UAE to up oil exports to six million barrels this month via pipeline
The UAE is planning to step up its oil exports to six million barrels in April via the Fujairah pipeline that bypasses the Strait of Hormuz
Industry
Saudi crude output and exports experience record rise from January to February
Oil production in Saudi Arabia rose to 9.15mn bpd in February this year from 9mn bpd a month earlier, with exports also recording an increase by 5.1 per cent during the same period, according to figures posted by the Joint Organization Data Initiative (JODI)
Jordan’s first oil shale-fired power plant receives six international bids
Attarat Power Company (APCO) has received six bids from international engineering and construction companies to construct Jordan’s first oil shale-fired power plant
Qatar Laffan Refinery 2 joint venture signed for US$1.5 billion
Qatar Petroleum (QP) has signed a US$1.5bn joint venture agreement for the launch of the Laffan Refinery 2 (LR2) project in Ras Laffan to further optimise its condensate processing and enhance Qatar’s refining and export capacities
UAE oil exports hit record high in 2012
Strong oil prices, along with higher output, boosted the UAE’s export revenues to its highest income generation to date of US$125bn in 2012
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