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.
Industry
Statoil sees UAE opportunities
Statoil, Norways biggest oil producer, plans to challenge Abu Dhabi National Oil Cos existing partners such as ExxonMobil Corp and Royal Dutch Shell for a role in the UAEs resources.
Kuwait’s northern oil fields to produce 860,000 bpd
Kuwaits 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 countrys north fields to 860,000 bpd.
Oman's CreditWatch rating placed on negative on possible economic and fiscal pressures
MIS enters the Iraqi market
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