Engineering and construction firm Fluor has signed an agreement with UK-based private equity firm Arle Capital Partners to completely acquire Stork Holding B.V. (Stork), based in the Netherlands, for US$755mn
Fluor acquires Stork
Industry
Iran renews oil contracts with China, to up exports
Iran is taking steps to ramp up oil exports ahead of an end to US-led sanctions, extending crude contracts with its two Chinese buyers into 2016 and starting talks with other potential buyers there, sources involved in the talks said
New acting oil minister for Kuwait
Kuwait has appointed a new acting oil minister with Anas al-Saleh taking on the position in addition to his roles as finance minister and deputy prime minister
Iraq, Saudi Arabia lead rise in OPEC November oil output
OPEC’s oil output has seen a marginal increase in November, compared to October 2015, according to a Reuters survey
Saudi Aramco launches Detroit centre for global fuels programme
Saudi Arabian energy and chemicals company Saudi Aramco has launched its research and development centre in Michigan, Detroit
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