Industry

Dow awarded US$2.16 billion in compensation from Kuwait

Dow_comUS-based Dow Chemical Company has been awarded US$2.16 billion in compensation from Kuwait by an international arbitration for the cancelling of a planned joint venture in 2008

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Region can look forward to US$530 billion investment in energy

Bahrain_energyThe Middle East can expect an investment of around US$530 billion in the energy industries between 2012 and 2015, of which 60 per cent will be concentrated on the GCC countries, according to Bahrain's energy minister

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Northern Iraq warned against unilateral oil export deals

Iraq_KurdistanIraq has warned the semi-autonomous region of Kurdistan that its oil export deals with Turkey must have Baghdad's approval

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RAK Petroleum posts Q1 profit for fourth consecutive year

Oman_production_facilityUAE-based energy investment company RAK Petroleum has posted a net profit of AED 81.3 million (US$22.1 million) for the first quarter of 2012

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Aker Solutions to expand footprint in MENA region

Aker_Solutions_comNorway-based Aker Solutions has announced that it will acquire NPS Energy from Dubai's National Petroleum Services

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