Arab Petroleum Investments Corporation (Apicorp) and Natixis have been appointed to fund a two-year US$200mn loan to Glencore Energy UK (Glencore) for the purchasing of Moroccan oil
Industry
GE's new facility to boost Iraq oil field
General Electric (GE) Oil & Gas has established a new technology and service centre in the heart of Iraqs oil-rich North Rumaila region
ENOC replaces sanctioned Iran oil with Qatari supplies
Emirates National Oil Company (ENOC) has started importing condensate from Qatar to replace sanctioned Iranian oil, according to the Dubai government-owned company
Genel completes purchase of Miran Block
Genel Energy has announced that it has completely acquired the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq
Saudi Aramco plans record rig count this year, sources claim
Saudi Aramco plans use a record number of rigs to search for unconventional gas while drilling for oil needed to maintain the worlds biggest spare capacity cushion, industry sources in Saudi Arabia have said