IEA 5-year oil outlook also sees global demand growth losing momentum
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Omani crude futures contract breaks $110
Front-month August DME Oman futures trade at a high of $110.04
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Iran rejects excessive demands of P5+1 nations
Iran and the P5+1 nations are aiming to reach a deal by July 20 2014
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Iran to increase gas production at South Pars
Production will rise to 540 million cubic metres per day by 2017
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Anonymous: Hacker group to attack tomorrow
Middle East-based hackers,’Anonymous’ have threatened oil firms.
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Iraq crisis: Eni’s Zubair operations unaffected
Eni operations in Zubair field have not been hampered by Iraq unrest.
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Libyan fuel smuggling to Malta on the rise
PM states that smuggling is a threat to the fragile Libyan economy
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Lebanon hopes to lure IOCs with attractive terms
The first round of bidding will close on August 14, 2014
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TMK GIPI wins pipe supply contract from PDO
TMK GIPI has received an order of coated line pipes from PDO.
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Bahri, Aramco Vela form KSA’s biggest merger
National Shipping Company of Saudi Arabia and Aramco Vela have merged.