Industry

Kuwaits northern oil fields have seen a ramp up in production which has come about by the successful completion of an early production facility that has increased oil production in the countrys north fields to 860,000 bpd.

Standard & Poors Ratings Services placed its A/A-1 long-term and short-term local and foreign currency ratings on the Sultanate of Oman (Oman) on CreditWatch with negative implications.

UAE-based MIS Group (Maritime Industrial Services - OSE: MIS), announced the appointment of Chris Parker MBE, as Executive Vice President for MIS Iraq.

Saudi Aramco has set ambitious targets for itself and the petrochemical sector in the Middle East over the next ten years that will force the industry to fully take advantage of the upcoming global boom in the chemical industry.