Saudi Arabia has adequate oil reserves to meet its energy requirements for 80 years, the International Association of Energy Economies (IAEE) has announced
Saudi Arabia oil 'can fulfill energy needs for 80 years'
Industry
Investcorp buys Scottish oil field services firm Hydrasun
Bahrain-based investment manager Investcorp has bought a controlling stake in Scottish oil field services provider Hydrasun, taking its US$1bn Gulf Opportunity Fund closer to full deployment
Orpic to build 280km pipeline from Muscat to Sohar
Oman Oil Refineries and Petroleum Industries Company (Orpic) has announced plans for a new 280 km pipeline near the Muscat highway connecting Sohar and Muscat refineries
Crescent announces two projects with Russia
The Crescent Group and its subsidiary, Crescent Enterprises, have announced co-operation agreements with Russia on two major investments in the UAE
Dana Gas to increase investments in Egypt
Dana Gas has announced it is considering increasing its petroleum and natural gas investments in Egypt, now estimated to be worth US$1.8bn
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