Aramco aims to become the world's single largest refiner
Saudi Aramco, the world's biggest crude exporter, expects to become the top producer of refined products such as fuel and...
Oil & Gas
Exxon Mobil allocates $1.65 billion to develop Iraq’s Qurna field
The US Exxon Mobil Oil Corporation allocated more than $1,650 billion to develop Qurna Oil field in Maysan province of...
Global natural gas prices to rise by 19% in 2013
The global gas market is projected to remain in surplus during the 2013-14 period as demand remains restrained and supply...
Dana Gas and Crescent invest $1 billion in Kurdistan region of Iraq
Dana Gas PJSC, the Middle East's leading private-sector natural gas company, and Crescent Petroleum, the Middle East's oldest private oil...
Lebanon reports strong interest in gas exploration bids
Ninety-seven oil companies and more than 100 other firms have requested application documents in the pre-qualifying bid round for oil...
New Saudi-Bahrain pipeline to carry 450,000 b/d
Bahrain Petroleum Company (Bapco) completed studies for a new pipeline that would link the company's refinery with the Eastern Province...
GCC oil income at all-time high in 2012
Strong oil prices allied with higher output to boost the combined 2012 income of Gulf hydrocarbon producers by nearly $42...
Saudi Arabia to drill for shale gas this year
Saudi Arabia will push ahead this year with exploratory drilling of shale and other unconventional gas reserves which could be...
$1 billion to develop Iraq’s Majnoon field
Royal Dutch Shell has allocated more than $1 billion to develop Iraq's Majnoon oilfield in 2013, the head of the...
Punj Lloyd wins a $57.75 million Saudi Al-Khafji offshore project deal
Punj Lloyd Group says it received an offshore project in Al-Khafji, Saudi Arabia, marking its entry into the Middle East...
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