Strata Energy Services Inc has signed a joint venture agreement with the Shoaibi Group to provide integrated performance drilling services in the Kingdom of Saudi Arabia (KSA), and its territorial waters.
Saudi Basic Industries Corporations (SABIC) Q1 2011 net income came in at US$2bn, higher than its estimate of US$1.5bn.
Sahara Petrochemicals net income came in at US$26.6mn above its estimate of US$14.6mn.
Recent uprisings in the Middle East and North Africa provide an opportunity for the region to lay the foundation for a socially inclusive growth agenda.
