Oxy to Keep Algerian Assets
12/08/2020 09:54 GMT

Occidental Petroleum Corp.’s Algerian oil and gas assets are a core holding and will no longer be listed for sale, Chief Executive Officer Vicki Hollub said on a conference call with analysts. In... More

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Bahrain Govt. Announces Revenue Decrease Due to Weak Oil
12/08/2020 04:13 GMT

Bahrain’s ministries and government agencies have indicated a revenue of BD910 million (US$2.39 billion) during the first half of the year (H1), a decrease of 29% in comparison to the same period... More

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TGS Commences Egyptian Multi-Year Geophysical Survey
12/08/2020 09:13 GMT

TGS announced that it has commenced its first-ever regional airborne Enhanced Full Tensor Gravity Gradiometry (eFTG) multi-client survey – together with magnetic and Lidar data – over the Upper Egypt... More

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Iranian Petchem Firm Pens Contract on Development of LDPE Output Unit
12/08/2020 08:38 GMT

The Shazand Petrochemical Company signed a contract with the Sina Control Group for the development of low density polyethylene (LDPE) production unit. The aim of the project is to produce special... More

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Basra Light OSP Cut to All Regions
12/08/2020 08:14 GMT

Iraq has cut the official selling price (OSP) of its Basra Light crude for September cargoes to Asia, the United States and Europe, a document from state marketer SOMO showed on Tuesday. SOMO set... More

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Proposals to Cut Expats in Kuwait Reviewed
11/08/2020 04:12 GMT

Thousands of expats in Kuwait are expected to leave the country as talks over the decision have started between the government and the National Assembly human resources committee. The government and... More

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Repair Work on Libyan Oil Fields Almost Completed
11/08/2020 04:45 GMT

Libya's Waha oil fields have had work carried out on them to maintain the production and service facilities after they were offline for more than seven months due to an oil blockade, senior oil... More

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Port of Duqm Looks Forward to Becoming Transshipment Hub
12/08/2020 04:14 GMT

Conceived initially as a multipurpose port anchoring a mega industrial and economic hub, Port of Duqm has outlined ambitions to become a major transshipment hub for a range of cargoes. Reggy... More

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Qatar Sets September Marine Crude OSPs
12/08/2020 08:21 GMT

Qatar Petroleum has set the September official selling prices (OSP) for its Qatar Marine crude at US$0.60 a barrel above the average of Platts Oman and Dubai quotes, down 75 cents a barrel from the... More

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Saudi Arabia

Saudi Arabia to Host LEAP 2021
12/08/2020 07:24 GMT

Saudi Arabia will host a landmark event early next year aiming to boost foreign investment in the transformative Kingdom, elevate digital economy’s contribution to non-oil GDP by US$13 billion, and... More

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Etihad Airways & UAE’s ADNOC Distribution Expand Partnership
12/08/2020 07:53 GMT

Etihad Guest, the award-winning loyalty program of Etihad Airways, together with ADNOC Distribution, have expanded their partnership to bring greater reward benefits to members through a reciprocal... More

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Yemen's UNESCO-Listed Old Sanaa Houses Collapse in Heavy Rains
10/08/2020 08:47 GMT

Houses in Yemen’s UNESCO-listed Old City of Sanaa are collapsing under heavy rains, as months of floods and storms assail a country already reeling from war, food shortages and disease. Workers... More

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General News

ME M&A Deal Values Fall
12/08/2020 04:14 GMT

Merger & acquisition (M&A) deal values and volume in the Middle East decreased by 58% and 26% respectively in the first half (H1) of the year from H1 2019, according to the latest report by global... More

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