Dubai Mercantile Exchange tops 1bn barrels mark

Cumulative trading in Dubai Mercantile Exchange’s benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded one million contracts, representing one billion barrels of crude oil traded, since its launch on June 1, 2007, Gulf News has reported. “At the close of trading on 27 November 2009, DME Oman had traded a total of […]

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Dubai Mercantile Exchange tops 1bn barrels mark

Cumulative trading in Dubai Mercantile Exchange’s benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded one million contracts, representing one billion barrels of crude oil traded, since its launch on June 1, 2007, Gulf News has reported. “At the close of trading on 27 November 2009, DME Oman had traded a total of […]

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Dubai Mercantile Exchange tops 1bn barrels mark

Cumulative trading in Dubai Mercantile Exchange’s benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded one million contracts, representing one billion barrels of crude oil traded, since its launch on June 1, 2007, Gulf News has reported. “At the close of trading on 27 November 2009, DME Oman had traded a total of […]

Stock Trkr
Dubai Mercantile Exchange tops 1bn barrels mark

Cumulative trading in Dubai Mercantile Exchange’s benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded one million contracts, representing one billion barrels of crude oil traded, since its launch on June 1, 2007, Gulf News has reported. “At the close of trading on 27 November 2009, DME Oman had traded a total of […]

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Iraq to install new oil platforms

Dhiya Jaafar, chief of Iraq’s South Oil Co has said the country aims to install four new floating oil terminals and three new undersea oil pipelines to boost export capacity to eight million barrels-per-day from a current 1.9 million bpd, Reuters has reported. Work is scheduled for completion on the new terminals and pipelines in […]

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Iraq to install new oil platforms

Dhiya Jaafar, chief of Iraq’s South Oil Co has said the country aims to install four new floating oil terminals and three new undersea oil pipelines to boost export capacity to eight million barrels-per-day from a current 1.9 million bpd, Reuters has reported. Work is scheduled for completion on the new terminals and pipelines in […]

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Iraq to install new oil platforms

Dhiya Jaafar, chief of Iraq’s South Oil Co has said the country aims to install four new floating oil terminals and three new undersea oil pipelines to boost export capacity to eight million barrels-per-day from a current 1.9 million bpd, Reuters has reported. Work is scheduled for completion on the new terminals and pipelines in […]

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Iraq to install new oil platforms

Dhiya Jaafar, chief of Iraq’s South Oil Co has said the country aims to install four new floating oil terminals and three new undersea oil pipelines to boost export capacity to eight million barrels-per-day from a current 1.9 million bpd, Reuters has reported. Work is scheduled for completion on the new terminals and pipelines in […]

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Aramco, Conoco set deadline for refinery unit bids

A February 28 deadline has been set by Saudi Aramco and US-based ConocoPhillips for bids for a solids unit at their joint 400,000 barrels-per-day Yanbu refinery, Reuters has reported. The two firms have informed contractors that proposals must be submitted by January 31, for five other EPC packages that include a coking unit, a crude […]

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Aramco, Conoco set deadline for refinery unit bids

A February 28 deadline has been set by Saudi Aramco and US-based ConocoPhillips for bids for a solids unit at their joint 400,000 barrels-per-day Yanbu refinery, Reuters has reported. The two firms have informed contractors that proposals must be submitted by January 31, for five other EPC packages that include a coking unit, a crude […]

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Aramco, Conoco set deadline for refinery unit bids

A February 28 deadline has been set by Saudi Aramco and US-based ConocoPhillips for bids for a solids unit at their joint 400,000 barrels-per-day Yanbu refinery, Reuters has reported. The two firms have informed contractors that proposals must be submitted by January 31, for five other EPC packages that include a coking unit, a crude […]

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Aramco, Conoco set deadline for refinery unit bids

A February 28 deadline has been set by Saudi Aramco and US-based ConocoPhillips for bids for a solids unit at their joint 400,000 barrels-per-day Yanbu refinery, Reuters has reported. The two firms have informed contractors that proposals must be submitted by January 31, for five other EPC packages that include a coking unit, a crude […]

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IPIC says won’t follow S. Korea ruling

Abu Dhabi-based International Petroleum Investment Co (IPIC) has said it will not abide by a recent arbitration ruling to sell its controlling stake in a South Korean refiner until local courts enforced it, Reuters has reported. Last week, the Singapore International Chamber of Commerce (ICC) had ruled that IPIC should sell its entire stake to […]

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IPIC says won’t follow S. Korea ruling

Abu Dhabi-based International Petroleum Investment Co (IPIC) has said it will not abide by a recent arbitration ruling to sell its controlling stake in a South Korean refiner until local courts enforced it, Reuters has reported. Last week, the Singapore International Chamber of Commerce (ICC) had ruled that IPIC should sell its entire stake to […]

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IPIC says won’t follow S. Korea ruling

Abu Dhabi-based International Petroleum Investment Co (IPIC) has said it will not abide by a recent arbitration ruling to sell its controlling stake in a South Korean refiner until local courts enforced it, Reuters has reported. Last week, the Singapore International Chamber of Commerce (ICC) had ruled that IPIC should sell its entire stake to […]

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IPIC says won’t follow S. Korea ruling

