Horizon Terminals Limited (HTL), a wholly owned subsidiary of Emirates National Oil Company (ENOC), has inaugurated a new facility in Tangier, Morocco, with a total investment value of US$180mn.
Flowserve Abahsain Flow Control Company Ltd., a joint venture between Flowserve Corp. and S&A Abahsain Co. Ltd. recently inaugurated a new valve manufacturing plant and training center in the Dammam Second Industrial City.
ION is aiming to increase its presence in the region with the recent opening of its new international headquarters in Jebel Ali, Dubai.
The International Energy Agency (IEA), in its latest monthly, report cut its estimates for world oil demand growth this year.
Iraq inaugurated a new offshore oil export terminal in the Gulf in a move to ease infrastructure constraints and to bring sorely needed cash for reconstruction after decades of war and international sanctions.
