UAE-based MIS Group (Maritime Industrial Services) signed two contracts in its Kuwait business with Weatherford Drilling International Ltd., through Weatherfords Kuwait branch, United Precision Drilling Company.

Iraq exported 2.225mn bpd of crude oil in May, up 84,000 bpd from April and the highest level since the 2003 war.

Vallourec agreed a deal to acquire Saudi Seamless Pipes Factory Company Limited (Zamil Pipes), the first processing company of seamless OCTG(1) in Saudi Arabia.

Mott MacDonald signed a lease agreement to move its South Iraq operations to Iraq Energy City a brand-new development built by Petronor in Basra.

Iraq has warned Royal Dutch Shell it needs to finalize a US$12 billion gas deal by next week or negotiations over the agreement would be cancelled, the countrys deputy oil minister said.