Iraq plans to boost its oil exports by nearly 26 per cent to 3.4mn bpd in 2014, according to a federal government official
Exploration & Production
HTL unveils US$100 million Fujairah oil terminal
Horizon Terminals Limited (HTL) unveiled a US$100mn oil terminal with a capacity of 240,000 cu/m in Fujairah today, which it believes will strengthen the Emirate’s position as a global oil and gas storage hub
South Korean firms win contract to build refinery in Iraq
A consortium consisting of four South Korean construction majors - Hyundai Construction, Hyundai Engineering, GS Construction and SK Construction - has won a US$6.04bn deal to build the Karbala Refinery Project in Iraq
NOC subsidiary discovers oil and gas in Libya’s Ghadames Basin
Arab Gulf Oil Company (AGOCO), subsidiary of National Oil Corporation (NOC), has struck oil and gas in the Ghadames Basin, 200km south of Tripoli
Saudi Arabia exports 240 million oil barrels in January 2014
Oil worth US$25bn was exported by the Saudi Arabian government in January 2014, according to economic expert Fahad bin Jumaa
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