Qatar Petroleum International (QPI) has announced that it will invest US$3.61bn to build an oil refinery in Egypt in partnership with Orient Company and the Egyptian General Petroleum Corporation (EGPC)
Industry
DSI wins its first oil and gas project in Iraq
Drake & Scull International (DSI) has been awarded, in collaboration with SICIM SpA of Italy, a US$358.8mn engineering, procurement and construction (EPC) contract for pipeline installation at the Zubair Oil Field in Iraq
Iraq oil and gas free zone to be created
The Iraq General Commission of Free Zones and Basra International Oil and Gas Hub (BIOGH) have formed a joint venture to create a specialised oil and gas free zone at Khor Al-Zubair, Basra
Smit Lamnalco awarded offshore contract in Iraq
Smit Lamnalco has been awarded a turnkey US$35 million contract by Petrofac to support single point mooring operations for the Iraq Crude Oil Export Expansion Project (ICOEEP)
GCC to reap oil revenues of US$572 billion in 2012
According to a new report from Saudi Arabias National Commercial Bank (NCB), Gulf economies appear on track for historically high surpluses