Algeria

Algerian Minister Condemns Yemeni Houthi Attacks on KSA
26/11/2020 11:52 GMT

Algerian Minister of Energy Abdelmadjid Attar, reacted on Tuesday to the attack by Yemeni Houthis against the oil installations near Jeddah, in Saudi Arabia, condemning any attack on oil... More


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Bahrain

Oil Sector Taking Lion’s Share in Bahrain's Tender Awards
30/11/2020 09:41 GMT

Bahrain awarded 1,022 government tenders in the first nine months of 2020, worth a total of US$2.7 billion, with the oil sector taking the lion’s share, according to official figures. According to... More


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Egypt

TechnipFMC to Start Work on EPC Contract in Egypt
30/11/2020 08:32 GMT

TechnipFMC is ready to start work on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new hydrocracking... More


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Iran

Iran, Iraqi Kurdistan Keen on Boosting Agro Ties
30/11/2020 07:22 GMT

The Iranian Consul General in Sulaimaniyah announced Iran's readiness to cooperate with the Kurdistan Region in the fields of agricultural and water projects, especially dam construction projects.... More


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Iraq

Rocket Attack Launched on Northern Iraq Oil Refinery: Islamic State
30/11/2020 10:21 GMT

A rocket hit a small oil refinery in northern Iraq on Sunday, causing a fire at a fuel storage tank and forcing a complete shutdown of operations after the blaze spread to a nearby pipeline network,... More


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Kuwait

Japan to Pen Storage Deal with Kuwait Petroleum Corp.
29/11/2020 08:37 GMT

Japan's Ministry of Economy, Trade and Industry is set to sign a deal with state-run Kuwait Petroleum Corp. on Dec. 1 to lease out 500,000 kiloliter (3.14 million barrels) of storage capacity, a METI... More


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Libya

Libya Overturns Paris Court Award to Sorelec
25/11/2020 05:41 GMT

Libya succeeded in overturning a Paris arbitration court compensation award of over €500 million to French company Sorelec, the Libyan Legal Disputes Department of the Supreme Justice Council... More


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Oman

FDO-Led Alliance to Develop Duqm Fisheries Port
30/11/2020 07:36 GMT

=The Public Authority for Special Economic Zones and Free Zones (Opaz) has awarded the tender for the development, management and operation of a multipurpose fishing port in Duqm to an alliance of... More


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Qatar

Qatar Hotels Fighting to Survive until 2022 World Cup
30/11/2020 05:20 GMT

Qatar has marketed its opulent skyscraper hotels as jewels in its World Cup 2022 crown but coronavirus curbs and a glut in new properties are jeopardizing the industry. As well as keeping out... More


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Saudi Arabia

German Firm to Supply & Distribute Coronavirus Vaccine in KSA
30/11/2020 10:31 GMT

Saudi Arabia has signed an agreement with a German firm to supply and distribute a coronavirus vaccine in the Kingdom. Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) said on... More


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UAE

UAE-India Energy Ties Will Get Stronger: Indian Minister
30/11/2020 09:46 GMT

In an exclusive interview with Khaleej Times, Indian Minister for Petroleum, Natural Gas and Steel Dharmendra Pradhan says the potential for partnerships in the country's energy's sector is huge. He... More


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Yemen

OPEC's Barkindo Issues Statement on Jeddah Attack by Yemeni Houthis
29/11/2020 11:13 GMT

The Yemeni Houthi attack that caused a fire to break out in a fuel tank at a petroleum products distribution station in north Jeddah, Saudi Arabia, is a cowardly act against a key installation that... More


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General News

OPEC+ Heads Into Crunch-Time Negotiations
30/11/2020 06:53 GMT

Key OPEC+ ministers ended preliminary consultations Nov. 29 with no firm consensus on future production levels, delegates told S&P Global Platts, as not all members were convinced of the need to roll... More


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