News / International
Saudi Aramco and ConocoPhillips Delay Yanbu Project
The Saudi Arabian Oil Company (Saudi Aramco) and ConocoPhillips have agreed to halt the bidding process associated with the construction of the planned 400,000 barrel-per-day export refinery at the Yanbu Industrial City, in the Kingdom of Saudi Arabia, citing uncertainties in the financial and contracting markets. Gulfsands Produces 840,000 barrels at Syria’s Khurbet East field
Gulfsands Petroleum has provided a production update for the Khurbet East Field in Block 26 in Syria. Saudi Aramco appoints new President & CEO
The Minister of Petroleum and Mineral Resources Ali I. Al-Naimi has announced the appointment of Khalid A. Al-Falih as president and chief executive officer of Saudi Aramco, effective January 1, 2009. Iraq-Turkey oil pipeline shut down by explosion
An explosion in south-eastern Turkey late Wednesday night destroyed parts of a pipeline carrying oil from the Iraqi city of Kirkuk to the Turkish Mediterranean port of Ceyhun, the Anadolu news agency reported Thursday. Gulf Keystone completes successful test of the HBH-5 Appraisal Well in Algeria
Gulf Keystone Petroleum Ltd, an AIM listed independent oil and gas exploration company with interests in Algeria and Kurdistan, is pleased to announce that drilling and testing of the HBH-5 appraisal well on the Hassi Ba Hamou Permit (HBH Permit) in Algeria has been completed. Obama presidency unlikely to impact Gulf oil imports
Barack Obama's policy calling for reducing US dependence on foreign oil imports will not pose a significant threat to Gulf producers who pump nearly a fifth of global needs, experts said. Oil extends loss below $65 on recession fears
Oil fell below $65 a barrel on Thursday, extending a 7 percent drop in the previous session, as heightened fears of a demand-crushing global recession weighed on sentiment. Dow Chemical Launches Oil & Gas Business
Dow Chemical India, Middle East & Africa (IMEA) GmbH launched the Dow Oil & Gas business platform to the Middle East region at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC); one of the world’s largest petroleum events. 
