Industry

2011 will see Saudi Aramco store crude in Japan

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Saudi's state-run oil giant Saudi Aramco signed a contract with state-run Japan Oil, Gas and Metals National Corp (JOGMEC) that would allow the Saudi company to store crude oil in Japan from February 2011 onwards.

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Iraq plans to build oil pipeline to Jordan

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Iraq and Jordan have agreed in principle on building a pipeline between both countries to supply Amman with crude oil for the coming decades, officials announced after a visit to Iraq by Jordan's prime minister, Samir Rifai.

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Wintershall opts for Abu Dhabi

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Wintershall, Germany's largest producer of crude oil and natural gas, part of the BASF Group, earlier this year opened a new branch in Abu Dhabi.

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Tenaris inaugurates Saudi plant

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Tenaris recently inaugurated its first plant in Saudi Arabia, Tenaris Saudi Arabia Ltd., in the presence of Saudi Aramco executives and members of local authorities.

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High crude prices will boost job market

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High crude prices will continue to fuel the expansion of GCC economies, boosting the number of jobs for nationals and foreigners, the region's private sector has said.

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