Abu Dhabi-based International Petroleum Investment Co (IPIC) has said it will not abide by a recent arbitration ruling to sell its controlling stake in a South Korean refiner until local courts enforced it, Reuters has reported. Last week, the Singapore International Chamber of Commerce (ICC) had ruled that IPIC should sell its entire stake to […]

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Bomb atack hits Iraq-Turkey oil pipeline

Iraq’s oil ministry has said the Iraq-Turkey oil pipeline in Salahuddin province has been damaged by a bomb attack, Reuters has reported. The damage will take up to four more days to fix, the ministry said. The Kirkuk pipeline carries around a quarter of Iraq’s oil exports to the Turkish port of Ceyhan, where it […]

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Bomb atack hits Iraq-Turkey oil pipeline

Iraq’s oil ministry has said the Iraq-Turkey oil pipeline in Salahuddin province has been damaged by a bomb attack, Reuters has reported. The damage will take up to four more days to fix, the ministry said. The Kirkuk pipeline carries around a quarter of Iraq’s oil exports to the Turkish port of Ceyhan, where it […]

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Bomb atack hits Iraq-Turkey oil pipeline

Iraq’s oil ministry has said the Iraq-Turkey oil pipeline in Salahuddin province has been damaged by a bomb attack, Reuters has reported. The damage will take up to four more days to fix, the ministry said. The Kirkuk pipeline carries around a quarter of Iraq’s oil exports to the Turkish port of Ceyhan, where it […]

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Bomb atack hits Iraq-Turkey oil pipeline

Iraq’s oil ministry has said the Iraq-Turkey oil pipeline in Salahuddin province has been damaged by a bomb attack, Reuters has reported. The damage will take up to four more days to fix, the ministry said. The Kirkuk pipeline carries around a quarter of Iraq’s oil exports to the Turkish port of Ceyhan, where it […]

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Rabigh power contract bidders seek more time

Firms bidding for the contract to build the Rabigh power station for Saudi Electricity Co. (SEC) have asked for more time to prepare proposals, Reuters has reported. Companies want more time to adjust plans to changes in environmental specifications in designs, one company said. The SEC has already extended the bidding deadline to Dec. 15 […]

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Rabigh power contract bidders seek more time

Firms bidding for the contract to build the Rabigh power station for Saudi Electricity Co. (SEC) have asked for more time to prepare proposals, Reuters has reported. Companies want more time to adjust plans to changes in environmental specifications in designs, one company said. The SEC has already extended the bidding deadline to Dec. 15 […]

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Rabigh power contract bidders seek more time

Firms bidding for the contract to build the Rabigh power station for Saudi Electricity Co. (SEC) have asked for more time to prepare proposals, Reuters has reported. Companies want more time to adjust plans to changes in environmental specifications in designs, one company said. The SEC has already extended the bidding deadline to Dec. 15 […]

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Rabigh power contract bidders seek more time

Firms bidding for the contract to build the Rabigh power station for Saudi Electricity Co. (SEC) have asked for more time to prepare proposals, Reuters has reported. Companies want more time to adjust plans to changes in environmental specifications in designs, one company said. The SEC has already extended the bidding deadline to Dec. 15 […]

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ABB wins $38m contract in Saudi

Power and automation technology group ABB has secured a $38m contract from Saudi Electricity Co, the kingdom’s national power transmission and distribution utility, to improve the efficiency of 22 power distribution substations. ABB will design, engineer, supply, install and commission the equipment. The project is expected to be completed by 2011.

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ABB wins $38m contract in Saudi

Power and automation technology group ABB has secured a $38m contract from Saudi Electricity Co, the kingdom’s national power transmission and distribution utility, to improve the efficiency of 22 power distribution substations. ABB will design, engineer, supply, install and commission the equipment. The project is expected to be completed by 2011.

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ABB wins $38m contract in Saudi

Power and automation technology group ABB has secured a $38m contract from Saudi Electricity Co, the kingdom’s national power transmission and distribution utility, to improve the efficiency of 22 power distribution substations. ABB will design, engineer, supply, install and commission the equipment. The project is expected to be completed by 2011.

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ABB wins $38m contract in Saudi

Power and automation technology group ABB has secured a $38m contract from Saudi Electricity Co, the kingdom’s national power transmission and distribution utility, to improve the efficiency of 22 power distribution substations. ABB will design, engineer, supply, install and commission the equipment. The project is expected to be completed by 2011.

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ENOC says won’t raise Dragon Oil bid

Saeed Khoory, chief executive of Emirates National Oil Co (ENOC), has said the company will not increase its bid for Dragon Oil, Reuters has reported. Dragon Oil said last week the Dubai state-owned refiner had confirmed it would not increase its takeover offer from 455 pence-a-share. Related Posts:GBP/USD. Analysis for November 7th. Economists do not […]

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ENOC says won’t raise Dragon Oil bid

Saeed Khoory, chief executive of Emirates National Oil Co (ENOC), has said the company will not increase its bid for Dragon Oil, Reuters has reported. Dragon Oil said last week the Dubai state-owned refiner had confirmed it would not increase its takeover offer from 455 pence-a-share. Related Posts:GBP/USD. Analysis for November 7th. Economists do not […]

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