Libya to supply oil on credit to Egypt

barrel1Libya has announced plans to supply one million barrels of oil a month to Egypt on credit in a move that would provide the latter with relief from fuel shortages

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Saudi Aramco aiming to become world's largest refiner

petro-aramcoSaudi Aramco has announced that it is aiming to become the world's top producer of refined fuel and petrochemical products

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Alderley completes Phase 2 of facilities expansion in Dubai

Alderley FZEAlderley FZE, a manufacturer of oil and gas equipments, has completed Phase 2 of its facilities and production expansion at the 10,000 square metres plot in Jebel Ali Free Zone, Dubai

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Shell ‘owes Iran US$2.3 billion’

Image source: Shell.Royal Dutch Shell still owes Iran US$2.3bn for oil purchases, having traded in Iranian crude almost up until a European Union embargo was imposed in 2012

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Iraq's fifth oil licensing round in few months

oil-iraqIraq’s fifth licensing round for oil exploration is expected to be held within the next few months and contracts set to be amended to attract more oil firms, according the country's oil ministry

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