Iraq allocates $7.8 billion for oil development
The Iraqi cabinet has allocated $7.8 billion for oil-producing provinces as part of a development project, Minister of Planning Ali...
Oil & Gas
Aramco to invest $100 billion in downstream projects
Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises...
Iraq is keen to invest in associated gas sector
Aseem Jihad, official spokesperson of the Iraqi oil ministry, announced that the licensing contracts with international oil companies bound them...
Iraq oil exports rise by 8% in May
Oil exports from Iraq rose by 8 percent in May and a new floating terminal was inaugurated that will expand...
Iraq awards contracts worth around $1 billion to Britain’s Petrofac and China’s CPECC
Iraq has awarded two contracts totaling nearly a billion dollars to Britain’s Petrofac and China’s CPECC, Reuters reports. The deals,...
Kuwait budget surplus may reach $46 billion
Oil prices have eased back through October and early November, with some benchmarks reaching 5-month lows. The price of Kuwait...
Oil exploration companies still keen to operate in Lebanon
Most foreign oil firms are still keen to operate in Lebanon despite the delay in launching the offshore gas auction,...
Daelim wins $1 billion Oman refinery deal
South Korea's Daelim Industrial said that it had secured a 1.1 trillion Korean won ($1.04 billion) order for a refinery...
South Korea's STX secures $449 million Iraq gas pipeline contract
South Korea's STX Group has won a contract valued at $449 million to build an export pipeline for the Akkas...
Oman enhances oil production
As Oman looks to tap further into its maturing fields, enhanced oil recovery (EOR) techniques the country has been instrumental...
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