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AlMansoori Joint Venture with Key Energy

March 9, 2010

AlMansoori Petroleum Services, a subsidiary of AlMansoori Specialized Engineering, regional provider of oilfield services in the Middle East, has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services. The joint venture will bring several new services to AlMansoori’s capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing. The joint venture will see Houston-born Key Energy Services establish a base in the Middle East for the first time and signifies AlMansoori’s expansion into the region, it will target heavily in 2010.

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Saudi Arabia restarts East West oil pipeline, according to sources
Sources say that traders are pushing for lower prices for Venezuelan crude oil, as shipping costs have risen.
Wall Street Journal, September 23,