Egypt receives US$2.48 billion fuel aid in four months
Egypt has received fuel worth US$2.48bn from Saudi Arabia, the UAE and Kuwait since July this year till the end of November, according to an unnamed Egyptian government official
Industry
ExxonMobil to sell its stake in Iraqi oilfield
ExxonMobil will sell over half of its 60 per cent stake in Iraq’s West Qurna-1 oilfield project to PetroChina and Pertamina, company sources announced
Iraq exports up 5.7 per cent in November 2013
Iraq has exported an average of 2.38mn bpd in November this year, up by 5.7 per cent a month earlier, Oil Ministry sources announced
Petrofac and Daelim joint venture win Sohar Refinery deal
A 50-50 joint venture of Petrofac and Daelim has won a three-year engineering, procurement and construction (EPC) contract of Oman’s Sohar Refinery expansion project
Consortium set to buy UAE oil services company
A consortium owned by Fajr Capital, APICORP and Zamil Group are in talks to buy UAE-based oil services firm NPS Energy for around US$700mn
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