An engineering and construction unit under China's Sinopec Group has started building pipelines for Iraq's Maysan project that will help raise the oilfield's production to 460,000 barrels per day (bpd) by 2016, an industry website
Steel is now almost as cheap by weight as cabbage in China, reports said, as overcapacity is prompting Chinese steel enterprises to cut their prices in order to boost exports.
Domestic steel prices in China have fallen for 12 stra
The oil price drop to four year lows will not affect Kuwait's output plans or rate of production, the head of its state oil company said on Thursday.
Speaking to reporters, Hashem Hashem, chief executive of Kuwait Oil Co, said
Aluminium Bahrain (Alba) has received approval from the kingdom's government for the gas allocation needed to support its planned sixth production line, which is expected to start operating in 2018, a top company executive has said.
The volume of aluminium production in the Gulf region is expected to increase to five million tonnes by 2015, accounting for 17.5 per cent of the total global output, compared with 3.7 million tonnes in 2012 or 11 per cent of the total world pro
Oil production at southern Iraq's West Qurna-1 field is running at a rate of 360,000 barrels per day (bpd) due to problems with low levels of water injection to boost production, the head of the joint management committee said.
Oil production in Iraqi Kurdistan will rise to around 400,000 barrels per day (bpd) over the course of 2014, the chief executive of Anglo-Turkish firm Genel Energy, the region's biggest producer, said.
Weak demand, combined with more than enough oil production, caused the Brent oil price to drop below $100 per barrel (bbl), the lowest level in 14 months, according to a report.
Iraqi Kurdistan increased oil production and Libya a
Yokogawa Electric Corporation has announced the release of Centum VP R5.04, an enhanced version of the company’s flagship integrated production control system.
This new Centum release features enhanced alarm and batch functi