Dragon Oil set to takeover Petroceltic for US$789mn
Dragon Oil has announced that it has plans to buyout oil firm Petroceltic for US$789mn to boost exploration and output in Kurdistan Region of Iraq and North Africa
Industry
Saudi Arabia’s oil exports hit 2.06bn barrels in nine months this year
Saudi Arabia’s oil exports reached 2.06bn barrels in the first nine months of 2014 with proceeds amounting to US$221.2bn
Jordan to build oil shale-fueled power plant
Jordan and Attarat Power Company (APCO) has signed a US$2.2bn deal to build oil shale-fueled power plant with a capacity of 470MW
Gulf Petrochem buys Shell’s bitumen plant in India
UAE-based Gulf Petrochem has acquired a bitumen plant, located in Indian state of Gujarat, from Shell
Oxy to sell Dolphin Energy stake to Mubadala Development Company
US-based Occidental Petroleum Corporation (Oxy) is in talks to sell one-fifth of its 24.5 per cent stake in Dolphin Energy to Mubadala Development Company
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