The Dow Chemical Company has announced that it has become the first company to receive a trading license from the Government of Saudi Arabia, allowing 100 per cent ownership in the country’s trading sector

Kurdistan Region of Iraq is ready to sign an agreement with the federal government in Baghdad on a deal to increase oil exports if the latter guarantees it a monthly revenue of US$1bn, a spokesman for Kurdistan Regional Government (KRG) said

Amidst lower oil prices, global oilfield services and equipment (OFSE) industry has taken a strong hit and are realigning their strategies to suit the current scenario

Petroleum Development Oman (PDO) has confirmed that it is in talks to borrow US$3.4bn loan from an international finance house

The OPEC meeting in Vienna concluded yesterday without a clear agreement on the oil-output strategy due to differences in approach