Petrofac has been awarded a US$21mn front end engineering design (FEED) contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for the Bab Integrated Facilities Project
Exploration & Production
Iraq to ‘raise crude oil exports to 3.4mn bpd this year’
Iraq plans to boost its oil exports by nearly 26 per cent to 3.4mn bpd in 2014, according to a federal government official
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
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