2011 will see Saudi Aramco store crude in Japan


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


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


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


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


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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