Arab Petroleum Investment Corporation APICORP Board assembled in its 1st meeting in 2010 in Jeddah with the participation of Eng. Sufian Allaw Minister of Oil and Mineral Resources and representatives of member states and executive Head and Ahmad al-Nuaimi APICORP GM.
Algerian Sonatrach oil company announced Sunday two new discoveries of oil in the Illizi basin in the south-eastern Sahara.
Royal Dutch Shell PLC (RDSB.LN) has been awarded two offshore oil and gas exploration licenses in Tunisia, a spokesman said Thursday.
Algeria will have the capacity by 2015 to refine all the crude oil it produces, Energy and Mines Minister Chakib Khelil said on Tuesday.
Khelil, speaking from Vienna where he is attending an OPEC meeting, told Algerian state radio that planned upgrades of existing refineries and the construction of a new plant “will allow us to refine the totality of our oil production by 2015″.
The Chairman of the Libyan National Oil Company [NOC] informed Asharq Al-Awsat that Tripoli is seeking to give precedence to Russia and China – at the expense of US oil companies – with regards to the Libyan oil industry because of its dissatisfaction of the Obama administrations support for Switzerland in its current crisis with Libya.
Dana Gas said Sunday it had made two new gas discoveries in Egypt, finds that will further boost the United Arab Emirates-based producer’s extensive holdings in the country.
Syria was absent from the Arab Oil Companies list that qualified it members to work out of their countries in Oil and Gas Industry.. non of Syrian private nor Public Companies was in that list which contained 92 companies.
Saudi Aramco, the world’s largest oil company, discovered natural gas in a northern area of the kingdom, the state-owned Saudi Press Agency has reported.
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Kuwait Oil Company (KOC) and oil giant Royal Dutch Shell have signed an enhanced technical service agreement for development of the Jurassic Gas fields. Under the contract, Shell will deploy technical experts to Kuwait to support KOC in its management of the ongoing development of the Jurassic Gas fields.
Yemen, trying to reduce subsidies, increased fuel prices up to 14.3 percent on Sunday, pumping station owners said.
