Saudi Arabia ‘top OPEC producer in 2012’
Saudi Arabia was the highest oil producer among the members of Organisation of Petroleum Exporting Countries (OPEC) in 2012, according to a new report
Industry
Mubadala Petroleum to sell Petrofac Emirates’ stake to Nama Project Service in UAE
Mubadala Petroleum has announced the sale of its 51 per cent interest in Petrofac Emirates to Nama Project Services in the UAE
Russia’s Lukoil targets 'massive' Middle East expansion
Russian oil giant Lukoil is considering undertaking a massive expansion in the Middle East region in the coming years as part of the company’s global development strategy, which involves increasing its foreign production of oil and gas by two and a half times its current level, writes Eugene Gerden
Dana Gas reports record output in Egypt
Dana Gas has announced that it has achieved record production of 39,000 boepd in Egypt this year
Kuwait delivers ‘free’ crude and diesel to Egypt
Kuwait has announced that it has delivered crude and diesel worth US$200mn to Egypt as part of a US$4bn aid package to the North African country
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