Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member, UAE, will supply Murban crude at five per cent below contracted volumes.
Industry
Eni to make greater inroads in Iraq
Iraqi Prime Minister Nuri al-Maliki and Eni CEO, Paolo Scaroni, accompanied by Eni E&P COO, Claudio Descalzi, met in Baghdad to discuss the development of Enis work on Iraqs giant oil field Zubair, and potential for futher cooperation.
SBC expands senior leadership team
SBC, the management consultancy arm of Schlumberger, is pleased to announce the expansion of its senior leadership team with the appointment of six vice presidents.
OPEC to add 21mn bpd oil capacity in next 5 years
OPEC countries plan to add a total of 21mn bpd of new oil capacity over the next five years, according to the organizations secretary-general Abdalla el-Badri.
Gulf Keystone Petroleum plans oil export pipeline through Turkey
Gulf Keystone Petroleum has unveiled plans to build a pipeline through Turkey to export oil from its giant Shaikan discovery in Iraqi Kurdistan by 2013.
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