Bid Opening Next Week for Algerian Refinery Project
24/05/2018 10:35 GMT

Algeria aims to achieve self-sufficiency in fuels by the end of 2019 at the latest, Abdelmoumen Ould Kaddour, the CEO of state-run energy giant Sonatrach said Wednesday. The company will finish... More

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Work Almost Complete on Bahrain's Jetty Project
24/05/2018 10:59 GMT

Bahrain authorities said work on the Bandar Al Dar jetty in the Sitra governorate is progressing at a steady pace with more than 85% of the scheme already completed, said a report. Maintenance... More

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UAE's Arabtec Unit Grabs Egypt Deal
23/05/2018 05:00 GMT

Arabtec, a leading contractor for social and economic infrastructure, has announced that its wholly-owned subsidiary, Arabtec Construction has won a Dh157 million (US$42.7 million) contract to... More

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Iran Sanctions Could Hit Sale of Arclight's North Sea Midstream Partners
24/05/2018 10:08 GMT

The sale of private equity firm Arclight's North Sea Midstream Partners (NSMP), an oil and gas pipeline firm, could be hit by renewed U.S. sanctions on Iran, financial sources said, as one of its... More

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SFO Brings New Charges in Unaoil's Iraq Case
24/05/2018 10:53 GMT

The UK’s Serious Fraud Office (SFO) has brought further charges against two individuals facing trial in relation to the Unaoil investigation. Basil Al Jarah and Ziad Akle have both been charged with... More

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Kuwait Petroleum Unit Eyes Loan for LNG Terminal
24/05/2018 10:10 GMT

A Kuwait Petroleum Corporation-owned firm plans to borrow up to US$2.6 billion from banks and export credit agencies to build a liquefied natural gas import terminal, banking sources said. Kuwait... More

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Output at Libyan Oilfield Unaffected by Protest
24/05/2018 09:29 GMT

Production at Libya's 5,000 barrels per day (bpd) Raguba oilfield was unaffected by a "minor distribution delay", the National Oil Corporation (NOC) said on Wednesday. "National Oil Corporation... More

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Oman Arab Bank, Alizz Islamic Explore Merger
24/05/2018 10:39 GMT

Oman Arab Bank, a unit of Ominvest, and Alizz Islamic Bank are exploring a merger, the two banks said on Thursday, joining an increasing trend among GCC banks to consolidate. Alizz Islamic said its... More

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Qatar’s Fifa World Cup Stadium Project on Track
24/05/2018 04:13 GMT

The development of Al Wakrah Stadium in Qatar – a proposed 2022 Fifa World Cup tournament venue – has taken a major step forward with the installation of the final piece of the roof... More

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Saudi Arabia

Saudi Aramco Awards Deal for Haradh, Hawiyah Projects
24/05/2018 10:18 GMT

Saudi Aramco has awarded a contract for a permanent communications system serving its Haradh Increment to Networks & System Integration as part of Aramco’s Gas Compression Program in Haradh and... More

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Egis Bags UAE Deal
24/05/2018 10:02 GMT

Egis, an international group offering engineering, project structuring and operations services, has been awarded a project management consultancy (PMC) contract for the development of the UAE railway... More

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Yemeni Houthis Fire Missile at Aramco Facility, Saudi Says It Falls in Desert
15/05/2018 07:17 GMT

Yemen’s armed Houthi movement launched a ballistic missile at a Saudi Aramco facility in Saudi Arabia’s southwestern Jizan province on Monday, the group’s al-Masirah TV reported, but a Saudi-led... More

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General News

Oil Dips as Market Eyes Possible Easing of OPEC Supply Curbs
24/05/2018 04:13 GMT

Oil prices edged lower on Wednesday (23 May) with the possibility of higher OPEC output weighing on the market, although geopolitical risks are expected to keep prices near multi-year highs. Brent... More

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