Algeria

Qatari Energy Minister Meets Algerian PM
28/09/2016 11:02 GMT

Algeria's Prime Minister Abdelmalek Sellal met here today with Qatar's Minister of Energy and Industry HE Dr. Mohammed bin Saleh Al-Sada, on the sidelines of the 15th International Energy Forum... More


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Bahrain

Bahraini Investcorp to Distribute US$700 Million to Investors
28/09/2016 10:01 GMT

Investcorp, a leading provider and manager of alternative investment products, today announced projected investment distributions of over US$700 million to investors (including itself) in the first... More


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Egypt

BP Pens 3 Concession Amendments with Egypt
28/09/2016 04:47 GMT

BP has signed amendments to the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt, allowing for the development of the Nooros field, the company said on Tuesday. "BP is proud to... More


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Iran

Iran to Hold First IPC Tender for South Azadegan: Kardor
28/09/2016 10:54 GMT

Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said that IOCs have not yet sent the documents that Iran had demanded. He added that a formal call will be published regarding... More


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Iraq

Minister Urges Investment in Iraq’s Nasiriya Refinery
28/09/2016 04:50 GMT

Oil Minister Jabar Ali al-Luaibi (Allibi) has called for local and international companies to invest in the Nasiriya Refinery project in Thi-Qar province. He also called the concerned authorities to... More


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Kuwait

Algerian Premier Discusses Oil Market Stability with Kuwaiti Deputy PM
28/09/2016 10:54 GMT

Prime Minister Abdelmalek Sellal expressed, Tuesday in Algiers during his discussions with Kuwait's Deputy Prime Minister, Minister of Finance and Acting Minister of Oil Anas Khaled Al-Saleh, the... More


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Libya

Libya's AGOCO Ups Crude Production
27/09/2016 05:27 GMT

Libya's AGOCO has raised its production to 261,000 barrels per day (bpd), 50,000 bpd higher than its output last week, spokesman Omran al-Zwai said on Monday. AGOCO, a subsidiary of the National Oil... More


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Oman

SEZAD Pens Deal for Oman’s Al Duqm City Planning Consultancy
28/09/2016 11:11 GMT

The Special Economic Zone Authority of Al Duqm (SEZAD) has named WS Atkins International as the winner of its contract for the provision of consultancy services for the ‘Detailed Master Planning,... More


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Qatar

Qatari Energy Minister Meets Algerian PM
28/09/2016 11:02 GMT

Algeria's Prime Minister Abdelmalek Sellal met here today with Qatar's Minister of Energy and Industry HE Dr. Mohammed bin Saleh Al-Sada, on the sidelines of the 15th International Energy Forum... More


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Saudi Arabia

OTC Will be Game-Changer: Saudi Aramco CEO
28/09/2016 10:06 GMT

The region needs to focus on oil-to-chemicals (OTC) processes, so that it can eventually bypass the refining step and convert crude oil directly into petrochemicals, a sector which has tremendous... More


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UAE

UAE, New Zealand to Enhance Economic Relations
28/09/2016 10:18 GMT

The UAE and New Zealand have discussed moves to enhance cooperation and economic relations between the two countries, especially across vital sectors and areas like renewable energy, agriculture,... More


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Yemen

New Governor: Central Bank Needs to Move from Sanaa
20/09/2016 09:51 GMT

Yemen’s central bank has to move from the capital Sanaa because the armed Houthi movement that controls the city has been pillaging it to finance its war against the exiled government, the bank’s... More


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General News

Iran Asks for Restoration of OPEC Quota System
28/09/2016 09:28 GMT

Iranian Minister of Petroleum Bijan Zanganeh said Iran supports cooperation between OPEC and non-OPEC crude oil producers for market stability, emphasizing that there is no other choice except for... More


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