ABB has been awarded a US$175mn engineering, procurement and construction (EPC) contract to upgrade the power generation capacity at Zirku oil and gas processing facilities in the UAE
Industry
GIS to purchase Japanese company’s shares in GDI
Gulf International Services (GIS) has entered into an agreement to purchase 30 per cent stake of Japan Drilling Company (JDC) in GDI
Kurdistan Region of Iraq to export oil via Iraqi pipeline
Kurdistan Region of Iraq will export 100,000 bpd through the Iraqi pipeline network from 1 April 2014, sources at the regional Prime Minister’s office said
New company to develop Saudi Arabia’s downstream projects
Saudi Arabia’s cabinet has approved the creation of a new company to invest in manufacturing and developing downstream industries, according to sources in the Council of Ministers
Three consortia win bids to face-lift Kuwait’s oil refineries
Kuwait National Petroleum Company (KNPC) has announced that three international consortia have recently won a combined US$12bn contract to revamp two existing oil refineries in the country
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