18/02/2020 05:18 GMT
Algeria’s public debt rose to 45% of GDP while its foreign exchange reserves continue to shrink on the back of falling oil prices in international market boding ill for the social peace of a country...
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18/02/2020 10:22 GMT
Gulf Air Group Holding (GFG) and Gulf Hotels Group (GHG) announced joining hands to form the Bahrain Airport Hotel Company (BAHC) to manage and operate the upcoming Bahrain Airport Hotel at Bahrain...
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17/02/2020 07:24 GMT
Gulf of Suez Petroleum Company (GUPCO) aims to increase its output to about 77,000 barrels per day (bpd) of crude oil during fiscal year 2020/2021, the company’s chairman Mohamed El-Meligy said. The...
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18/02/2020 09:29 GMT
The establishment of a logistic hub will boost economic cooperation between Qazvin and Aktau port in Kazakhstan, said the chairman of Qazvin Chamber of Commerce. Mehdi Bakhshandeh said that...
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17/02/2020 07:33 GMT
Iran’s Petroleum Minister Bijan Namdar Zanganeh said that his country has quintupled its crude extraction from the so-called West Karoun oilfields, which are shared with Iraq, since 2013, adding that...
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18/02/2020 05:15 GMT
National Petroleum Services (Napesco) announced the signing of a tender contract worth KWD 109.6 million (US$360.337 million) with Kuwait Oil Company (KOC) for the execution of operations and...
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18/02/2020 07:55 GMT
Libya's national oil corporation, NOC, said on Monday that oil production was at 135,745 barrels per day as of Monday. The statement added that losses from the oil blockade exceeded US$1.6...
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18/02/2020 09:14 GMT
Oman budget carrier SalamAir has signed an agreement with Oman National Engineering and Investment Company (ONEIC) to facilitate cash collection service as part of efforts to offer superior...
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18/02/2020 05:57 GMT
Qatar has delayed choosing Western partners for the world’s largest liquefied natural gas (LNG) project by several months after surprising the industry with a big expansion plan despite a collapse in...
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18/02/2020 06:36 GMT
Ongoing energy and electricity projects in the Madinah region this year cost SR7 billion (US$1.8 billion), including nine projects for high voltage and distribution, the Saudi Press Agency reported....
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18/02/2020 10:36 GMT
Oilfield services provider Petrofac said on Tuesday its Emirati unit secured two contracts worth about US$1.65 billion from Abu Dhabi National Oil Company (ADNOC).
Petrofac Emirates will provide...
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04/02/2020 06:17 GMT
Flights carrying patients needing urgent medical attention began from the Yemeni capital Sanaa on Monday, the World Health Organization (WHO) said, a long-sought confidence-building measure in...
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18/02/2020 09:40 GMT
Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China was offset by expectations that output cuts from...
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