DEA Pens MoU with Algeria's Sonatrach
07/12/2017 10:57 GMT

DEA Deutsche Erdoel AG and Algeria’s state-run oil and gas firm Sonatrach signed a Memorandum of Understanding (MoU) aimed at strengthening the cooperation between the two companies. The MoU defines... More

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Sharp Rise in Bahrain-Indonesia Trade
07/12/2017 07:34 GMT

Bahrain’s trade relation with Indonesia has swelled to US$150,821 million in the 2016-17 period, which according to Indonesian Ambassador will “further expand enormously in the next five years”. “As... More

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Russia Set to Ink Egypt N-Plant Deal
10/12/2017 08:13 GMT

Egypt and Russia will sign the Dabaa nuclear power plant agreement on Monday (December 11) in Cairo, a media report said. The total cost of establishing the plant is US$30 billion and Egypt will... More

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Iran Justice Court Sets Gas Subscription Deadline for NIGC
11/12/2017 10:34 GMT

The Administrative Justice Court issued a warning letter to the National Iranian Gas Company (NIGC) due to the continued receiving of gas subscription in some cities along with non-implementation of... More

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Norwegian DNO Triples Output from Kurdistan Oil Field
11/12/2017 09:44 GMT

DNO ASA, a leading Norwegian oil and gas operator, has tripled production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 15,000 barrels of oil per day (bpd)... More

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Energy Minister Leads Qatar Delegation to OAPEC Meet in Kuwait
11/12/2017 09:35 GMT

Qatar’s delegation to the 99th Ministerial Meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in Kuwait was led by HE the Minister of Energy and Industry, Dr Mohamed bin Saleh... More

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Libyan Heads Discuss Funding to Raise Oil Output
10/12/2017 09:39 GMT

The head of Libya’s UN-backed government held a rare meeting on 9 December with the head of the National Oil Corporation (NOC) and the governor of Tripoli’s central bank to discuss funding to raise... More

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InterContinental Opens New Hotel in Oman
11/12/2017 10:36 GMT

InterContinental Hotels Group (IHG) and Oman Tourism Development Company (Omran) have announced the opening of Crowne Plaza Oman Convention and Exhibition Centre in Muscat. The newly opened hotel is... More

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Qatar Chamber, Indonesian Delegation Discuss Trade Coop.
11/12/2017 10:38 GMT

Qatar Chamber held a forum with an Indonesian delegation to discuss ways to enhance trade cooperation ties of both their countries, it was announced in a statement. Indonesian Chamber of Commerce... More

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Saudi Arabia

Saudi Arabia to Supply Full Jan. Crude Volumes to Asian Refiner
11/12/2017 06:03 GMT

Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to a North Asian refiner in January, unchanged from the previous month, a source with direct knowledge of the... More

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UAE Non-Oil Sector Growth Remains Strong
11/12/2017 10:34 GMT

Dubai’s non-oil private sector business conditions signaled a strong upturn in November, with steep growth in both output and inflows of new work contributing to the latest expansion, according to... More

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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

UAE Energy Minister Says OPEC, Allies to Announce Exit Strategy from Supply Cuts in June
11/12/2017 10:15 GMT

The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Monday that OPEC and non-OPEC oil producers plan to announce an exit strategy from global oil supply cuts in... More

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