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Mideast Drilling Stays Firm, Recovery Elsewhere Will Have To Wait
...illing at near-record levels in 2017, in stark contrast to the global trend of upstream underinvestment. The rig count for GCC countries was a collective 288 in September, just 17 off the all-time high of 305 set last October, and up 26% since the start of 2014 despite low oil prices and stretched bu...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
ENOC Forms Saudi Road Tankers Venture With Tristar
...sed in Jubail with initial capital of SR30mn ($8mn). ENOC-Tristar will begin with a small fleet of road tankers, expanding to 500 vehicles by 2017. It will also operate petroleum and chemicals storage facilities. Burhan al-Hashimi, head of ENOC Retail, said: “ENOC has built strong industry pa...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013