Oil Review Middle East - Oil, Gas and Hydrocarbon Processing

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Iranian oil embargo could see oil prices skyrocket: IMF

The International Monetary Fund (IMF) has warned oil prices could jump by as much as 20-30 per cent if Iranian exports are disrupted by US and EU sanctions.

ConocoPhillips and Oxy post strong Q4 results
ConocoPhillips and Occidental Petroleum Corp (OXY) both posted better-than-expected Q4 earnings, rising 66 per cent…
Samsung wins US$998mn West Qurna contract
The Iraqi government approved a US$998mn oil field service deal awarded to South …
Baker Hughes sees Q4 profit drop
Baker Hughes reported a drop in profit for the fourth quarter owing to higher costs…
EU approves oil embargo on Iran
The European Union (EU) approved an embargo on Iranian oil imports at a meeting of…
Kuwait Energy makes a new discovery in Egypt
Kuwait Energy announced a new oil discovery in Egypt's Ahmad-1X well, located in the Gulf…
Schlumberger's Q4 2011 earnings jump 36 per cent
Schlumberger's Q4 earnings rose by 36 per cent from US$9.07 billion in 2010 to hit…
Q4 2011 review of Saudi petrochemical companies
Sabic, PetroRabigh, Petrochem and Sipchem have announced their Q4 2011 financial reports recently.…
Circle Oil completes pipeline construction in Morocco
Circle Oil's new Sebou (DRJ)-Kenitra pipeline and associated infrastructure for its Rharb Basin permits in…
Sabic and Sinopec sign Protocol of Cooperation
Saudi Basic Industries Corp (Sabic) signed a cooperation deal with China Petrochemical and Chemical Corp…