24/05/2018 10:35 GMT
Algeria aims to achieve self-sufficiency in fuels by the end of 2019 at the latest, Abdelmoumen Ould Kaddour, the CEO of state-run energy giant Sonatrach said Wednesday.
The company will finish...
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24/05/2018 10:59 GMT
Bahrain authorities said work on the Bandar Al Dar jetty in the Sitra governorate is progressing at a steady pace with more than 85% of the scheme already completed, said a report.
Maintenance...
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23/05/2018 05:00 GMT
Arabtec, a leading contractor for social and economic infrastructure, has announced that its wholly-owned subsidiary, Arabtec Construction has won a Dh157 million (US$42.7 million) contract to...
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24/05/2018 10:08 GMT
The sale of private equity firm Arclight's North Sea Midstream Partners (NSMP), an oil and gas pipeline firm, could be hit by renewed U.S. sanctions on Iran, financial sources said, as one of its...
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24/05/2018 10:53 GMT
The UK’s Serious Fraud Office (SFO) has brought further charges against two individuals facing trial in relation to the Unaoil investigation.
Basil Al Jarah and Ziad Akle have both been charged with...
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24/05/2018 10:10 GMT
A Kuwait Petroleum Corporation-owned firm plans to borrow up to US$2.6 billion from banks and export credit agencies to build a liquefied natural gas import terminal, banking sources said.
Kuwait...
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24/05/2018 09:29 GMT
Production at Libya's 5,000 barrels per day (bpd) Raguba oilfield was unaffected by a "minor distribution delay", the National Oil Corporation (NOC) said on Wednesday.
"National Oil Corporation...
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24/05/2018 10:39 GMT
Oman Arab Bank, a unit of Ominvest, and Alizz Islamic Bank are exploring a merger, the two banks said on Thursday, joining an increasing trend among GCC banks to consolidate. Alizz Islamic said its...
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24/05/2018 04:13 GMT
The development of Al Wakrah Stadium in Qatar – a proposed 2022 Fifa World Cup tournament venue – has taken a major step forward with the installation of the final piece of the roof...
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24/05/2018 10:18 GMT
Saudi Aramco has awarded a contract for a permanent communications system serving its Haradh Increment to Networks & System Integration as part of Aramco’s Gas Compression Program in Haradh and...
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24/05/2018 10:02 GMT
Egis, an international group offering engineering, project structuring and operations services, has been awarded a project management consultancy (PMC) contract for the development of the UAE railway...
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15/05/2018 07:17 GMT
Yemen’s armed Houthi movement launched a ballistic missile at a Saudi Aramco facility in Saudi Arabia’s southwestern Jizan province on Monday, the group’s al-Masirah TV reported, but a Saudi-led...
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24/05/2018 04:13 GMT
Oil prices edged lower on Wednesday (23 May) with the possibility of higher OPEC output weighing on the market, although geopolitical risks are expected to keep prices near multi-year highs.
Brent...
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