Egypt has received fuel worth US$2.48bn from Saudi Arabia, the UAE and Kuwait since July this year till the end of November, according to an unnamed Egyptian government official

ExxonMobil will sell over half of its 60 per cent stake in Iraq’s West Qurna-1 oilfield project to PetroChina and Pertamina, company sources announced

Iraq has exported an average of 2.38mn bpd in November this year, up by 5.7 per cent a month earlier, Oil Ministry sources announced

A 50-50 joint venture of Petrofac and Daelim has won a three-year engineering, procurement and construction (EPC) contract of Oman’s Sohar Refinery expansion project

A consortium owned by Fajr Capital, APICORP and Zamil Group are in talks to buy UAE-based oil services firm NPS Energy for around US$700mn