CEO: Algerian Sonatrach Eyes JVs with Natural Gas Traders
18/10/2017 09:59 GMT

Algeria's Sonatrach is looking to create joint ventures with trading companies for the marketing of its gas as the state-owned firm moves toward a new gas sales strategy, CEO Abdelmoumen Ould Kaddour... More

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Bill Passed to End Workers Residing in Bahrain Residential Areas
18/10/2017 10:54 GMT

The Bahrain House of Representatives yesterday passed a bill that instructs to allocate 15% of the space of industrial areas to build accommodations for laborers. The bill, which was intensively... More

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Mercosur Bloc, Egypt Free Trade Deal Comes Into Effect
17/10/2017 07:43 GMT

The Arab-Brazilian Chamber of Commerce (ABCC) has announced that the Free Trade Agreement (FTA) signed between Mercosur bloc and Egypt has come into effect. Mercosur is an economic and political bloc... More

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Gas Pressure Installations Launched in Iran's Farashband
18/10/2017 09:53 GMT

The gas pressure boosting installations of Farashband 10 in Gas Transfer Operations Region 5 have been commissioned on 17 October 2017. Accordingly, the volume of gas transfer will increase by 75% in... More

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Iraqi Oil Minister Asks BP to Develop Kirkuk Oilfields
18/10/2017 10:07 GMT

Iraqi Oil Minister Jabar Al-Luaibi has asked BP “to quickly make plans to develop the Kirkuk oifields,” an oil ministry statement said on Wednesday. Iraqi government forces on Monday took control of... More

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Billions Spent on Environmental Fuel: Kuwaiti Official
17/10/2017 06:35 GMT

The CEO of the Kuwait National Petroleum Company, KNPC, Mohammad Al-Mutair, has said that the total volume of expenditure on the environmental fuel project amounted to KWD3.1 billion (~US$10.25... More

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1st Tanker Docks at Libyan Port since Closure in 2014
10/10/2017 05:18 GMT

A fuel tanker docked at Benghazi port in eastern Libya on Monday for the first time since being closed in 2014 due to fighting between rival factions. A tanker arrived from the capital Tripoli... More

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Tendeka Bags Oman, UAE Deals
18/10/2017 06:06 GMT

Tendeka, a global leader in advanced completions and production optimization, has been awarded two new contracts in the Middle East. The multi-million-pound agreements with the Abu Dhabi Onshore... More

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Qatar Investment Fund to Broaden Focus Reflecting Capital Markets Stress
18/10/2017 05:37 GMT

Qatar Investment Fund is to broaden its investment strategy from focusing largely on Qatar to targeting other rich oil exporting countries in the region, its board said on Monday, adding that it... More

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Saudi Arabia

KAEC to Set Up Capital Fund for Saudi SMEs
18/10/2017 10:21 GMT

The Saudi General Authority for Small and Medium Enterprises has signed a deal with King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, to set up a SR75 million... More

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Sources: UAE’s ADNOC to Sell Debut Bond as Soon as This Week
18/10/2017 09:34 GMT

Abu Dhabi National Oil Co (ADNOC) is expected to issue as early as this week a project bond in the region of US$3 billion, in what would be the United Arab Emirates oil major's first public debt... More

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Senior GCC Official Reports Aid to Yemen
24/09/2017 09:26 GMT

The GCC member states have provided assistance to Yemen worth more than US$15 billion over the last ten years, a senior GCC official revealed. ''Since 2015 until August 2017, the amount of... More

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General News

Expensive ME Grades Lead Asia Oil Buyers to Turn to US
18/10/2017 10:05 GMT

Asia is set to ramp up crude oil imports from the US in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit US demand for the commodity at a time of rising... More

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