Kurdistan Region of Iraq plans to increase oil exports through the regional crude oil pipeline to Turkey to 400,000 bpd by the end of the year and 500,000 bpd by the end of Q1 2015
The UAE is the most active centre in the Middle East region for the UK’s oil and gas contractors, according to a survey
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed a US$1bn loan, which will be used for company’s general corporate purposes and international expansion plans
Oilfield services companies Halliburton and Baker Hughes have announced merger for US$34.6bn
Middle East will become the major source of oil by 2020 as the USA’s tight oil output and non-OPEC supply will decline worldwide, said International Energy Agency (IEA)
