Industry

The Belarusian national oil company Belarusneft is pulling out of developing Iran’s Jofeir oilfield over differences with the state National Iranian Oil Co.(NIOC), the semi-official Mehr news agency announced.

Aker Solutions second quarter consolidated revenue was US$ 1.42 billion, compared with US$1.47 billion in the same period in 2010. Profits in the quarter were negatively affected by operational challenges.