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The Arab Petroleum Investments Corporation (APICORP) and The National Shipping Company of Saudi Arabia (Bahri) have announced the launch of a landmark shipping fund to acquire very large crude carriers (VLCCs)

Drake & Scull International International PJSC, (DSI PJSC), a regional market leader in integrated design, engineering and construction across a number of disciplines, has won a AED 226mn (US$61.5mn) engineering, procurement and construction (EPC) contract for the construction of a water injection network installation project at the Zubair oilfield in Basra, Iraq

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