KOGAS signs Iraqi gas deal


Iraq has finally signed a preliminary deal with South Korea's KOGAS to develop the Akkaz field in the western province of Anbar, an oil ministry official said.

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ExxonMobil Chemical and SABIC award contracts for new elastomers project


Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical announced Front-End Engineering Design (FEED) contracts had been awarded for the proposed new elastomers project at their Al-Jubail Petrochemical Company (KEMYA).

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Aramco eyes full output by 2015


Saudi Aramco plans to accelerate the development of its 900,000 barrels-per-day (bpd) Manifa oilfield and reach full capacity by early 2015, an Aramco executive said.

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SABIC to build US$1 billion plant in China


Saudi Basic Industries Corp (SABIC) is aiming to construct a US$1 billion-plus facility with China Petroleum & Chemical Corp (Sinopec) in China.

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Oxy sees Q1 2011 production jump


Occidental Petroleum (Oxy) has seen a rise in oil and gas production which has helped it see profits rise in Q1 2011.

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