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ADNOC cuts operational spending by 15% ADNOC will continue to invest in research and development.

ADNOC cuts operational spending by 15%

Company asked operating firms to cut opex after oil price slump

 •   ADNOC to open R&D centre in 2015
 •   Adnoc plans $100bn spending to raise production
 •   Adnoc orders Wintershall's EOR technology samples

Algeria's Sonatrach appoints new chief executive

Company moves to replace interim Said Sahnoun who served as a CEO for less than a year
 

ADNOC to open R&D centre in 2015

New centre will be of world-class standard
 

Mitsubishi, Tepco win Qatar gas-fired plant bid

Qatar Petroleum to invest and own 5% in joint venture charged with building the plant
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