OPEC Countries to Discuss Output Deal Extension Late-May: Algerian Minister
27/04/2017 08:14 GMT

The OPEC member countries will meet on 25 May in Austria’s Vienna to decide about the extension by six months or the freeze of the oil output cut deal, en force since last January 1st, announced... More

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Report: Golden Age for Residential Tenants in Bahrain
30/04/2017 04:39 GMT

Weakening economic conditions, tapering off in demand for oil and gas, and an increase in real estate supply has led to increased pressure on the Bahrain real estate industry, according to leading... More

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CDB Keen to Finance Petroleum Projects in Egypt
30/04/2017 04:30 GMT

The China Development Bank (CDB) is keen to finance petroleum and gas projects in Egypt, a delegation from the bank told Egyptian Oil Minister Tarek el-Molla on Tuesday. The CDB delegation explored... More

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Georgian Deputy Minister Says Gas Delivery from Iran Possible
30/04/2017 04:45 GMT

Iran's Gas Exports to Georgia is theoretically possible, and there is necessary infrastructure for this, but such contracts were not concluded between state companies, Georgia’s Deputy Minister of... More

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KSA Losing Oil Market Share to Iran, Iraq Following OPEC Cut Deal
30/04/2017 04:28 GMT

Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu... More

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Court of Appeal Upholds Kuwaiti Govt. Decision to Raise Fuel Prices
26/04/2017 04:20 GMT

Kuwait’s Court of Appeals said that the government’s decision to increase the price of petrol was legal and in line with the constitution. The ruling on Sunday overturned a verdict by a lower court... More

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Libyan Oilfields Restart after Pipeline Protests End
30/04/2017 04:30 GMT

Libya's Sharara oilfield, with a production capacity of almost 300,000 barrels per day, has restarted after the end of protests by an armed group that had blocked pipelines there, a Libyan oil source... More

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Oman Upstream Oil & Gas Activity at High Levels
30/04/2017 04:33 GMT

Notwithstanding a commitment to capping crude production in line with a global output reduction pledge reached by OPEC and non-OPEC producers, activity levels in Oman’s oil and gas sector will... More

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Sharp Fall in Qatar Fuel’s Net Profit
30/04/2017 04:33 GMT

Woqod (Qatar Fuel) has announced that the financial statements for the quarter ended March 31, 2017 showed a net profit for the parent company (after excluding minority interest) amounted to QR 176.5... More

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Saudi Arabia

Saudi Sadara’s 4rth Plastics Plant Starts Operation
30/04/2017 04:33 GMT

Sadara Chemical Company announced today the startup of its fourth and final polyethylene unit, the High Pressure Low Density Polyethylene (HP-LDPE) Train. This marks a significant milestone for the... More

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Rise in Jebel Ali Customs Transactions in Q1 of 2017
30/04/2017 04:39 GMT

Jebel Ali Customs Center, the modern facility and one of the major customs centers in Dubai, UAE has carried out around record 729,000 customs transactions during the first quarter of the year, said... More

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Yemeni-Omani Businessmen Review Trade Ties
13/04/2017 08:43 GMT

Businessmen from Oman and Yemen discussed exchange of trade between two neighboring countries and sought to reap maximum benefits from available resources in both the countries and create a win-win... More

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General News

Energy Reforms Needed in MENA
30/04/2017 04:37 GMT

The launch of the first phase of Saudi Arabia’s 9.5GW National Renewable Energy Program (NREP) early this year provides the latest illustration of the major changes occurring in the Middle East and... More

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