Algeria

OPEC Countries to Discuss Output Deal Extension Late-May: Algerian Minister
27/04/2017 08:14 GMT

The OPEC member countries will meet on 25 May in Austria’s Vienna to decide about the extension by six months or the freeze of the oil output cut deal, en force since last January 1st, announced... More


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Bahrain

Aqualis Starts Floatover Engineering for Bahrain LNG Topsides
27/04/2017 09:07 GMT

South Korean contractor Oceanus has commissioned Aqualis Offshore to provide floatover services for an LNG regasification platform topsides to a location offshore Bahrain. Oceanus is responsible for... More


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Egypt

Egypt to Ink Solar Power Deal with Saudi Firm
27/04/2017 08:20 GMT

The Egyptian Electricity Transmission Company (EETC) will sign a power purchase agreement with Saudi Arabian company Alfanar next week, a report said. Alfanar paid the third instalment of the... More


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Iran

Overhaul Starts in Iran's SPGC
27/04/2017 04:55 GMT

Acting Head of Operations at South Pars Gas Complex (SPGC) Alamdar Babaei said that based on planning, the overhaul in 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, and 9th refineries of SPGC will start on 19... More


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Iraq

Petrofac Secures Iraq Contracts
26/04/2017 06:45 GMT

Petrofac has secured a series of contract awards worth more than US$70 million for engineering, operations and maintenance services in Iraq. Petrofac’s Engineering and Production Services’ (EPS) East... More


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Kuwait

Court of Appeal Upholds Kuwaiti Govt. Decision to Raise Fuel Prices
26/04/2017 04:20 GMT

Kuwait’s Court of Appeals said that the government’s decision to increase the price of petrol was legal and in line with the constitution. The ruling on Sunday overturned a verdict by a lower court... More


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Libya

Eni Discovers Gas Offshore Libya
17/04/2017 04:20 GMT

Eni hit gas and condensates while drilling offshore Libya. The discovery was made during the drilling of the B1 16/3 well in the Gamma Prospect on Eni’s 100%-operated Contract Area D. The well,... More


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Oman

Shell, Oman's OOCEP Pen HoA
27/04/2017 06:48 GMT

Oman Oil Company Exploration & Production (OOCEP) and Shell Exploration have signed a Heads of Agreement (the HOA) to collaborate on Oman Block 42. The HOA was signed for OOCEP by Isam Bin Saud Al... More


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Qatar

Qatar Cuts Power, Water Consumption
27/04/2017 05:06 GMT

Qatar succeeded in achieving a per capita reduction of 18% in electricity consumption and 20% in water usage at the end of the first phase of the five-year National Program for Conservation and... More


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Saudi Arabia

Bombing Attempt on Saudi Aramco Fuel Distribution Terminal Foiled
27/04/2017 09:09 GMT

Saudi forces foiled an attempt from Yemen to blow up an Aramco fuel terminal in the southern Jazan province on Tuesday using a boat laden with high explosives, the interior ministry said in a... More


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UAE

Dubai-Based Schon Pens JV Deal with Al Hamad Group
27/04/2017 09:11 GMT

Dubai-based property developer Schon Properties and Al Hamad Group, a leading construction company in the GCC, announced a joint venture to develop iSuites - a Dh3.2 billion (US$871 million)... More


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Yemen

Yemeni-Omani Businessmen Review Trade Ties
13/04/2017 08:43 GMT

Businessmen from Oman and Yemen discussed exchange of trade between two neighboring countries and sought to reap maximum benefits from available resources in both the countries and create a win-win... More


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General News

OPEC Countries to Discuss Output Deal Extension Late-May: Algerian Minister
27/04/2017 08:14 GMT

The OPEC member countries will meet on 25 May in Austria’s Vienna to decide about the extension by six months or the freeze of the oil output cut deal, en force since last January 1st, announced... More


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