Circle Oil's new Sebou (DRJ)-Kenitra pipeline and associated infrastructure for its Rharb Basin permits in Morocco has been successfully completed within budget.

Oman pumped nearly 894,000 bpd of oil in December which was seven per cent higher than the November production and more than 100,000 bpd higher than the output two years ago.

Saudi Aramco signed a deal with China's Sinopec to build a 400,000 bpd oil refinery in Yanbu, on the kingdom's Red Sea coast.

Genel Energy will embark on a plant and pipeline upgrade of the Tawke oilfield following a significant increase in the gross reserves of the field.

UAE Oil Minister Mohamed Bin Dhaen Al Hamli stated that the oil pipeline that will allow the country to export oil via Fujairah should be operational within six months.