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COOEC delivers jacket for Abu Safah field

Upstream reports that COOEC has engineered, built and launched an offshore jacket for Saudi Aramco’s Abu Safah field, underlining the rising role of Chinese EPC contractors in Middle East offshore projects.

US embargo forces Venezuela to slash oil output

According to Reuters, PDVSA is shutting in wells and joint ventures as a US oil embargo freezes exports, fills storage, disrupts Russian diluent supplies and raises risks for refining and fuel markets.

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