Thamer Ghadhban, a top Iraqi energy advisor, has said that three oilfields in Southern Iraq - Qurna Phase 1 , Rumaila, Zubair - will see an investment of around US$100 billion from various international oil companies for upgradation.
The sale of the first commercial shipment of base oil from the Pearl gas-to-liquids (GTL) plant was completed, according to Qatar Petroleum (QP) and Shell.
Adma-Opco awarded Fluor Corporation a front-end engineering and design (Feed) contract to develop new offshore facilities in Abu Dhabi.
TAQA has made a strategic investment by purchasing 74mn common shares of WesternZagros worth US$ 45.7mn through private placement which gives TAQA 19.9per cent stake in the company.
The International Energy Agency (IEA) and OPEC have cut growth estimates for oil demand in 2011 and 2012 as global economic conditions worsen.
