Algeria

Algeria's Sonatrach Plans to Develop Onshore, Offshore Gas Fields
25/09/2018 09:58 GMT

Africa’s biggest oil and natural gas producer plans to expand in most areas of the energy industry except for crude, shunning US President Donald Trump’s latest Twitter directive for OPEC members to... More


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Bahrain

Intl. Investments Hike in Bahrain
25/09/2018 05:10 GMT

International investments in Bahrain have reached US$810 million till now this year, a significant increase from US$733 million recorded during the whole of 2017, it has been revealed. The figures... More


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Egypt

Egypt’s Software Piracy Drop & Legal Reforms Boost Foreign Investment
25/09/2018 05:10 GMT

Egypt has seen a 2% drop in its software piracy rate to reach (59%), the U.S.-based Business Software Alliance said in its recent study, released last June. The study revealed that Egypt has managed... More


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Iran

APPEC Analysis: Iran Sanctions May Lift Retail Gasoline Prices in Seoul
25/09/2018 10:33 GMT

The impending re-imposition of US economic sanctions against Tehran will likely block South Korean refiners' access to South Pars condensate going forward, a trade barrier that could lead to higher... More


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Iraq

Comtech Grabs Iraq Deal
25/09/2018 08:44 GMT

Comtech Telecommunications Corp. (Nasdaq: CMTL) announced on Monday that during its first quarter of fiscal 2019, its Orlando, Florida-based subsidiary, Comtech Systems, Inc., which is part of... More


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Kuwait

KPC Chief: Kuwait Has Spare Capacity to Produce Oil
25/09/2018 06:53 GMT

Kuwait currently has around 100,000 b/d of spare capacity to produce crude oil, without including the "divided zone," Nizar M. Al-Adsani, CEO of state-owned Kuwait Petroleum Corp. said at the 34th... More


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Libya

AGOCO Starts Up Abandoned Well in Libya
25/09/2018 05:07 GMT

A subsidiary of Libya’s NOC, AGOCO has restored some of its production. According to NOC, the production was added by restoring an old well on the Messla field. NOC said that its subsidiary restored... More


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Oman

Oman, Iran to Drive Growth for Oil Storage Industry in ME to 2022
25/09/2018 10:29 GMT

Oman and Iran will drive the majority of the growth in the oil storage industry in the Middle East between 2018 and 2022, contributing more oil storage capacity than any other country in the region,... More


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Qatar

Qatar Marks Algiers Agreement Anniversary
25/09/2018 06:49 GMT

The State of Qatar participated in the celebration held on 24 September 2018 in Algiers on the occasion of the second anniversary of the Algiers Agreement, which paved the way for the historic Vienna... More


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Saudi Arabia

Saudi Aramco to Up Production from Khurais
25/09/2018 11:10 GMT

Saudi Arabian Oil Co, known internationally as Saudi Aramco, has announced plans to raise Khurais Oil Field production in the coming two months, CEO and president Amin H. Nasser said. Khurais’ output... More


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UAE

Nakheel Awards Contract for Hitech Jumeirah Leisure Hub
25/09/2018 10:53 GMT

Master developer Nakheel has awarded a contract worth Dh35 million (US$9.5 million) to Dubai-based GBH International Contracting for the construction of a sports, health and leisure hub at the... More


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Yemen

Yemen Central Bank Takes Steps to Face Currency Crisis
11/09/2018 10:33 GMT

The Governor of the Central Bank of Yemen, Dr. Mohammed Mansour Zammam, said on Monday that a number of steps have been taken to ease pressure on currency markets and provide basic commodities to... More


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General News

Oil Hits 4-Year High after OPEC+ Shows No Sign of Turning on Taps
25/09/2018 10:56 GMT

The oil price shot to its highest in four years on Tuesday, catapulted by upcoming U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the... More


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