Industry

Saudi Arabias plan to boost the number of oil rigs at its disposal by 28 per cent suggests the kingdom may be struggling to maintain the 12.5mn barrels a day of output capacity it has long said is in place.

ExxonMobil Industrial Lubricants have a bright future in the Middle East region with the Saudi Arabian market seen as the biggest market for Mobil Lubricants products and Iraq as a vital upcoming sector according to key members of Lubricants & Specialties (L&S) division.

Saudi Aramco reinforced its commitment to cutting-edge research and education in the oil and gas industry recently when Ahmed M. Alzayyat, managing director of Aramco Overseas Co., made a donation to the Delft University of Technology (TU Delft) on behalf of the company.

The UAE has overtaken Qatar to become the regions 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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