DME launches eight new oil contracts
Dubai Mercantile Exchange (DME), one of the leading international energy futures and commodities exchanges, has launched eight new oil listings, following completion of the regulatory review
Industry
UAE’s Mubadala Petroleum invests to develop Siberian oil fields
Abu Dhabi-based Mubadala Petroleum, Gazprom Neft and the Russian Direct Investment Fund (RDIF) have completed a transaction to establish a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia
‘Middle East to add 5,655 km of planned crude oil pipelines by 2022’
The Middle East is forecast to add the third highest trunk pipeline length to the global crude oil pipelines industry between 2018 and 2022, contributing a total length of 5,655 km, according to leading data and analytics company GlobalData
Emerson opens Flow Calibration Service Centre in Dubai
Emerson has opened its Middle East and Africa Flow Service Centre at its Dubai campus
Saudi Arabia reaffirms commitment to Saudi Aramco IPO
Saudi Arabia has reaffirmed its commitment to the Saudi Aramco IPO (initial public offering), following reports that it has cancelled its plans to sell five per cent of the company
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