Iraq’s fifth licensing round for oil exploration is expected to be held within the next few months and contracts set to be amended to attract more oil firms, according the countrys oil ministry
Iraq's fifth oil licensing round in few months
Industry
Ezion wins service rig contract
Ezion Holdings Limited has announced that it has secured a charter contract worth US$48.2mn over a three-year period to provide a service rig in the Gulf
GCC's oil and gas annual earnings hit US$737.5 billion
The total oil and gas export earnings of the six-member GCC countries collectively increased to US$737.5bn in 2012 from US$695.9bn the previous year, according to the Institute for International Finance (IIF)
Sinopec to build storage facility in Fujairah
China Petroleum and Chemical Corporation (Sinopec) has announced that it would borrow more than US$500mn to build an oil storage facility at Fujairah Port, outside the Strait of Hormuz
Flotek and Gulf Energy plan Omani oil facilities
Flotek Industries Inc and Gulf Energy LLC plan to build facilities in Oman to address the growing need for advanced oilfield chemistry and analysis in the MENA region
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