Iran will build the countrys first gas-to-liquid (GTL) refinery for converting natural gas to gasoline according to deputy minister of industries and mines.

BP Oman has completed an extended well testing (EWT) programme of the gas-rich Block 61 concession in Northern Oman with the oil giant estimating that it will invest up to US$15 billion in the field.

The Pearl gas-to-liquids (GTL) plant, located in Ras Laffan Industrial City has sold its first commercial shipment of GTL Gasoil, Qatar Petroleum and Shell announced.

Saudi Aramco said it will complete its first offshore non-associated gas field project, Karan, by 2012.