Oman Oil Company signs MoU with Sri Lanka's CPC

OOC_CPC_1Oman Oil Company (OOC) has signed an MoU with Sri Lanka's Ceylon Petroleum Corporation (CPC) to promote investment opportunities in oil and gas exploration and refining between both countries.

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Gulf Petrochem storage terminal expansion on schedule

Sanjeev-SisaudiaThe first phase of Gulf Petrochem Group’s oil storage terminal project in Fujairah is on track for completion in September 2012, according to the company's CEO.

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Saudi Aramco and Sinopec sign co-operation deal

Khalid_Al-FalihSaud Aramco and China Petroleum and Chemical Corp (Sinopec) have signed a preliminary agreement to cooperate in a wide range of areas, including oil exploration and development, refining and petrochemicals.

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Saudi looks to ease global oil price fears

Saudi_oil_1Saudi Arabia is expanding its crude oil production and increasing its exports to the US in an attempt to ease fears that the global oil market is overheating.

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Qatar accumulates two per cent stake in Total

Total_QatarQatar has built up a two per cent stake in France's oil giant Total since last summer, reported newspaper Les Echos.

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