a hybrid project to provide of steam.
policy dialogues. “an integrated clean energy infrastructure The OPEC member’s oil exports climbed
The agreement covers oil and gas, water solution” for the former’s operations in the in January after a boost in the fourth quarter,
management and technologies, renewable Sultanate. despite U.S. sanctions, in a sign that the end of
energies, energy efficiencies, hydrogen, Billed as a one-of-a-kind project, it has Donald Trump’s term as U.S. President may be
emissions intensity, data and statistics, and three key objectives: harnessing solar energy changing buyer behaviour.
training. to generate electricity, producing ‘blue But Geneva-based Petro-Logistics, which
According to the PDO statement, the hydrogen’ from flare gas and capturing carbon assesses the exports by tracking tanker
agreement will usher in intensified joint dioxide (CO2) from the second process to shipments, told Reuters that shipments
efforts across the energy sector to help Oman be sold as feedstock to Omani industries. A had fallen to levels seen in November and
meet its clean and sustainable ambitions. 20 megawatt (MW) solar power scheme is December, “before the surge in January.”
TRADEARABIA envisioned for development as part of the Petro-Logistics on Jan. 26 said Iranian
hybrid project. exports were set to exceed 600,000 bpd in
ARA makes shift to the hybrid project will help the company January for the first time since April 2019,
In a statement, ARA Petroleum said
after rising by 100,000 bpd in the fourth
hydrogen achieve its goal of becoming a CO2 neutral quarter.
The company did not give an updated
hydrocarbon producer.
ARA Petroleum, a wholly Omani owned “This project is a key transitional element figure for January shipments on Tuesday.
upstream energy firm, says its partnership in pursuing its strategy towards reducing REUTERS
with a Japanese conglomerate in the flaring and capturing CO2. The joint project
development of a unique hybrid project will between the two companies will provide Former Saudi oil minister
contribute to the production of, among other a unique clean solution to hydrocarbon
commodities, ‘blue hydrogen’ to power a fleet production and is the first of its kind in the Yamani dies at 90
of fuel cell electric vehicles in its concession Sultanate of Oman. It will be a showcase for
areas. utilisation of new green technologies.” Sheikh Ahmed Zaki Yamani, the former Saudi
Muscat-based ARA Petroleum, 100 per Sultan al Ghaithi, ARA Petroleum CEO, Arabian energy minister who helped direct
cent owned by Zubair Corporation LLC, remarked: “One of the most robust design the 1973 oil embargo and was later kidnapped
has sizable investments in the upstream elements of this hybrid project is the ease to by Carlos the Jackal, has died. He was 90.
Exploration & Production (E&P) segment of replicate the concept in other ARA Petroleum He passed away in London and will be
Oman’s hydrocarbon industry. fields and any E&P operation in Oman where buried in Islam’s holiest city of Mecca, state-
The company has a 100 per cent interest associated gas is currently being flared.” run Ekhbariya TV reported.
in Block 44 in northwest Oman, a 1,162 sq He added that the project will help develop Yamani, with counterparts in other Arab

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