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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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