Plans to boost the refining capacity of Bahrain by almost 50 per cent are projected to cost up to US$6 billion, the countrys top oil official was quoted as saying this week.

Pars Oil and Gas Company has announced that the drilling operation for the 14th phase of the South Pars gas field was launched recently.

Oman oil production increased by around 2.7 per cent year on year in the first quarter of 2011 as the non-OPEC country pushed ahead with a programme to expand the countrys hydrocarbon sector.

Dana Gas PJSC announced that earning for the first quarter of this year jumped 180 per cent over its 2010 results to hit US$25mn.