Boosted by growing sales of screw pumps in the Middle East, Leistritz Pumpen GmbH, the German manufacturer of screw pumps, has opened an office in the UAE, located in the Sharjah Airport International Free Zone (SAIF-Zone)
Industry
Kuwait seals gas oil deal with Pakistan
Kuwait Petroleum Company (KPC) and Pakistan State Oil Company (PSO) have finalised a gas oil supply deal for 2015
Iraq strikes oil deal with Kurdistan Region of Iraq
Iraq has signed a deal with the Kurdistan Region of Iraq to help the region increase its oil exports
PetroMaroc looks for additional investments onshore Moroccan licence
Independent oil and gas company PetroMaroc is looking for strategic and financial alternatives with the objective of maximising shareholder value in the Kechoula structure on Sidi Moktar Exploration Licence in Morocco
OPEC says no decrease in oil production, crude prices slide further
Brent oil prices fell more than US$6 to US$71.25 a barrel after Saudi Arabia refused to decrease crude production at the 166th Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna