Algeria Keen on Share in EU Gas Market
21/03/2018 10:31 GMT

Algeria aspires to acquire a share in the European gas market with the full support from the EU and the United States as it seems, in an effort of the EU and the U.S. to find alternative sources of... More

More Algeria News


Bahraini Minister Inks Agreement to Utilize Solar Energy
21/03/2018 11:08 GMT

Electricity and Water Affairs Minister Dr. Abdulhussain Mirza signed an agreement with the Jaffariya Endowment Authority for the Solar One Company to provide places of worship and Waqf properties... More

More Bahrain News


Shell to Start Gas Output from West Nile Delta’s Phase 9B
20/03/2018 11:05 GMT

Shell will start producing gas from the next phase of its West Nile Delta deepwater concession, Phase 9B, in Egypt. Shell gained operatorship of the concession when it acquired BG in 2016. The NGT1... More

More Egypt News


Iran to Award Billions Worth of Oil Projects to Local Contractors in 2018
19/03/2018 10:01 GMT

Iranian Minister of Petroleum Bijan Zanganeh said over US$6 billion worth of oil contracts will be signed with local E&P, EPC and drilling companies next calendar year (March 2018-19). Addressing a... More

More Iran News


Refineries Offered for Investment in Iraq
20/03/2018 10:44 GMT

Iraq’s Ministry of Oil has invited international companies to bid for three new oil refineries, to be build on BOOT or BOO bases: 1.Kut, in Wasit governorate, with a capacity of 100,000... More

More Iraq News


Kuwait Mulling New Mega Airport
21/03/2018 09:21 GMT

Kuwait is considering building a new US$12-billion world-class mega airport to meet the rapid growth in air traffic, a senior official said. Directorate general of civil aviation Sheikh Salman Sabah... More

More Kuwait News


Loadings at Libyan Oil Export Port Halted Due to Strike
14/03/2018 06:20 GMT

All loadings at the Libyan oil export port of Zawiya have stopped due to a strike, a Libyan website said. "All sea operations of loadings have been stopped at Zawiya oil port by the operators... More

More Libya News


Oman's Orpic Planning Intl. Offices
21/03/2018 09:11 GMT

Oman Oil Refineries and Petroleum Industries Co (Orpic) is planning to open international representative offices in four countries to promote its products in global markets. “From Oman, and through... More

More Oman News


Aisus in Agreement with NOC on Qatari Field
21/03/2018 11:32 GMT

Scotland-based Aisus has revealed its first major contract in the Middle East on Qatar's Al Shaheen Oil Field with North Oil Company (NOC). The six-figure agreement marks a significant milestone for... More

More Qatar News

Saudi Arabia

First Abu Dhabi Bank Nets Saudi Commercial Banking License
21/03/2018 08:30 GMT

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has secured a license from the Saudi Arabia Monetary Authority (Sama) to establish a... More

More Saudi Arabia News


Abu Dhbai Awards PetroChina Stakes in 2 Offshore Concessions
21/03/2018 09:09 GMT

Abu Dhabi National Oil Company (ADNOC) said it had signed 40-year agreements with China National Petroleum Corporation granting its subsidiary PetroChina a 10 % stake in the Umm Shaif and Nasr... More

More UAE News


Petsec Energy Completes Acquisition of Yemen Permit
20/03/2018 08:49 GMT

Petsec Energy Ltd has completed the acquisition of a 40% working interest in the Al Barqa ( Yemen Block 7 ) license and operatorship in the Republic of Yemen. Block 7 is an onshore exploration permit... More

More Yemen News

General News

Oil Climbs to March High on Mideast Tensions
21/03/2018 08:38 GMT

Oil rose on Tuesday to its highest level so far this month, lifted by tension in the Middle East and the possibility of further falls in Venezuelan output. Brent futures were up 98 cents at US$67.03... More

More General News