Algeria

Exxon's Talks to Tap Algeria Shale Gas Falter Due to Unrest
21/03/2019 07:38 GMT

Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of unrest, industry sources said, the first economic fallout from the almost... More


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Bahrain

Emirati, Bahraini Carriers Sign Codeshare Deal
20/03/2019 10:43 GMT

UAE's Etihad Airways and Gulf Air, the national airline of Bahrain, have signed a codeshare partnership. The announcement follows the signing of a Memorandum of Understanding (MOU) between the two... More


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Egypt

Suez Canal Economic Zone Has Projects Planned until 2030: Officials
21/03/2019 07:24 GMT

The new Suez Canal Economic Zone has a series of investments planned with a view to providing the necessary infrastructure required to attract potential investors into the space. The General... More


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Iran

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


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Iraq

UNDP Restoring Homes in Mosul
21/03/2019 06:40 GMT

The United Nations Development Program (UNDP) is rehabilitating 15,000 houses in West Mosul, bringing the total number of houses in its stabilization portfolio to more than 30,000 – the largest of... More


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Kuwait

Kuwaiti Bank in Partnership with Boodai Aviation
21/03/2019 12:17 GMT

Warba Bank announced a new partnership with Boodai Aviation Group on funding healthcare and medical treatment abroad during a press conference held at The Avenues. This partnership is through the... More


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Libya

Engineer Reports Libyan El Sharara Oil Output
20/03/2019 04:16 GMT

Libya's El Sharara oilfield is pumping around 270,000 barrels a day (bpd) and may add another 20,000 bpd after maintenance on wells has been completed, a field engineer said on Tuesday. The field... More


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Oman

Oman Refutes Reaching Deal to Invest in Sri Lanka Project
21/03/2019 08:14 GMT

Oman's oil ministry on Wednesday denied being part of a US$3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country's... More


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Qatar

Qatar Announces Launch of Energy Bank
21/03/2019 08:28 GMT

Qatar has announced the launch the world’s largest Sharia-compliant ‘Energy Bank’ with a targeted capital of US$10 billion to finance local as well as overseas energy projects. This was announced at... More


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Saudi Arabia

Saudi SABIC Inks Construction Deals with 9 Firms
21/03/2019 07:41 GMT

SABIC, one of the world’s largest diversified petrochemicals companies, recently signed contracts with nine construction contractors where eight of them are based on the Kingdom of Saudi Arabia. The... More


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UAE

Abu Dhabi's Masdar Fits Solar Panels on Antarctic Research Center
21/03/2019 07:49 GMT

Abu Dhabi-based energy giant Masdar and the Australian Antarctic Division (AAD) have successfully installed the first solar panel system at an Australian Antarctic station, it was announced on... More


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Yemen

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


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General News

Oil at 2019 Highs amid OPEC-Led Cuts
21/03/2019 12:15 GMT

Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and US government sanctions against Iran and... More


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