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 Gulf Oil and Gas Newsletter July 2008 Vol 6 Issue 27
 
 7/7/2008 9:24:42 AM
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Gulf Oil and Gas Newsletter July 2008 Vol 6 Issue 27
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Newsletter Volume 06 Issue 27

 Asia & Middle East Highlights
SABIC and SINOPEC sign strategic cooperation agreement
Saudi Basic Industries Corporation (SABIC) and China Petrochemical Corporation (SINOPEC) signed a strategic cooperation agreement to expand the scope of partnership at Tianjin industrial complex, China, currently under construction.  More...
 

CNOOC Announces the Startup of Xijiang 23-1
CNOOC Limited announced that its new oil field Xijiang (XJ) 23-1 in the South China Sea has successfully started production. XJ23-1 is located in Block XJ04 in the Pearl River Mouth Basin, about 19 kilometers east of XJ24-3 oil field. Its development facilities contain one platform, one FPSO and 15 producing wells.  More...
 

JGC Wins Major EPC Contract for Manifa Central Processing Facilities, Package 2 in Saudi Arabia
JGC Corporation and its subsidiary JGC Arabia awarded by Saudi Aramco the engineering, procurement, construction (EPC) services contract for a large-size Utilities, Storage and Shipping Facilities for the Central Processing Facilities in Manifa, Saudi Arabia.  More...
 

Saudi Aramco and Sinopec Signed MOU
Saudi Aramco and China Petrochemical Corporation met in Dhahran to sign a Memorandum of Understanding (MOU) in a mutual effort to deepen the existing cooperation between the two companies and strengthen their relations and business development opportunities.  More...
 
 Africa Highlights @ GulfOilandGas
CEPSA Announces Renewal of Contract to Continue Operating the RKF Field in Algeria
CEPSA signed an agreement with the Algerian national oil company Sonatrach to extend the association contract for the RKF field operation for an additional five-year period.  More...
 

Mart Resources Announces First Export & Sale of Crude Oil from Umusadege Field
Mart Resources and its partners Midwestern Oil and Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited announced their first crude oil export from the Umusadege field, located onshore Nigeria.  More...
 
 Events @ GulfOilandGas
SIPPE 2008
“Shanghai 3rd International Petroleum Petrochemical Natural Gas Technology Equipment Exhibition” (SIPPE 2008) will be held on August 20-22,2008 in Shanghai International Exhibition Centre. The event will attract more than 20 domestic and foreign countries and regions more than 300 exhibitors, but also more than 11,500 professional visitors.  
 

2nd Generation Energy Crops/Jatropha World Summit 2008
Roadmap Towards Sustainable Biofuel: This timely international conference will focus on production, cultivation and commercialization of the Jatropha Curcas plant and explore genetic truths regarding its growth and development as a viable alternative feedstock.  
 


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  Oil Market @ GulfOilandGas
Crude Oil Price Movements - June 08
OPEC Reference Basket: The first few days in the month emerged in a volatile note as supply from West Africa was restored while the US dollar recovery prompted slower investment in the petroleum futures market. Nonetheless, the fluctuation of the US dollar and another supply disruption from West Africa and geopolitical developments in the Middle East revived market volatility and the fear premium inflated further.  More...
World Oil Supply
World Oil Demand
Balance of Supply/Demand





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