Algeria

Tunisia Negotiating New 10-Year Gas Supply Deal with Algeria
30/03/2020 08:12 GMT

Tunisia and Algeria are negotiating a new contract for the supply of gas to Tunisia for a period from 2020 to 2030, Minister of Energy, Mining and Energy Transition Mongi Marzouk said. The natural... More


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Bahrain

Bahrain-Based GIB Names New Chief Executive Officer
31/03/2020 06:48 GMT

Jamal Al Kishi, Deutsche Bank AG’s chief executive officer for the Middle East and Africa, has quit to join Bahrain-based Gulf International Bank BSC. Al Kishi, who had been with the German lender... More


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Egypt

Call on Banks in Egypt to Limit Withdrawals & Deposits
31/03/2020 04:22 GMT

Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the... More


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Iran

Iran's MOGPC Launches Gas Sweetening Plant
18/03/2020 10:33 GMT

The first phase of a gas sweetening project has been launched at industrial complex No. 3 of Maroun Oil and Gas Production Company (MOGPC). The unit is aimed at sweetening sour gas produced at Asmari... More


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Iraq

China Acquires Stake in Iraq's Umm Qasr Terminal
31/03/2020 08:33 GMT

French container transportation and shipping company CMA CGM, has announced the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to... More


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Kuwait

S&P Affirms Qatar Ratings Despite Weak Oil, Cuts Kuwait Govt. Rating
30/03/2020 06:05 GMT

S&P Global Ratings cut the rating of the government of Kuwait by one notch this week due to the economic and fiscal effects of lower oil prices, but affirmed those of Qatar citing the country's... More


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Libya

Monthly Revenue Plummets: Libya's NOC
29/03/2020 09:01 GMT

National Oil Corporation (NOC) reported February 2020 revenues of approximately US$555 million (US$555,533,750.97), a decrease of around US$1.21 billion (68.6%) on January 2020 revenues. The February... More


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Oman

Oman Oil Price Dips
31/03/2020 08:43 GMT

The Oman Crude was traded at US$23.95 Dubai Mercantile Exchange for May delivery. The crude price witnessed a decrease of US$2.17 compared to Friday’s price of US$26.12. Globally, oil prices fell to... More


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Qatar

Initiative Launched to Empower Qatari Businesses in Times of Crisis
31/03/2020 04:22 GMT

The Qatar Finance and Business Academy (QFBA) has launched an initiative called "Azm" to empower businesses in times of crisis. The initiative aims at training and assisting talented and promising... More


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Saudi Arabia

KSA to Up Oil Exports to New High
31/03/2020 08:46 GMT

Saudi Arabia is to boost exports of crude oil to a record high in a new show of strength on international energy markets. From May, the Kingdom will export about 600,000 more barrels of oil per day... More


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UAE

UAE-Based Dana Gas to Conduct Feasibility Study for Demerger
31/03/2020 07:42 GMT

UAE-based Dana Gas, a top natural gas company, said it would pursue a feasibility study for a potential demerger of its Upstream Business into a new company, which, as part of the demerger, will also... More


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Yemen

Saudi Group Launches Aden Rehabilitation Program
24/03/2020 09:47 GMT

Saudi Development and Reconstruction Program for Yemen (SDRPY) has launched a cleaning, beautification and environmental sanitation campaign that will see collection and removal of up to 9,000 cu m... More


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General News

Brent Futures Dip to 18-Year Low
31/03/2020 06:10 GMT

Brent oil futures with delivery in June 2020 dropped by 12.72% to US$21.76 a barrel on the London-based ICE on Monday, Russian news agency Tass reported. The last time Brent oil futures were below... More


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