Algeria

CHEC Grabs Algerian Sonatrach Deal
22/01/2019 10:25 GMT

China Harbor Engineering Company (CHEC) signed on Monday in Algiers a contract worth 445 million US dollars with state-owned corporation Sonatrach for port installations in eastern Algeria, APS news... More


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Bahrain

JLanka to Invest in Bahrain Renewable Energy Sector
22/01/2019 10:29 GMT

Sri Lanka-based JLanka International, a premier solar and renewable energy technology solutions provider, has announced an investment of up to US$10 million within the coming five years in Bahrain’s... More


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Egypt

Minister: Egypt to Invest In Refineries Upgrade over 4 Years
22/01/2019 08:43 GMT

Egypt plans to upgrade six oil refineries at a cost of about US$9 billion over four years to increase domestic production to 41 million tons a year, the petroleum minister said. "We are trying to... More


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Iran

Iranian Official Names New Head for Document Assessment Commission
22/01/2019 10:31 GMT

Acting Head of Human Resources at the Oil Ministry Farzin Minou has issued a decree through which he appointed Meysam Rafi-Parhizkar as the Head of Document Assessment Commission of the Oil Ministry.... More


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Iraq

Iran Opens Permanent Expo Center in Baghdad
22/01/2019 07:55 GMT

Iran’s permanent exhibition, marketing, and exports center was inaugurated in the Iraqi capital on Monday. Iran’s deputy ambassador in Iraq Mousa Alizadeh Tabatabaei, Iraq’s Deputy Trade Minister... More


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Kuwait

Kuwaiti Minister Sees Oil in US$55-US$65 Range
22/01/2019 09:20 GMT

Major oil producer Kuwait on Monday (21 January) announced a state budget for the year ending on March 31, 2020, projecting a 4.7% rise in spending to 22.5 billion dinars (US$74.15 billion) to drive... More


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Libya

Libyan National Army Moves to Secure Southern Oilfields
17/01/2019 11:54 GMT

An offensive was launched in southern Libya by eastern forces loyal to commander Khalifa Haftar to secure oil and gas facilities and fight extremists. Haftar leads the Libyan National Army (LNA),... More


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Oman

Oman Drydock Posts Jump in Ship Repair Orders
22/01/2019 05:44 GMT

Oman Drydock Company (ODC) — a subsidiary of the government’s logistics development arm ASYAD Group — handled a total of 130 vessels at its ship repair yard in Duqm last year, which was 30% higher... More


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Qatar

Qatari Emir to Attend Beirut's Arab Economic Summit
20/01/2019 07:57 GMT

Qatar’s emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. Lebanese President Michel Aoun’s... More


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Saudi Arabia

Metito Consortium Grabs Major Saudi Deal
22/01/2019 10:31 GMT

A consortium led by UAE-based Metito Group, a leader in total intelligent water management solutions in emerging markets, has been awarded a contract by the Saudi government to set up the country's... More


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UAE

Metito Consortium Grabs Major Saudi Deal
22/01/2019 10:31 GMT

A consortium led by UAE-based Metito Group, a leader in total intelligent water management solutions in emerging markets, has been awarded a contract by the Saudi government to set up the country's... More


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Yemen

UAE Supports Energy Sector in Hadramaut, Yemen
22/01/2019 08:43 GMT

The Emirates Red Crescent, ERC, delivered an electric generator to Thamud Directorate in Hadramaut, Yemen, to support the energy sector and solve the power outage crisis for residents. The gesture is... More


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General News

Novak: Russia Committed to OPEC Output Cuts
22/01/2019 10:27 GMT

Russia is committed to its pledges on oil output cuts, Energy Minister Alexander Novak said on Monday (21 January), after criticism from Saudi Arabia. Last week, Saudi Energy Minister Khalid... More


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