Algeria

Algerian Natural Gas Production Gets New Boost
17/12/2017 07:58 GMT

Algeria's state-owned Sonatrach has started production at the major new Reggane Nord ( Reggane Basin ) natural gas field complex, an industry source said. Output is set to reach 8 Mcm/d at peak,... More


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Bahrain

Center Planned in Bahrain for Recycling Harmful Chemicals
17/12/2017 06:12 GMT

A US$600,000 recycling center to treat harmful chemicals that can contribute to ozone layer depletion will start functioning soon in Bahrain, it was revealed. The facility in Tubli, under the... More


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Egypt

Production Starts from Egypt’s Zohr
17/12/2017 08:58 GMT

Egypt’s Zohr gas field began production on Saturday with an initial 350 Mscf/d, the Oil Ministry said in a statement. The field operated by the Italian ENI company is estimated to hold 850 Bcm of... More


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Iran

Oman to Issue Long-Term Visas for Iranian Traders
17/12/2017 08:12 GMT

Oman Ambassador to Iran Saud bin Ahmed bin Khalid Al-Birwani said that Oman long-term visas (multiple entry) is soon to be issued for some of Iranian active traders. He noted that only some technical... More


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Iraq

Petrel Resources Shares Down Following Iraq Settlement
17/12/2017 11:01 GMT

Shares in Irish-based Petrel Resources were trading 20% down on 15 December after the company said it had reached a settlement in respect of the disposal of 2.2 million Petrel shares by Amira... More


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Kuwait

Kuwait-Based Group Exits US Industrial Portfolio
17/12/2017 08:19 GMT

Gatehouse Financial Group (Gatehouse), a leading real estate focused sharia-compliant financial services group based in Kuwait, said it has successfully completed the sale of its US Industrial... More


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Libya

Libya's Nafusa Oil Operations Eyes Production from New Project
13/12/2017 08:27 GMT

Libya's Nafusa Oil Operations is hoping to produce 10,000 barrels of oil per day (bpd) of oil next year from a new project in the western Ghadames basin ( Ghadames Gas Field ), the National Oil... More


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Oman

Oman to Issue Long-Term Visas for Iranian Traders
17/12/2017 08:12 GMT

Oman Ambassador to Iran Saud bin Ahmed bin Khalid Al-Birwani said that Oman long-term visas (multiple entry) is soon to be issued for some of Iranian active traders. He noted that only some technical... More


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Qatar

Qatar Stock Exchange & Qatar Development Bank Sign MoU
17/12/2017 08:33 GMT

Qatar Stock Exchange (QSE) and Qatar Development Bank (QDB) have signed a Memorandum of Understanding (MoU) to promote collaboration between the two sides. The MoU was signed by Qatar Stock... More


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Saudi Arabia

Saudi Aramco Eying Content Localization by 2021
17/12/2017 07:49 GMT

Saudi Aramco has called for increased efforts to reach 70% locally supplied content by 2021 as it signed a raft of MoUs and contracts with local suppliers and international partners. The call came... More


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UAE

Investor Bet on ME Oil Play Pays Off in Abu Dhabi IPO
17/12/2017 08:06 GMT

The stock of Abu Dhabi National Oil Co. for Distribution PJSC, the fuel retailing unit of Adnoc, soared as much as 16% to 2.90 dirhams in early trading. They pared gains to close 6% higher at 2.65... More


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Yemen

UAE Refutes Missile Attack Claim by Yemeni Houthis
04/12/2017 10:51 GMT

The United Arab Emirates has denied a claim by Yemen's Houthi rebels that a missile fired by them had targeted the country's under-construction nuclear plant. Houthis had claimed on 3 December that... More


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General News

Investor Bet on ME Oil Play Pays Off in Abu Dhabi IPO
17/12/2017 08:06 GMT

The stock of Abu Dhabi National Oil Co. for Distribution PJSC, the fuel retailing unit of Adnoc, soared as much as 16% to 2.90 dirhams in early trading. They pared gains to close 6% higher at 2.65... More


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