News / International
Iran: 92 oil companies will be privatized
Iran's Acting Oil Minister Gholam-Hossein Nozari said 92 oil companies would be privatized in line with Article 44 of the Constitution. Qatar Petrochemical Co begins ethylene cargo supply to Finolex
Qatar Petrochemical Co (Qapco) recently inaugurated the first ethylene cargo to Finolex Industries of India from its Ethylene Expansion project (EP2). Dana boosts sukuk to $1bn
United Arab Emirates player Dana Gas has boosted its convertible sukuk offering by a further $125 million to $1 billion. This is the second time Dana has increased the offering, which launched on 4 October. Eni Inks a 25-Year Deal with Libya
Italian oil and gas company Eni has signed an agreement with NOC to improve oil and gas production in Libya. The agreement calls for a 10-year investment of U.S. $28 billion. Oil crosses $88 amid Iraq-Turkey fears
Crude oil for November delivery in the United States, the world's largest oil consumer, shot up yesterday to cross $88 a barrel on the New York Mercantile Exchange amid concerns that Turkey will launch a full-scale attack on Kurdish separatists in Iraq along the Turkey-Iraq border that could potentially hamper crude shipments in an already tight global market. China to start building second major gas pipeline
China will start building a second major natural gas pipeline around the end of the year or in early 2008 to transport the fuel from its remote northwestern regions to the booming coast, a senior government official said yesterday. Qatar to invest $1.5billion in Zimbabwe
A company run by a member of Qatar's ruling family is investing around $1.5 billion in Zimbabwe, to build an oil refinery and a hotel, and says it is not concerned about the country's political and economic crisis. Gulfsands Petroleum announces strategic agreement with Cham
The Directors of Gulfsands Petroleum, an oil and gas production, exploration and development company with activities in the U.S.A., Syria and Iraq Monday announce the establishment of an important strategic partnership with Cham Holding, which is well recognized as one of Syria's most important business groups. 
