Algeria

Vitol Inks Deal with Algeria’s Sonatrach
17/01/2018 08:10 GMT

Algeria's state energy company Sonatrach said it has signed a deal with oil trader Vitol to send crude abroad for refining as the country seeks to reduce a record fuel import bill. CEO Abdelmoumen... More


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Bahrain

Malaysia's Belfrics Plans Bitcoin Exchange in Bahrain
17/01/2018 10:42 GMT

Malaysia-based Belfrics Global is gearing up to open and operate a cryptocurrency exchange in Bahrain, which will be a first for the Mena region. This follows the cryptocurrency technology provider... More


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Egypt

Saudi Acwa Power Awards Egypt PV Power Plants Deal
17/01/2018 10:11 GMT

Acwa Power, a leading developer of power and water desalination projects, has awarded an EPC (engineering, procurement and construction) contract to China’s Chint Group for three solar photovoltaic... More


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Iran

Zanganeh Reports Iran Oil Contracts, Finance Shortages to Majlis Commission
17/01/2018 08:41 GMT

The Spokesman of the Majlis Energy Commission Asadollah Gharehkhani explained about the meeting of the commission with the Oil Minister Bijan Zanganeh held on 16 January. In the meeting, the minister... More


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Iraq

Chevron to Resume Kurdistan Drilling
17/01/2018 08:12 GMT

Chevron will resume oil and gas drilling operations at the Sarta 3 block in Iraqi Kurdistan "in the near future", a company spokeswoman said in an email. The San Ramon, California-based company... More


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Kuwait

Shaza Hotels Signs First Mysk Property in Kuwait
17/01/2018 10:42 GMT

Luxury hotel brand Shaza Hotels has announced the signing of its first Mysk Hotel in Kuwait. The new property, situated opposite the Messilah beach district on the south coast of Kuwait City, and... More


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Libya

Mellitah Looking to Pre-Qualify for Libya Tender
16/01/2018 11:02 GMT

In Libya Mellitah Oil & Gas has invited local & foreign specialized companies to pre-qualify for a tender for the overall integrated power management system (OIPMS) at the Mellitah Complex. The... More


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Oman

China Biggest Importer of Oman's Oil in December 2017
17/01/2018 05:24 GMT

Oman’s production of crude oil and condensate in December 2017 amounted to 29.975 million barrels, averaging 966,952 barrels per day, according to the monthly report of the Ministry of Oil and Gas.... More


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Qatar

Qatar Airways to Showcase Qsuite at Kuwait Aviation Show 2018
17/01/2018 06:13 GMT

Qatar Airways will participate in the inaugural Kuwait Aviation Show 2018, where it will display the Boeing 777 fitted with its award-winning, revolutionary new Business Class seat, Qsuite. The show,... More


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Saudi Arabia

Saudi Aramco Exhibits Technologies, Initiatives at Abu Dhabi Sustainability Week
17/01/2018 10:44 GMT

Saudi Aramco, alongside other 13 Saudi entities, is participating in the ongoing Abu Dhabi Sustainability Week 2018 in the UAE. The Saudi participation in the event is led by the Ministry of Energy,... More


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UAE

Saudi Aramco Exhibits Technologies, Initiatives at Abu Dhabi Sustainability Week
17/01/2018 10:44 GMT

Saudi Aramco, alongside other 13 Saudi entities, is participating in the ongoing Abu Dhabi Sustainability Week 2018 in the UAE. The Saudi participation in the event is led by the Ministry of Energy,... More


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Yemen

Yemen Eyes Saudi Cash as Currency Dips
17/01/2018 05:22 GMT

War-torn Yemen said it needs a US$2 billion deposit pledged by key ally Saudi Arabia in November to stabilize a currency that hit new lows this week, pushing its impoverished people closer to... More


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General News

Goldman Sachs Says Oil Prices to Surpass Forecasts
17/01/2018 10:09 GMT

Goldman Sachs said on 16 January that crude oil prices are likely to exceed its forecasts for the coming months due to rising demand and strong compliance to a production cuts. The investment bank... More


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