Aramco Overseas Company plans to acquire S-Oil stake for US$1.95 billion
Aramco Overseas Company B.V (AOC) has agreed in principle to buy the Hanjin Group’s entire stake in the Korean petroleum and refinery company S-Oil for approximately US$1.95bn
Industry
Dubai-based electrochemical firm acquired by Hitachi Zosen Corporation
The electrochemical company Dubai-based Cumberland was acquired by the Japanese industrial and engineering firm Hitachi Zosen Corporation (Hitz), it was announced today
Cylingas to develop refinery in Fujairah
Gas cylinder manufacturer Cylingas has signed a contract with Pyramid Engineering to develop a modular refinery in Fujairah
Petrosys plans to grow Middle East business with new office
Software solutions provider Petrosys is looking to expand its business in the Middle East and has plans to open an office in the region this year
Iraqi oil exports still secure, says minister
Iraq’s southern oil export facilities and its only export outlet are secure with shipments currently running at around 2.6mn bpd, oil minister Abdul Kareem Luaibi has
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