Qatar has built up a two per cent stake in Frances oil giant Total since last summer, reported newspaper Les Echos.

In its latest monthly oil market report, the International Energy Agency (IEA) stated that oil markets are in for a "bumpy ride in the months ahead".

Emirates National Oil Company (ENOC) opened its advanced lubricants and grease manufacturing plant in the Fujairah Port.

Expro has won three further contracts in central and southern Iraq that helps cement the companys position in providing well flow management in Iraq.

Japans JX Nippon Oil & Energy Corporation (NOE) opened its new corporate office in the UAE which will help expand its operations in the Middle East and Africa.