Circle Oils new Sebou (DRJ)-Kenitra pipeline and associated infrastructure for its Rharb Basin permits in Morocco has been successfully completed within budget.

Oman pumped nearly 894,000 bpd of oil in December which was seven per cent higher than the November production and more than 100,000 bpd higher than the output two years ago.

Saudi Aramco signed a deal with Chinas Sinopec to build a 400,000 bpd oil refinery in Yanbu, on the kingdoms Red Sea coast.

Genel Energy will embark on a plant and pipeline upgrade of the Tawke oilfield following a significant increase in the gross reserves of the field.