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Saipem

Iraq OKs $998M oil contract with Samsung

Iraq OKs $998M oil contract with Samsung

Winning company to build crude facilities in W.Qurna 2; Duration of $998 mln contract is 31 months; Production expected to reach 150,000 bpd by Jan 2013

January 25, 2012 2:08
 
UAE Cabinet approves $1.3B Etihad Rail borrowing

UAE Cabinet approves $1.3B Etihad Rail borrowing

The United Arab Emirates' cabinet has approved plans for Etihad Rail, the developer of a railway network in the country, to borrow 4.7 billion dirhams ($1.28 billion) to finance part of the construction, Dubai's ruler said on Sunday.

January 22, 2012 5:42