The Organisation of Petroleum Exporting Countries (OPEC) has announced that its petroleum exports increased by almost 10 per cent in 2012 year-on-year with the group’s GDP climbing by 12 per cent
Industry
Wills Ridley Limited signs steering systems deal with Unique Maritime Group
Unique System FZE, a Unique Maritime Group Company (UMG), has announced that Wills Ridley Limited has signed an agreement to supply marine steering systems for vessels in the Middle East, Africa and India
Iraq awards China firm US$548 million contract for oilfield development
China Petroleum Engineering & Construction Corporation (CPECC) has announced that it has been awarded a US$548mn service contract to further develop Iraq’s onshore Halfaya oilfield
Saudi Arabia ‘top OPEC producer in 2012’
Saudi Arabia was the highest oil producer among the members of Organisation of Petroleum Exporting Countries (OPEC) in 2012, according to a new report
Mubadala Petroleum to sell Petrofac Emirates’ stake to Nama Project Service in UAE
Mubadala Petroleum has announced the sale of its 51 per cent interest in Petrofac Emirates to Nama Project Services in the UAE