13/06/2019 08:45 GMT
Algerian energy giant Sonatrach and Portugal's energy company Galp on Tuesday signed an agreement to extend Algerian gas exports to Portugal for 10 additional years, Sonatrach said in a statement. In...
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13/06/2019 04:25 GMT
Bahrain’s money supply (M3) increased to BD13.2 billion (US$35.2 billion) at the end of the first quarter (Q1) of this year compared to BD12.4 billion (US$33.1 billion) at the end of Q1 2018,...
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16/06/2019 05:15 GMT
Tests to flow Israeli gas through the East Mediterranean Gas (EMG) pipeline to Egypt are now under way and are expected to be concluded at the end of this month ahead of the startup of significant...
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16/06/2019 05:25 GMT
Iran on Saturday summoned the British ambassador to Tehran after London blamed it for attacks on oil tankers in the Gulf of Oman, the semi-official Students News Agency ISNA reported, a claim denied...
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16/06/2019 05:09 GMT
The United States has allowed Iraq to import Iranian gas ( Gas Exports to Iraq ) for its power grid for another three months by extending a waiver to sanctions - but insists that Baghdad seek...
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16/06/2019 04:40 GMT
As part of its economic and business coverage of Kuwait, The Business Year (TBY) is organizing a business conference, in partnership with Kuwait Direct Investment Promotion Authority (KDIPA), to...
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13/06/2019 04:22 GMT
The Sarir oilfield in Libya’s Sirte basin has seen its oil production drop by 30,000 bpd since June 9 when a fire broke out in a power generator due to high temperature, Libya’s National Oil...
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16/06/2019 04:38 GMT
Hospitality giant Marriott International has marked the official opening of W Muscat, the latest addition to its hospitality portfolio in the Middle East.
Developed by Oman Tourism Development...
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16/06/2019 04:35 GMT
Qatar Chamber and the Roscongress Foundation have signed a co-operation agreement to outline partnership plans to build effective links between the business communities of Qatar and Russia. The...
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16/06/2019 05:07 GMT
China's Sinopec plans to substitute Iranian crude with that of grades from Saudi Arabia and other origins in the Persian Gulf, even as scope of more purchases from the US was limited due to the...
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16/06/2019 04:38 GMT
The Italian energy sector looks set to play a key part in European participation at the 24th World Energy Congress, to be held in Abu Dhabi, UAE, later this year, following a recent visit to the...
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13/06/2019 09:04 GMT
The UAE has signed an agreement to build a US$100 million power plant in the southern Yemeni city of Aden, the state-run news agency WAM reported on Wednesday. The deal was signed between the Khalifa...
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16/06/2019 05:13 GMT
According to OPEC monthly report in May 2019, the total OPEC-14 crude oil production averaged 29.88 million barrels per day (bpd), lower by 236 tb/d m-o-m. Crude oil output decreased mostly in IR...
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