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,...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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