Algeria

Islamist Opposition: Algeria Needs to Deal with Oil & Gas Dependency
21/05/2018 04:32 GMT

Algeria must build a national consensus to undertake deep economic reforms and end its dependency on volatile gas and oil revenues, the new leader of the main Islamist opposition party... More


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Bahrain

Bahrain Slow to Implement Reforms Despite Debt Woes
21/05/2018 08:31 GMT

Greylock Capital Management LLC, a hedge fund that holds the distressed bonds of Mozambique and Venezuela, says Bahrain is its next potential target. The cash-strapped GCC nation has been slow to... More


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Egypt

Bids Received for Egypt Coal-Fired Power Plant
21/05/2018 05:34 GMT

Egypt next week will announce the winning consortium to build a 6,000 megawatt coal-fired power plant in the Red Sea port of Hamrawein after having received bids from three international consortiums,... More


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Iran

Iran Oil on Fire
21/05/2018 07:36 GMT

On 26 August 1941, the Allied troops invaded Iran from north and south under the pretext of the presence of German nations in Iran. Their main objective was to carry military personnel and munitions... More


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Iraq

Kuwaiti Firm Picks Adviser for Sales of Iraq Asset, Spin-Off of Egyptian Assets
21/05/2018 05:09 GMT

Kuwait Energy, an independent oil and gas company, has hired investment bank Perella Weinberg Partners (PWP) to advise it on options that could include selling all or part of its Block 9 asset in... More


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Kuwait

Kuwaiti Firm Picks Adviser for Sales of Iraq Asset, Spin-Off of Egyptian Assets
21/05/2018 05:09 GMT

Kuwait Energy, an independent oil and gas company, has hired investment bank Perella Weinberg Partners (PWP) to advise it on options that could include selling all or part of its Block 9 asset in... More


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Libya

Sanalla Attends Libyan British Business Council
14/05/2018 09:49 GMT

Mustafa Sanalla, chairman of Libya’s state-run National Oil Corporation (NOC), and a delegation from Libya participated in a high-level forum in Aberdeen. The event was put on by the Libyan British... More


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Oman

Oman on Path towards New Energy Future
21/05/2018 08:33 GMT

The Oil & Gas Year (TOGY), working in partnership with the Ministry of Oil and Gas and Oman Society for Petroleum Services (OPAL), and with sponsorship from Occidental of Oman, Oman Drilling Systems... More


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Qatar

UK's Top Qatari LNG Importer Seeks to Broaden Supply as Cargoes Slump
20/05/2018 08:50 GMT

Britain's busiest liquefied natural gas (LNG) import terminal, South Hook, is seeking to broaden its sources of supply as robust Asian demand diverts cargoes from Qatar - the world's biggest exporter... More


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Saudi Arabia

Decline in KSA's Oil Exports
21/05/2018 04:32 GMT

Saudi Arabia's crude oil exports in March fell to 7.122 million barrels per day from 7.251 million bpd in Feb, official data showed on Thursday. Monthly export figures are provided by Riyadh and... More


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UAE

GDRFA Dubai to Build Innovation Lab with Samsung
21/05/2018 09:04 GMT

The General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA-Dubai) has signed an agreement with Samsung International SDS for the Middle East and Africa to build an innovation lab... More


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Yemen

Yemeni Houthis Fire Missile at Aramco Facility, Saudi Says It Falls in Desert
15/05/2018 07:17 GMT

Yemen’s armed Houthi movement launched a ballistic missile at a Saudi Aramco facility in Saudi Arabia’s southwestern Jizan province on Monday, the group’s al-Masirah TV reported, but a Saudi-led... More


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General News

Oil to Hit US$90 on New Shipping Laws: Morgan Stanley
21/05/2018 04:32 GMT

Forget Iran and OPEC (Organization of Petroleum Exporting Countries) - there’s another issue that will keep oil prices supported for the next two years, reported Bloomberg, citing senior analysts of... More


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