Official estimates showed energy capital investments in the Middle East and North Africa (Mena) could total around US$525 billion during 2012-2016 according to a report by Arab Petroleum Investment Corporation (Apicorp).

Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member, UAE, will supply Murban crude at five per cent below contracted volumes.

Iraqi Prime Minister Nuri al-Maliki and Eni CEO, Paolo Scaroni, accompanied by Eni E&P COO, Claudio Descalzi, met in Baghdad to discuss the development of Eni's work on Iraq's giant oil field Zubair, and potential for futher cooperation.

SBC, the management consultancy arm of Schlumberger, is pleased to announce the expansion of its senior leadership team with the appointment of six vice presidents.

OPEC countries plan to add a total of 21mn bpd of new oil capacity over the next five years, according to the organization's secretary-general Abdalla el-Badri.