Algeria Not Alone, OPEC's Ailing Brothers Under Serious Threat
18/03/2019 08:46 GMT

Algeria’s deepening political crisis has made its future oil production extremely uncertain. So, ignominiously, it is now the latest OPEC member to have become so vulnerable that it forms part of the... More

More Algeria News


Bahrain ‘Keen to Develop Oil Sector’
19/03/2019 08:40 GMT

Bahrain is looking to make use of carbon dioxide produced by Saudi Aramco for injection into the Bahrain Field to increase output when extracting oil, it has emerged. Oil Minister Shaikh Mohammed bin... More

More Bahrain News


Egyptian Pound Appreciates to Highest in over 2 Years
18/03/2019 08:44 GMT

The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country. The currency was trading at 17.34 to the dollar on Sunday, up... More

More Egypt News


Iran Recovers 1.5 Tcm of Natural Gas from South Pars
19/03/2019 08:26 GMT

Managing Director of the Pars Oil and Gas Company (POGC) Mohammad Meshkinfam at the official inauguration ceremony of SP Phase(s) 13 and SP Phase(s) 22-24 said that US$11 billion have been invested... More

More Iran News


Water Woes Hit Henna Plant Farms in Iraq's Fao Peninsula
19/03/2019 04:37 GMT

In southern Iraq, where the Euphrates and Tigris rivers meet, the Fao peninsula was once known for its swathes of henna plants and palm trees. But the lush greenery of this Basra province district... More

More Iraq News


Kuwait National Petroleum Co. Preparing to Add Coking Unit
19/03/2019 07:46 GMT

The Kuwait National Petroleum Company (KNPC) is preparing to add a 37,000 bpd coking unit during the third quarter of this year as part of the clean environmental fuel project, reports Al-Jarida... More

More Kuwait News


Libya to Restart Petchem Plant by Mid-April
17/03/2019 05:54 GMT

The Ras Lanuf Oil and Gas Processing Company (RASCO), a subsidiary of Libya’s state-owned oil company NOC, will see a restart of its polyethylene plant by mid-April. The plant had suspended... More

More Libya News


Agreement Signed to Support Shell’s Integrated Gas Project in Oman
19/03/2019 07:44 GMT

Qais bin Mohammed al Yousef, Chairman of the Board of Directors of Oman Chamber of Commerce and Industry (OCCI) and Chris Breeze, Shell Oman’s Country Chairman have signed a Memorandum of... More

More Oman News


Qatari Milaha to Open New Shipping Routes
19/03/2019 07:44 GMT

Milaha has embarked on a multi-pronged strategy, which includes opening new shipping routes, especially into Europe and selected South East Asian markets this year, as part of its efforts to further... More

More Qatar News

Saudi Arabia

India's Tata to Provide Digital Support to Offshore Driller Seadrill in UAE, KSA
19/03/2019 07:44 GMT

Tata Consultancy Services (TCS), the India-based global lT services and consulting major, has revealed it has been selected by offshore drilling company Seadrill to transform and maintain its global... More

More Saudi Arabia News


Emirates National Oil Co. to Offer over 200 Jobs at UAE Career Expo
19/03/2019 09:52 GMT

Enoc Group (Emirates National Oil Company), a wholly owned unit of the government of Dubai, as part of its commitment towards human capital development, will offer over 200 job opportunities across... More

More UAE News


Yemen's Energy Revival Plan Leaves Analysts Skeptical
06/03/2019 05:21 GMT

Yemen has announced plans to generate 32% of revenues from oil and natural gas this year in its first detailed budget since 2014. But analysts are skeptical about the country's goal of enticing more... More

More Yemen News

General News

Oil Prices Hover Close to 2019 Highs on OPEC Output Cuts, US Sanctions
19/03/2019 09:55 GMT

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although traders... More

More General News