Iraq’s 4th energy auction postponed to April

Iraq_energy_auctionThe 4th oil and gas auction in Iraq, initially scheduled to take place on March 7-8, has been pushed back to April 11-12, 2012.

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Qatar publishes its first Sustainable Development Report

Qatar_reportDr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry, launched Qatar's first Sustainable Development Industry (SDI) Report that covers the various sustainability initiatives and projects undertaken by energy & industry stakeholders operating in the country.

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Fujairah buys part of Gulf Petrochem oil storage facility

Fujairah_GulfGulf Petrochem Group has signed an investment agreement with the Government of Fujairah's subsidiary Fujairah Petroleum Company (FPC) which sees FPC buy a 12 per cent stake in its upcoming storage terminal project in Fujairah.

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Lukoil awards Piling Tech US$10mn Iraqi oil contract

Lukoil_Piling_TechLukoil has awarded Piling Tech, a unit of UAE-based Tech Group, its first oil contract in Iraq valued at US$10mn.

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Libya to supply crude to four European traders in 2012

Libya_oilLibya will supply four major European trading houses with crude oil in 2012 according to a National Oil Corporation (NOC) official.

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