Algiers-Paris Cooperation for Urban Rehabilitation proposed
08/02/2016 10:06 GMT

The ways to strengthen cooperation between the province of Algiers and the city of Paris in matters of urban rehabilitation were broached, Sunday, during meetings between the officials of the two... More

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Bigger Utility Bills to Hit Expats, Industries in Bahrain
08/02/2016 06:17 GMT

All expatriates, large companies and industries will be affected by the higher tariffs for water and electricity which will start to take effect from March 1. Bahrainis are exempted from the new... More

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Italy to Boost Egypt Energy Projects
07/02/2016 10:00 GMT

Italy will upgrade the Middle East Oil Refinery (Midor) in Egypt and support building a complex for petrochemical industries in Ain Sokhna, a report said. It will update a number of combined-cycle... More

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Vitol's Business with Iran Returns to Normal
08/02/2016 10:06 GMT

The world’s largest independent oil trader said it’s "business as normal" with Iran as Vitol Group BV confirmed it has already bought oil from the country after the end of economic sanctions. “We’ve... More

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Kurdistan to Pay Only Partial Salaries Due to Weak Oil
08/02/2016 05:40 GMT

The Kurdistan Regional Government (KRG) has announced that it will pay only partial salaries to all government employees except security personnel, as it struggles with an economic crisis due to low... More

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Kuwaiti EQUATE in Talks to Refinance Bridge Loan
08/02/2016 07:11 GMT

Kuwait's EQUATE Petrochemical Co is in talks with banks to refinance a US$6 billion bridge loan that it secured last year and was partly used to fund the acquisition of petrochemical company... More

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Pipeline Attacked in Libya
07/02/2016 09:06 GMT

Libya saw a pipeline south the Zueitina port damaged in an attack. While it is unclear as to whether the attack was carried out by ISIS militants, the group has been playing havoc on the country’s... More

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Oman Loses Billions in Revenue on Weak Oil in 2015
08/02/2016 08:23 GMT

Oman lost US$14 billion worth of revenues in 2015 compared to a year earlier due to low oil prices, official statistics show. The government produced around 981,000 barrels of crude oil per day last... More

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Qatari, Saudi Economy Ministers Meet
08/02/2016 10:03 GMT

Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed Al Thani met today in Riyadh with Saudi Minister of Economy and Planning Adel bin Mohammed al-Faqih. During the meeting they... More

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Saudi Arabia

Bertin Grabs Gas Leak Detection Job at Saudi Refinery
08/02/2016 10:27 GMT

Bertin Technologies will supply, install and commission a pioneering gas leak tracking system at the Saudi Aramco-owned Jazan Oil Refinery in a contract awarded by Petrofac. The Second Sight... More

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UAE-Based OCB Oilfield Services Acquires Kuiper International
08/02/2016 10:21 GMT

Gulf Capital, an Abu Dhabi-based alternative investment firm, said its portfolio company OCB Oilfield Services has acquired 100% of Kuiper International, a dominant player in the offshore... More

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Petsec Energy Acquires Production License in Yemen
07/02/2016 06:44 GMT

Australia's Petsec Energy Ltd has advised a further significant expansion of its oil and gas interests in Yemen with the acquisition of entities holding the entire (100%) participating interest... More

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General News

Oil Dips as KSA, Venezuela Meeting Ends in No Agreement
08/02/2016 08:01 GMT

Crude oil futures were mixed in early Asian trade on Monday after a meeting between OPEC producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be... More

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