28/11/2021 10:28 GMT
Italy’s Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe.
Europe’s biggest gas...
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28/11/2021 05:43 GMT
Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over 200 million euros in damages plus costs to two Iranian banks for the unlawful expropriation of their banking...
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28/11/2021 10:33 GMT
Egypt and Israel have signed a memorandum of understanding to consider the possibility of increasing Israeli gas supplies to Egypt with the aim of re-exporting and using the pipeline between the two...
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28/11/2021 10:28 GMT
The chairman of the board of directors of the Society of Iranian Oil Industry Equipment Manufacturers (SIPIEM) said 40% of the production capacity of the SIPIEM is not being employed, adding:...
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28/11/2021 09:50 GMT
The Iraqi Ministry of Oil has officially established the new Basra Energy Company (BECL), which will be the main contractor at the giant Rumaila Oil Field , under a Technical Service Contract...
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28/11/2021 06:59 GMT
The UAE and Kuwait said they would support any collective OPEC+ decision made on oil production levels, amid market discussion that the group could offset a US-led multi-country strategic petroleum...
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28/11/2021 09:27 GMT
Libyan oil production is again expected to fall as some of the Waha oil fields will be offline due to pipeline maintenance, sources close to the matter said Nov. 25. The pipeline that connects the...
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28/11/2021 09:24 GMT
Oman-based Sohar International Bank and Bank Nizwa are considering a merger, according to Al-Arabiya. Bank Nizwa’s board welcomed the proposal from Sohar International on Nov. 25 to study the idea of...
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28/11/2021 09:34 GMT
Minister of Commerce & Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, met with Minister of Trade of the Republic of Turkey H E Dr. Mehmet Muş, on the sidelines of the 37th session of the...
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28/11/2021 10:47 GMT
The Saudi Steel Pipe Company has won orders worth SR52.4 million (US$13.96 million) to supply steel pipes for oil and gas to Uruguay-based Tenaris Global Services.
The supply contract will run for...
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28/11/2021 09:50 GMT
UAE President HH Sheikh Khalifa bin Zayed Al Nahyan has approved a wide-ranging reform of the country’s legal system, which aims to strengthen economic, investment and commercial opportunities, in...
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21/11/2021 05:56 GMT
Yemen's Iran-aligned Houthi movement said on Saturday it had fired 14 drones at several Saudi Arabian cities, including at Saudi Aramco facilities in Jeddah.
The Saudi-led coalition battling the...
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28/11/2021 10:40 GMT
OPEC expects an oil release from major consumer nations' reserves led by the United States to swell a surplus in oil markets by 1.1 million barrels per day (bpd), a source from the group said.
The...
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