Libyas National Oil Company (NOC) issued a decree on 4 October 2012 that gave its branch in eastern Libya the autonomy to independently run operations in the east of the country
Libya: Likely impact on NOC as a result of east-west divisions
Industry
Samsung awarded US$871 million Yanbu project
Samsung Engineering has been awarded the Yanbu refinery expansion project from Saudi Aramco Lubricating Oil Refining Company (Luberef) in Dhahran, Saudi Arabia
ExxonMobil set to sell southern Iraq stake
ExxonMobil is in talks to sell its stake in a multibillion dollar oil project in southern Iraq
PDO to create 20,000 jobs over next five years
Petroleum Development of Oman (PDO) will aim to create 4,000 jobs per year as part of its new five-year business plan
Iraqi oil could transform global energy markets, IEA says
Iraqs energy sector could play a major part in the country’s future prosperity and the stability and security of global energy markets, the International Energy Agency (IEA) has said in a World Energy Outlook report
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