Saudi Arabia has adequate oil reserves to meet its energy requirements for 80 years, the International Association of Energy Economies (IAEE) has announced

Bahrain-based investment manager Investcorp has bought a controlling stake in Scottish oil field services provider Hydrasun, taking its US$1bn Gulf Opportunity Fund closer to full deployment

Oman Oil Refineries and Petroleum Industries Company (Orpic) has announced plans for a new 280 km pipeline near the Muscat highway connecting Sohar and Muscat refineries

The Crescent Group and its subsidiary, Crescent Enterprises, have announced co-operation agreements with Russia on two major investments in the UAE

Dana Gas has announced it is considering increasing its petroleum and natural gas investments in Egypt, now estimated to be worth US$1.8bn