:: 2007 Forecast: US optimistic on Kuwait and UAE; pessimistic on Iraq and Iran
Posted: 08 January 2007
Saudi Arabia could pump as much as 18 million barrels per day of crude oil in 2030 while production capacity in Kuwait and the UAE could swell to nearly 4.5 million bpd, according to a US energy official.

:: The global changes
Posted: 08 January 2007
It was generally agreed that if all announced projects in Middle East and China would start up on time, there will be an overcapacity of ethylene derivatives.

:: DHL strikes deal with Aramco
Posted: 08 January 2007
DHL Exel Supply Chain, the logistics specialist at Deutsche Post World Net, has concluded a 10-year multimillion dollar contract with Saudi Aramco.

:: Third round winners
Posted: 08 January 2007
In an ambitious goal to increase its crude output to three million barrels a day by around 2010, Libya has put up 41 onshore and offshore blocks for bidding. However, only 10 areas received offers of investment.

:: Bahrain’s petrochemical records profit
Posted: 08 January 2007
Bahrain 's Gulf Petrochemical Industries Company (GPIC) produced petrochemicals 5.8% more than expected and made a profit of $145 million last year, its top official said.

:: Indonesia’s frontiers explored
Posted: 08 January 2007
TGS-Nopec Geophysical Company in cooperation with the Directorate General of Oil and Gas (MIGAS) started acquiring a series of non-exclusive geo-scientific surveys over Indonesia 's under-explored frontier basins.

:: AGR EmiTeam acquires Sweden’s Safe Control
Posted: 08 January 2007
AGR EmiTeam AS, part of the Norway-based AGR oil technology and services group, has acquired Safe Control NDT AB of Sweden in a deal worth SEK 5.5 million.

:: Inroads to Libya
Posted: 08 January 2007
Inpex makes the inroads into the Libyan exploration development. The company succeeded in getting an interest in the on-shore area 113-3/4 where it acts as operator with 85% interest in the venture with Mitsui Oil Exploration holding 15%.

:: Indago reports Offshore Oman success
Posted: 08 January 2007
Indago Oman Limited (IOL), a wholly owned subsidiary of Indago Petroleum Limited, has concluded testing operations on the West Bukha-2A (WB2A) well offshore Oman.

:: Natural gas discovery in Libya
Posted: 08 January 2007
Repsol YPF in conjunction with Woodside Petroleum Ltd. reports that the C1-NC210 exploration well, drilled by Woodside, in NC210 in Libya 's Murzuq Basin , has reached a total depth of 808 meters.