Samsung awarded US$871 million Yanbu project
Samsung Engineering has been awarded the Yanbu refinery expansion project from Saudi Aramco Lubricating Oil Refining Company (Luberef) in Dhahran, Saudi Arabia
Industry
ExxonMobil set to sell southern Iraq stake
ExxonMobil is in talks to sell its stake in a multibillion dollar oil project in southern Iraq
PDO to create 20,000 jobs over next five years
Petroleum Development of Oman (PDO) will aim to create 4,000 jobs per year as part of its new five-year business plan
Iraqi oil could transform global energy markets, IEA says
Iraqs energy sector could play a major part in the country’s future prosperity and the stability and security of global energy markets, the International Energy Agency (IEA) has said in a World Energy Outlook report
MENA oil producers to invest US$740 billion into energy projects over next five years
Oil producers from across the MENA region will contribute US$740bn towards energy projects over the next five years, according to a report from Arab Petroleum Investments Corporation (Apicorp)
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