Energy investment to surpass expectations


The UAE has overtaken Qatar to become the region's second largest energy investor with its potential capital in the sector totaling around US$74 billion during 2011-2015, official figures have shown.

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Statoil sees UAE opportunities


Statoil, Norway's biggest oil producer, plans to challenge Abu Dhabi National Oil Co's existing partners such as ExxonMobil Corp and Royal Dutch Shell for a role in the UAE's resources.

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Kuwait’s northern oil fields to produce 860,000 bpd


Kuwait's 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 country's north fields to 860,000 bpd.

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Oman's CreditWatch rating placed on negative on possible economic and fiscal pressures


Standard & Poor's 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.

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MIS enters the Iraqi market


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

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