Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry, launched Qatars first Sustainable Development Industry (SDI) Report that covers the various sustainability initiatives and projects undertaken by energy & industry stakeholders operating in the country.
Industry
Fujairah buys part of Gulf Petrochem oil storage facility
Gulf Petrochem Group has signed an investment agreement with the Government of Fujairahs subsidiary Fujairah Petroleum Company (FPC) which sees FPC buy a 12 per cent stake in its upcoming storage terminal project in Fujairah.
Lukoil awards Piling Tech US$10mn Iraqi oil contract
Lukoil has awarded Piling Tech, a unit of UAE-based Tech Group, its first oil contract in Iraq valued at US$10mn.
Libya will supply four major European trading houses with crude oil in 2012 according to a National Oil Corporation (NOC) official.
Oil exploration and production activity is growing fast in southern Iraq.
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