Industry

ENOC inaugurates US$180mn oil storage facility in Morocco

ENOC---TANGIER-TERMINALHorizon Terminals Limited (HTL), a wholly owned subsidiary of Emirates National Oil Company (ENOC), has inaugurated a new facility in Tangier, Morocco, with a total investment value of US$180mn.

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Flowserve Abahsain inaugurates valve manufacturing facility

Flowserve_Abahsain_1Flowserve Abahsain Flow Control Company Ltd., a joint venture between Flowserve Corp. and S&A Abahsain Co. Ltd. recently inaugurated a new valve manufacturing plant and training center in the Dammam Second Industrial City.

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ION discusses regional strategies - An exclusive

ION_Executive_1ION is aiming to increase its presence in the region with the recent opening of its new international headquarters in Jebel Ali, Dubai.

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Fall in 2012 oil demand due to weaker economy: IEA

IEA_2012The International Energy Agency (IEA), in its latest monthly, report cut its estimates for world oil demand growth this year.

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Iraq inaugurates offshore oil export terminal

Iraq__terminalIraq inaugurated a new offshore oil export terminal in the Gulf in a move to ease infrastructure constraints and to bring sorely needed cash for reconstruction after decades of war and international sanctions.

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