Dubai Aerospace in talks with Airbus, Boeing over order for 400 jets

DAE, controlled by the government of Dubai, is interested in buying Airbus A320neo family jets. (Reuters)
Updated 17 May 2018
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Dubai Aerospace in talks with Airbus, Boeing over order for 400 jets

DUBAI: Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft lessors, is in talks to purchase 400 single aisle jets from Airbus and Boeing, its chief executive said on Thursday.
DAE, controlled by the government of Dubai, is interested in buying Airbus A320neo family and Boeing 737 MAX jets, CEO Firoz Tarapore said in an interview.
Boeing declined to comment. Airbus did not immediately respond to a request for comment.


Iraq’s Basra Oil, Chevron agree to implement MOU to develop oil fields

Updated 19 August 2018
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Iraq’s Basra Oil, Chevron agree to implement MOU to develop oil fields

  • Executives from the two companies have signed an agreement which outlines a program to develop the fields
  • The MOU provides for Chevron to conduct surveys and studies on oil sites and installations

DUBAI: Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said on Sunday.
Executives from the two companies have signed an agreement which outlines a program to develop the fields, which includes studies to survey the reservoirs and extraction operations, said a statement posted on the oil ministry’s website.
Iraqi Oil Minister Jabar Al-Luaibi announced in June that Basra Oil and another state-run company, Dhi Qar Oil, signed an MOU with Chevron.
The MOU provides for Chevron to conduct surveys and studies on oil sites and installations and help the two Iraqi companies to improve their technical, administrative and financial performance.