The Middle East can expect an investment of around US$530 billion in the energy industries between 2012 and 2015, of which 60 per cent will be concentrated on the GCC countries, according to Bahrains energy minister
Industry
Northern Iraq warned against unilateral oil export deals
Iraq has warned the semi-autonomous region of Kurdistan that its oil export deals with Turkey must have Baghdads approval
RAK Petroleum posts Q1 profit for fourth consecutive year
UAE-based energy investment company RAK Petroleum has posted a net profit of AED 81.3 million (US$22.1 million) for the first quarter of 2012
Aker Solutions to expand footprint in MENA region
Norway-based Aker Solutions has announced that it will acquire NPS Energy from Dubais National Petroleum Services
FTS International forms joint venture to expand operations
US-based FTS International (FTSI) has signed an agreement with Summit Technologies Company (Summit), through its affiliate Selected Arabia, for its first international joint venture
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