-- Essar completes purchase of UK refinery Essar Energy PLC, Mumbai, has completed its purchase from Royal Dutch Shell of the Stanlow refinery near Ellesmere Port in Northwest England (OGJ Online, Mar. 29, 2011).
-- IPIC acquires Total SA's 48.83% stake in CEPSA Total SA sold its entire 48.83% interest in Compania Espanola de Petroleos SA (CEPSA) to Abu Dhabi's sovereign fund International Petroleum Investment Co. (IPIC) for €3.7 billion.
-- Baker Institute study says Iraq faces hurdles in becoming oil leader Iraq’s large oil-production potential could put it in a position to vie for leadership with Saudi Arabia in the world oil scene in the coming decades. But Baghdad and Riyadh each might have difficulty meeting rising demand for oil, according to a study released by Rice University's Baker Institute for Public Policy.
-- Kazakhstan: Tethys adds Doris production facility Tethys Petroleum Ltd. has boosted production capacity at its Doris oil field in western Kazakhstan to 2,000-2,500 b/d with the opening of facilities that will turn out refinery grade crude oil for better margins.
-- OPEC cuts oil demand forecast on weak economic news With the outlook for economic growth in the US revised downward, the Organization of Petroleum Exporting Countries has cut its forecast for worldwide oil demand growth this year by 150,000 b/d.
-- Gasco lets contract for Habshan-Ruwais-Shuweihat gas line Abu Dhabi Gas Industries Ltd. (Gasco) has let a lump-sum, turnkey contract to Larsen & Toubro Ltd. for the engineering, procurement, construction, and commissioning for the 122-km Habshan-Ruwais-Shuweihat natural gas pipeline.