A spokesman for the Kuwait Petroleum Company (KPC) claimed significant progress in removing the oil from last week’s oil spill off Kuwait’s southern coast.
UK Export Finance, a British agency tasked to promote British exports, will provide $117 million in financing to General Electric and Enka UK for the construction of two gas-powered electricity plants in Iraq.
Russia’s Zarubezhneft, Turkey’s Unit International, and Iran’s Ghadir Investment Company signed a memorandum of understanding (MoU) on oil and gas development.