Algerian Sonatrach Extends Gas Deal with Galp
13/06/2019 08:45 GMT

Algerian energy giant Sonatrach and Portugal's energy company Galp on Tuesday signed an agreement to extend Algerian gas exports to Portugal for 10 additional years, Sonatrach said in a statement. In... More

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Bahrain’s Money Supply Surges
13/06/2019 04:25 GMT

Bahrain’s money supply (M3) increased to BD13.2 billion (US$35.2 billion) at the end of the first quarter (Q1) of this year compared to BD12.4 billion (US$33.1 billion) at the end of Q1 2018,... More

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Tests Under Way to Flow Israeli Gas via EMG Pipeline to Egypt
16/06/2019 05:15 GMT

Tests to flow Israeli gas through the East Mediterranean Gas (EMG) pipeline to Egypt are now under way and are expected to be concluded at the end of this month ahead of the startup of significant... More

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Iran Summons UK Envoy over 'Unfounded' Tanker Accusations
16/06/2019 05:25 GMT

Iran on Saturday summoned the British ambassador to Tehran after London blamed it for attacks on oil tankers in the Gulf of Oman, the semi-official Students News Agency ISNA reported, a claim denied... More

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US Allows Iraq to Import Iranian Gas for 3 More Months
16/06/2019 05:09 GMT

The United States has allowed Iraq to import Iranian gas ( Gas Exports to Iraq ) for its power grid for another three months by extending a waiver to sanctions - but insists that Baghdad seek... More

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London to Host Key Business Conference on Kuwait
16/06/2019 04:40 GMT

As part of its economic and business coverage of Kuwait, The Business Year (TBY) is organizing a business conference, in partnership with Kuwait Direct Investment Promotion Authority (KDIPA), to... More

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Libyan Oilfield Fire Adds to Oil Outages in Iran, Venezuela
13/06/2019 04:22 GMT

The Sarir oilfield in Libya’s Sirte basin has seen its oil production drop by 30,000 bpd since June 9 when a fire broke out in a power generator due to high temperature, Libya’s National Oil... More

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W Muscat Officially Opens
16/06/2019 04:38 GMT

Hospitality giant Marriott International has marked the official opening of W Muscat, the latest addition to its hospitality portfolio in the Middle East. Developed by Oman Tourism Development... More

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Qatar, Roscongress Foundation Pen MoU
16/06/2019 04:35 GMT

Qatar Chamber and the Roscongress Foundation have signed a co-operation agreement to outline partnership plans to build effective links between the business communities of Qatar and Russia. The... More

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Saudi Arabia

Sinopec to Substitute Iran Crude with Saudi Grades: Executive
16/06/2019 05:07 GMT

China's Sinopec plans to substitute Iranian crude with that of grades from Saudi Arabia and other origins in the Persian Gulf, even as scope of more purchases from the US was limited due to the... More

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Italian Energy Firms to Play Key Role at Abu Dhabi Congress
16/06/2019 04:38 GMT

The Italian energy sector looks set to play a key part in European participation at the 24th World Energy Congress, to be held in Abu Dhabi, UAE, later this year, following a recent visit to the... More

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UAE Signs Yemen Power Plant Deal
13/06/2019 09:04 GMT

The UAE has signed an agreement to build a US$100 million power plant in the southern Yemeni city of Aden, the state-run news agency WAM reported on Wednesday. The deal was signed between the Khalifa... More

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General News

OPEC Crude Oil Production in May 2019
16/06/2019 05:13 GMT

According to OPEC monthly report in May 2019, the total OPEC-14 crude oil production averaged 29.88 million barrels per day (bpd), lower by 236 tb/d m-o-m. Crude oil output decreased mostly in IR... More

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