GCC members of the global oil trade body Industry Technology Facilitator (ITF) have agreed to address technology challenges with the aim of working on joint industry projects (JIPs)
Industry
Gulf Petrochem Group acquires Essar Petroleum East Africa
UAE-based Gulf Petrochem Group has acquired Essar Petroleum East Africa Ltd., following which its name has been changed to ASPAM Energy (Kenya) Ltd
Oman planning trading outposts in Africa, USA
Oman, the largest non-OPEC producer of oil in the Middle East, is planning to establish footholds in Africa and the United States of America for trading fuel and crude
Security stepped up at Kuwait oil installations
State-run oil firm Kuwait Petroleum Corp (KPC) and its group of companies have stepped up security arrangements to the highest level
Unique Group to expand global subsea and offshore business
Unique Group, formerly known as Unique Maritime Group, is set to double its global subsea and offshore business through expansion into new markets and acquisitions
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