The Crescent Group and its subsidiary, Crescent Enterprises, have announced co-operation agreements with Russia on two major investments in the UAE
Crescent announces two projects with Russia
Industry
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
Jacobs awarded Luberef Yanbu refinery expansion contract
Jacobs Engineering has been awarded a contract to provide project management consulting (PMC) services to Saudi Aramco Lubricating Oil Refining (Luberef) regarding the expansion of its Yanbu refinery
Gulf Capital buys stake in OCB Oilfield Services
Gulf Capital has announced that it is to buy a controlling stake in OCB Oilfield Services, which provides crew and logistics for oil rigs, to boost its exposure to the sector
Saudi Arabia and Japan to sign emergency oil deal
Japan will be permitted to request emergency crude oil supplies from Saudi Arabia as part of a new agreement expected to be signed by the two countries
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