Thursday 31 July 2014
 
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Gulf oil

Gulf oil companies 'must allow competition'

The tight control of state-owned oil and gas companies in the Gulf region should be eased, making the sector open for competition, an industry executive told an oil forum. 'In our region, the NOCs' (national oil companies) dominant

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$1bn Petromin Saudi IPO planned

India's Hinduja Group plans to launch the initial public offering in Saudi Arabia, of its subsidiary Petromin, to raise $800 million to $1 billion this year, a group official said on Wednesday. Lubricants maker Petromin is an equal joi

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Gulf Oil buys Saudi Petromin

Gulf Oil International Ltd, a Hinduja Group company, along with its joint venture partner the Dabbagh Group in Saudi Arabia, today announced the acquisition of Petromin. Petromin is a joint venture between Saudi Aramco (71 per cent) and Mo

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Hinduja firm acquires Petromin

Gulf Oil International Ltd, a Hinduja Group company, along with its joint venture partner the Dabbagh Group in Saudi Arabia, today announced the acquisition of Petromin. Petromin is a joint venture between Saudi Aramco (71 per cent) and Mo

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