Algeria's Sonatrach, Saipem Agree to End Disputes
15/02/2018 05:10 GMT

Algeria's state energy firm Sonatrach and Italian oil firm Saipem SPMI.MI signed an agreement on Wednesday to end their legal disputes over four gas projects, company executives said, paving the way... More

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Bahrain-Georgia Ties Reviewed
18/02/2018 10:03 GMT

Bahrain Tourism and Exhibitions Authority (BTEA) Chief Executive Officer Shaikh Khaled bin Humood Al-Khalifa received Georgian Ambassador Giorgi Janjgava. He stressed the importance of bilateral... More

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BP Sees Start Up of Its 1st 2018 Major Upstream Project in Egypt
18/02/2018 09:36 GMT

BP saw the start of gas production from its Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule... More

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Majlis Approves Allocation of Facilities to Private Sector
18/02/2018 10:36 GMT

Iranian Majlis members have approved Paragraph 2 of Note 4 of Single Article of 1397 (March 2018-19) Budget Bill in an open session on 17 February. Accordingly, MPs have agreed on the allocation of... More

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Jordanian Ministers Urge Truck Entry to Iraq
18/02/2018 05:30 GMT

Jordan’s Minister of Municipalities, Walid Al-Masri, and Minister of Industry and Trade, Yarub Al-Qudah, have met representatives of the chambers of industry and commerce and members of the Jordan... More

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Kuwaiti Firm to Sign Agreement on Duqm Refinery Stake
15/02/2018 11:09 GMT

Kuwait Petroleum International (KPI) will sign an agreement Thursday to acquire 50% share of Oman’s Duqm refinery, said oil Minister Eng Bakheet Al-Rashidi. In a statement to KUNA, Minister... More

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Libya Makes Small Appearance in Hess’ Capex
04/02/2018 10:14 GMT

Hess Corporation released its 2018 E&P capital and exploratory budget which amounts to US$2.1 billion, the same as 2017.While the majority of the company’s capex will be spent outside of Africa, one... More

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Omani-Australian JV Grabs License for Copper-Gold Project
18/02/2018 09:55 GMT

Adding to the flurry of copper-gold projects that have made headway in their development in recent weeks, Australian mineral exploration firm Alara Resources has announced that it has been granted a... More

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Qatar & Turkey to Boost Tourism Ties
18/02/2018 08:45 GMT

Qatari business leaders and the visiting members of a Turkish delegation headed by president of the Middle East Tourism and Travel Agencies Association (OTSAD) Hussain Arif held a meeting at Qatar... More

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Saudi Arabia

Russian Fund Builds Investors Pool for Saudi Aramco IPO
18/02/2018 07:36 GMT

The Russian Direct Investment Fund (RDIF) has pledged to set up a "significant" pool of investors for the potential US$100 billion initial public offering (IPO) by Saudi Arabian state oil major... More

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Dubai-Based Careem Buys RoundMenu, Plans Food Delivery Service
18/02/2018 09:38 GMT

Careem, a ride-hailing company in the Middle East, said has acquired RoundMenu, an online restaurants platform, and plans to start trialing food delivery services through platform this month, a... More

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Yemeni President Names New Central Bank Governor
12/02/2018 08:16 GMT

Yemen’s President Abd Rabbuh Mansur Hadi appointed former finance minister Mohammed Zammam as head of the central bank, the state-run Saba news agency reported on Sunday. Yemen has been divided by... More

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General News

OPEC Widened Tent Would Still be Built on Sand
18/02/2018 08:16 GMT

OPEC wants to expand its tent. United Arab Emirates energy minister Suhail al-Mazroui said on Thursday that the group of oil-exporting countries was trying to extend its alliance on production... More

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