The joint venture company will market and provide integrated defensive cybersecurity software and hardware capabilities, and perform research and development activities.
This comes as a result of a debottlenecking project in Kurdistan
The first phase of the facility will open at the end of 2019
It has already attracted investments from local and international companies
Saudi Aramco and Duqm Refinery contractor Saipem was hit with a cyberattack on 10 December
OPEC and its allies will cut production in 2019 by 1.2mn barrels per day
Suhail Mohamed AlMazrouei tweeted out the reductions on Monday, with a positive outlook for 2019
Egyptian Government approved the sale of a 20% interest to Mubadala Petroleum and a 25% interest to BP out of Eni’s share in the Nour North Sinai Offshore exploratory concession
China ZhenHua Oil acquires share previously held by CEFC China
The platform is expected to provide a faster and more reliable system to replace lengthy manual processes
Cut will be between 1mn and 1.3mn bpd, depending on Russia's contribution
The sale is part of a larger, $287.5mn sell-off of land drilling rig operations in Algeria, Kuwait, Saudi Arabia and Iraq
Trump has repeatedly tweeted OPEC, and Saudi Arabia, not to cut production in a bid to keep oil prices low
The price of Brent crude started recovering from a sharp drop in November, jumping 4.7% in the past week
It was created by a consortium of founders including oil majors Shell and BP
