LNG & Algerian Gas Compete for Southern Europe
27/07/2017 04:22 GMT

European LNG supply has risen to the highest in recent years, but when looking at the breakdown of sendout by country it is much too early to call it a “wave”. The increase so far this summer has... More

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Bahrain to Partake in 2017 India International Food Fair
27/07/2017 05:39 GMT

A delegation from the Bahrain Chamber of Commerce and Industry (BCCI), businessmen and investors will participate in the 2017 India International Food Fair to be held in New Delhi on 3-5 November.... More

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Traders: Qatar Turns Down New LNG Deals with Egypt
27/07/2017 05:10 GMT

Qatar has turned down several requests by third-party traders to make fresh liquefied natural gas (LNG) supplies available to Egypt, raising concerns that a diplomatic row between the countries may... More

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Iran & Ukraine Agree to Facilitate Visa Issuance
27/07/2017 04:53 GMT

Iranian and Ukrainian consular delegations in a meeting in Kiev agreed to facilitate visa issuance process. During the meeting on Monday, both sides stressed on the importance of holding consular... More

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Basra Heavy Cargo Sold at Dubai Mercantile Exchange
27/07/2017 05:04 GMT

Dubai Mercantile Exchange hosted its latest auction on Wednesday, on behalf of Iraq’s National Oil Company (SOMO). The 2-million barrel cargo of Basra Heavy was awarded at a premium of US$1.37 per... More

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Kuwait Finance House Planning Expansion to China, Egypt
26/07/2017 09:41 GMT

Kuwait Finance House, the GCC's10th-largest lender, is considering expanding into China and Egypt as the region’s banking sector nears saturation, its chief executive officer said. The bank, known as... More

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Libya Hoping to Grow Oil Output
26/07/2017 09:55 GMT

Libya’s oil production is 1.069 million bpd, and the country hopes to grow its output to as much as 1.25 million bpd this year, a source close to production said. This would be the first time since... More

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Oman’s New Power Project to Start Operation in Jan 2018
27/07/2017 04:30 GMT

A new natural gas-fired power project (Salalah II), which is owned by the Dhofar Generation Company (DGC), will start power generation from its 445 megawatt-capacity plant in January 2018. A... More

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North Oil Co. Loads 1st Oil Tanker from Qatari Field
27/07/2017 07:51 GMT

Further to the taking over of the operatorship of Al Shaheen oil field on July 14, North Oil Company (NOC) “safely and successfully” loaded the first tanker of crude oil. “I am delighted that... More

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Saudi Arabia

Saudi Aramco to Complete Phase 1 of MGS Expansion by 2017-End
27/07/2017 05:14 GMT

Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year, the company said in its weekly magazine, part of an effort to meet the... More

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Minister: Others Should Follow UAE’s Lead in Cutting Allocations
27/07/2017 08:50 GMT

Abu Dhabi National Oil Company's (ADNOC) decision to cut crude allocations by 10% for September can become a model for other national oil companies inside and outside OPEC to achieve market... More

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ICD & TIIB Enter into Partnership to Support BRAVE Project in Yemen
14/06/2017 08:21 GMT

The Islamic Corporation for the Development of the Private Sector (ICD) (, the private sector arm of IDB Group, and Tadhamon International Islamic Bank (TIIB) ( have... More

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General News

MENA Plans Major Investment in Renewables
27/07/2017 05:37 GMT

The Middle East and North Africa (MENA) region is embarking on a massive program to develop renewable energy, that will require more than US$200 billion in investment, a report said. More than 67GW... More

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