Italian export credit agency SACE has guaranteed US$100mn allocated by HSBC Bank for financing the modernisation of Sohar Refinery, which is owned and operated by Oman Oil Refineries and Petroleum Industries (ORPIC)
Mubadala Petroleum will sell its entire stake in a Thai oil block to an upstream oil and gas firm KrisEnergy for US$102.5mn
Frontier Resources has completed seismic data interpretation for onshore Block 38 in Oman and has identified a number of potential exploration targets
Saudi Aramco has announced that it is building three new refineries with a capacity of 400,000 bpd each in Saudi Arabia
The Demir Dagh-3 well (DD-3) and Demir Dagh-5 well (DD-5) located at Hawler License area in Kurdistan Region of Iraq have proven hydrocarbon presence, according to Oryx Petroleum
