Fall in Algeria's Trade Deficit
22/03/2018 04:41 GMT

Algeria’s trade deficit fell to US$97 million in the first two months of 2018, versus US$2.33 billion in the same period last year, data released by customs showed on Wednesday. The decline of more... More

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Work Starts on Gas Pipeline in Northern Bahraini Waters
22/03/2018 11:08 GMT

A no-go zone has been marked in northern Bahraini waters as work on a US$670 million submarine gas pipeline starts. The 5km pipeline, which will store liquefied gas to import and for conversion, will... More

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Shell to Start Gas Output from West Nile Delta’s Phase 9B
20/03/2018 11:05 GMT

Shell will start producing gas from the next phase of its West Nile Delta deepwater concession, Phase 9B, in Egypt. Shell gained operatorship of the concession when it acquired BG in 2016. The NGT1... More

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Iran to Award Billions Worth of Oil Projects to Local Contractors in 2018
19/03/2018 10:01 GMT

Iranian Minister of Petroleum Bijan Zanganeh said over US$6 billion worth of oil contracts will be signed with local E&P, EPC and drilling companies next calendar year (March 2018-19). Addressing a... More

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Flydubai’s Erbil Service Resumes
22/03/2018 05:57 GMT

flydubai has resumed regular flights to the Iraqi city of Erbil where the carrier's flight landed on March 19, 2018 at Erbil International Airport at 16:10 p.m. Flight FZ203 departed at 14:05 from... More

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Kuwait Petroleum Corp. Pens Long-Term LNG Deal
22/03/2018 11:04 GMT

Kuwait's oil minister said on Thursday that Kuwait Petroleum Corporation (KPC) had signed an agreement with an international firm for long-term supply of liquefied natural gas (LNG), state news... More

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Loadings at Libyan Oil Export Port Halted Due to Strike
14/03/2018 06:20 GMT

All loadings at the Libyan oil export port of Zawiya have stopped due to a strike, a Libyan website said. "All sea operations of loadings have been stopped at Zawiya oil port by the operators... More

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Orpic Inaugurates Muscat-Sohar Product Pipeline
22/03/2018 10:58 GMT

Orpic Logistic Company, a joint venture between Orpic and CLH officially inaugurated yesterday one of its strategic growth projects, the Muscat-Sohar Product Pipeline (MSPP) and the main fuel... More

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No Shipment Missed Due to Siege: Qatari Nakilat Vice Chairman
22/03/2018 06:03 GMT

Vice Chairman of Qatar Gas Transport Company Ltd. (Nakilat) Ahmad Saif Al Sulaiti reaffirmed that Nakilat has not missed a single shipment worldwide even under the unjust siege imposed on... More

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Saudi Arabia

Trade with US in Favor of KSA
22/03/2018 04:41 GMT

The United States ranks second in terms of the volume of the Kingdom’s trade exchange amounting to SR135 billion (US$36 billion), according to preliminary data issued by the General Authority for... More

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Funding Complete for Dubai Metro’s Route 2020 Extension Project
22/03/2018 10:52 GMT

The government has completed the 9 billion-dirham (US$2.45 billion) financing exercise to complete the construction of the Dubai Metro’s Route 2020 extension project, the emirate’s Department of... More

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Petsec Energy Completes Acquisition of Yemen Permit
20/03/2018 08:49 GMT

Petsec Energy Ltd has completed the acquisition of a 40% working interest in the Al Barqa ( Yemen Block 7 ) license and operatorship in the Republic of Yemen. Block 7 is an onshore exploration permit... More

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General News

OPEC, Non-OPEC Panel Sees Compliance at New High in February
22/03/2018 05:42 GMT

A joint OPEC and non-OPEC technical committee estimates that compliance by OPEC and other producing countries with pledged oil output cuts in February hit a new high, two sources familiar with the... More

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