Industry
Fujairah Oil Terminal's first phase inaugurated
The first phase of Gulf Petrochem’s US$136.4mn Fujairah Oil Terminal has been inaugurated in the UAE emirate
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EmiratesLNG and Fujairah government agree lease deal for LNG facility
EmiratesLNG has signed an agreement to lease 260,000 sqm of land from the Government of Fujairah to accommodate its planned LNG import terminal and regasification facility
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Jordan and Kurdistan Region of Iraq to finalise double pipeline deal
Jordan and the Kurdistan Region of Iraq are expected to sign commercial and legal agreements this month to build a double pipeline to supply Jordan with crude oil and natural gas
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Saudi Arabia oil 'can fulfill energy needs for 80 years'
Saudi Arabia has adequate oil reserves to meet its energy requirements for 80 years, the International Association of Energy Economies (IAEE) has announced
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Investcorp buys Scottish oil field services firm Hydrasun
Bahrain-based investment manager Investcorp has bought a controlling stake in Scottish oil field services provider Hydrasun, taking its US$1bn Gulf Opportunity Fund closer to full deployment
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