Libya to supply oil on credit to Egypt
Libya has announced plans to supply one million barrels of oil a month to Egypt on credit in a move that would provide the latter with relief from fuel shortages
Industry
Saudi Aramco aiming to become world's largest refiner
Saudi Aramco has announced that it is aiming to become the worlds top producer of refined fuel and petrochemical products
Alderley completes Phase 2 of facilities expansion in Dubai
Alderley FZE, a manufacturer of oil and gas equipments, has completed Phase 2 of its facilities and production expansion at the 10,000 square metres plot in Jebel Ali Free Zone, Dubai
Shell ‘owes Iran US$2.3 billion’
Royal Dutch Shell still owes Iran US$2.3bn for oil purchases, having traded in Iranian crude almost up until a European Union embargo was imposed in 2012
Iraq's fifth oil licensing round in few months
Iraq’s fifth licensing round for oil exploration is expected to be held within the next few months and contracts set to be amended to attract more oil firms, according the countrys oil ministry
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