Saudi Basic Industries Corporation (SABIC) and the Saudi Industrial Property Authority (Modon) signed a three-way deal recently with Boston Consulting Group (BCG) to conduct a study to develop six cities in the Kingdom.

Iraq has finally signed a preliminary deal with South Koreas KOGAS to develop the Akkaz field in the western province of Anbar, an oil ministry official said.

Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical announced Front-End Engineering Design (FEED) contracts had been awarded for the proposed new elastomers project at their Al-Jubail Petrochemical Company (KEMYA).

Saudi Aramco plans to accelerate the development of its 900,000 barrels-per-day (bpd) Manifa oilfield and reach full capacity by early 2015, an Aramco executive said.