Repsol has announced a sharp fall in Q4 2011 profits as the Spanish oil company was hit by the suspension of oil production in Libya for large parts of 2011.
Industry
Emerson opens largest support facility in Iraq
Emerson Process Management has opened the largest support facility in Basra, Iraq which will help support its customer base in the country with a team of Iraqi technical field service engineers.
Siemens appoints a new Oil & Gas CEO
Siemens Energy has appointed a new CEO of the Oil & Gas Division at the beginning of February the company announced.
Chinese oil companies to set up industrial parks in Dubai
China National Petroleum Corp (CNPC) is looking at establishing a logistics hub in Dubais Free Zone to supply the companys needs in the Middle East and North Africa, reported the China Daily.
Iran stops oil sales to Britain and France
Iran’s oil ministry announced that it has stopped oil sales to both Britain and France in a move seen as a direct retaliation for the upcoming EU embargo on imports of Iranian oil.
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