Industry

Egypt receives US$2.48 billion fuel aid in four months

barrels-A is for Angie flickrEgypt has received fuel worth US$2.48bn from Saudi Arabia, the UAE and Kuwait since July this year till the end of November, according to an unnamed Egyptian government official

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ExxonMobil to sell its stake in Iraqi oilfield

exxonExxonMobil will sell over half of its 60 per cent stake in Iraq’s West Qurna-1 oilfield project to PetroChina and Pertamina, company sources announced

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Iraq exports up 5.7 per cent in November 2013

barrel iraq-Trevor MacInnis wikimedia commonsIraq has exported an average of 2.38mn bpd in November this year, up by 5.7 per cent a month earlier, Oil Ministry sources announced

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Petrofac and Daelim joint venture win Sohar Refinery deal

Refinery oman-RandyA38 flickrA 50-50 joint venture of Petrofac and Daelim has won a three-year engineering, procurement and construction (EPC) contract of Oman’s Sohar Refinery expansion project

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Consortium set to buy UAE oil services company

NPS1A consortium owned by Fajr Capital, APICORP and Zamil Group are in talks to buy UAE-based oil services firm NPS Energy for around US$700mn

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