A consortium owned by Fajr Capital, APICORP and Zamil Group are in talks to buy UAE-based oil services firm NPS Energy for around US$700mn
Industry
Kurdistan Region of Iraq to begin pipeline oil exports to Turkey by end of 2013
Kurdistan Regional Government (KRG) has announced that it will begin oil exports to Turkey via pipeline before the end of 2013
Iraq’s SOMO signs deal with Vitol and Glencore to purchase gasoil
Iraqs State Oil Marketing Organisation (SOMO) has signed an agreement with oil traders Vitol and Glencore to buy more than 1.5mn tonnes of gasoil through 2014
Oman Oil and Port of Duqm sign oil terminal deal
Oman Oil has signed a US$50mn land lease agreement with Port of Duqm Company to develop an oil bunkering terminal and ancillary facilities at the port
Schlumberger selects Ergil to supply equipment for Middle East projects
Engineering, construction and manufacturing specialist Ergil has been selected by Schlumberger Middle East to provide its ongoing projects across the Middle East with fuel storage tanks, storage tank equipment and a truck loading system
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