Saudi Arabia’s cabinet has approved the creation of a new company to invest in manufacturing and developing downstream industries, according to sources in the Council of Ministers

Kuwait National Petroleum Company (KNPC) has announced that three international consortia have recently won a combined US$12bn contract to revamp two existing oil refineries in the country

Qatar Petroleum International (QPI) has acquired a 25 per cent stake in Greek company GEK TERNA’s HERON II power plant

DNO International has announced that it will build a second pipeline to export oil from its Tawke field in the Kurdistan Region of Iraq

PetroSaudi International is close to signing a joint venture agreement with Ghana to revive its only refinery — Tema Oil Refinery (TOR)