Algeria

Algeria Decreases Crude Output
17/01/2019 05:19 GMT

Algeria has cut its crude oil production by 25,000 barrels per day (bpd) as part of an agreement with the Organization of the Petroleum Exporting Countries (OPEC). Put into effect from 1 January,... More


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Bahrain

Bahrain Economic Development Board Reports Inward Investment
17/01/2019 05:25 GMT

The Bahrain Economic Development Board (EDB), an investment promotion agency with overall responsibility for attracting investment into the Kingdom, has attracted 92 companies and investments worth... More


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Egypt

SDX Well on Egypt’s South Ramadan Hits Target Depth
17/01/2019 05:22 GMT

SDX Energy saw its SRM-3 well on Egypt’s South Ramadan concession reach its targeted depth. The company said in a recent release that the well was drilled to a depth of 15,635 ft and encountered 75... More


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Iran

India's Soymeal Sales to Iran Hike to Offset Rupees-For-Oil Imbalance
17/01/2019 07:38 GMT

India’s soymeal sales to Iran are set to spike as the oil producer uses the rupees it receives for its crude exports to cover its animal feed demand amid U.S. sanctions that have crimped the... More


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Iraq

Jordanian Contractors See New Opportunities in Iraq
17/01/2019 05:19 GMT

Business leaders in Jordan have reportedly welcomed increased access to Iraq’s US$88.2 billion reconstruction efforts. According to a report from Jordan Times, a recent agreement to grant Jordanian... More


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Kuwait

Kuwait to Invest to Develop Civil Aviation: DCGA Chief
17/01/2019 05:19 GMT

An investment of US$20 billion is expected to be made in the next 10 years to develop and modernize civil aviation sector in Kuwait, a senior Kuwaiti official said. President of the Directorate... More


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Libya

All Libyan Ports Closed Due to Bad Weather
16/01/2019 08:02 GMT

All Libyan oil and non-oil ports were closed on Tuesday due to bad weather, a shipper and a port worker said. Tankers were waiting to load at the Ras Lanuf, Es Sider, Zueitina, Zawiya and Hariga oil... More


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Oman

Mazrouei :UAE, KSA, Oman Keen on GCC Gas Network
17/01/2019 06:43 GMT

The UAE, Saudi Arabia and Oman are researching an extension to the GCC gas network, by integrating the gas lines between them with the GCC electricity grid network, and then connecting it to Kuwait... More


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Qatar

Impending Barzan Launch, FIFA 2022 Capital Spend 'Positive' for Qatar Growth
17/01/2019 05:25 GMT

The impending launch of the long-awaited Barzan Gas Field development together with capital spending related to the hosting of the 2022 FIFA World Cup will be “positive factors” for Qatar’s growth,... More


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Saudi Arabia

Saudi Minister Visits UAE N-Plant
17/01/2019 07:44 GMT

Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources of the Kingdom of Saudi Arabia, has expressed his appreciation of the significant development of the Barakah Nuclear... More


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UAE

Saudi Minister Visits UAE N-Plant
17/01/2019 07:44 GMT

Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources of the Kingdom of Saudi Arabia, has expressed his appreciation of the significant development of the Barakah Nuclear... More


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Yemen

Yemen Oil Refinery Fire Spreads to 2nd Storage Tank
13/01/2019 09:09 GMT

A fire at a Aden Refinery in Yemen's southern port city of Aden spread to a second storage tank on Saturday, injuring six people, sources at the refinery said. They told Reuters that civil defense... More


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General News

Oil Seen Hovering Around US$65-US$70 through 2023
17/01/2019 05:19 GMT

Oil prices are expected to oscillate close to current levels well into the next decade, averaging around US$65-US$70 per barrel through 2023, according to an annual survey of energy professionals... More


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