UAE Oil Minister Mohamed Bin Dhaen Al Hamli stated that the oil pipeline that will allow the country to export oil via Fujairah should be operational within six months.
Exploration & Production
NPCC bags EPC contract in India
Indias Oil and Natural Gas Corp (ONGC) has awarded National Petroleum Construction Company (NPCC) a US$150.6mn contract for the engineering, procurement and construction (EPC) of Platforms 14 and 16 in the Mumbai High Field.
Iran awards drilling contract to Global Petrotech
Irans Oil Ministry awarded Global Petrotech Company a contract to drill two appraisal wells in the South Pars oil layer.
Bapco surpasses its 2011 crude target
Bahrain Petroleum Company (Bapco) has exceeded its planned crude throughput target for 2011, set at the beginning of the year.
Iraq boosts oil exports
Iraqs oil exports rose by 10,000 bpd in December 2011 to 2.145mn bpd, up from 2.135mn bpd in November, according to new data from the State Oil Marketing Organization (SOMO).