Algeria

Algeria to Amend Energy Law in Early 2019
18/06/2018 07:40 GMT

Algeria is set to finalize long-anticipated energy law by early 2019, according to Mustapha Guitouni, energy minister of Algeria. Algeria aims to increase domestic production to meet the domestic... More


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Bahrain

Manama-Based Investcorp Names New Managing Director for EU
17/06/2018 04:34 GMT

Investcorp, a leading global provider and manager of alternative investments based in Manama, has announced the appointment of Heinrich Riehl as the new managing director in its European Sales and... More


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Egypt

Subsea 7 Wins Egypt Deal
18/06/2018 09:19 GMT

Subsea 7 was awarded an EPIC contract in Egypt by Burullus Gas Company for the West Delta Deep Marine Phare 9b development project. The scope includes connecting six new wells into existing subsea... More


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Iran

3 Iranian Petchem Holdings to be Merged
18/06/2018 09:33 GMT

Managing Director of the Social Security Investment Company (SHASTA) Morteza Lotfi said that the company will hold 40% of its shares in Esfahan Steel Company and the National Iranian Tanker Company... More


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Iraq

Kirkuk Oil Swap to Iran Starts
18/06/2018 05:43 GMT

Director of the National Iranian Oil Products Distribution Company (NIOPDC) in Ilam Province said that based on the MoU signed between Iran and Iraq, the swap of light crude oil has started from... More


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Kuwait

Kuwait Foreign Petroleum Exploration Co. Eyeing 5-Year Loan
14/06/2018 08:05 GMT

Kuwait Foreign Petroleum Exploration Company (Kufpec), a subsidiary of state-owned Kuwait Petroleum Corporation, is seeking a five-year loan of over US$1 billion, banking sources familiar with the... More


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Libya

2nd Oil Storage Tank Damaged in Fighting at Libya's Ras Lanuf
18/06/2018 05:09 GMT

An oil storage tank at the Ras Lanuf port in Libya was ignited amid continued fighting on Sunday (17 June), a firefighting official said. Ras Lanuf's storage tank No. 2 held 200,000 barrels of crude... More


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Oman

EOR to Account for Nearly Quarter of Petroleum Development Oman’s Overall Output
17/06/2018 04:00 GMT

Enhanced oil recovery (EOR), a process used to extract crude from ageing oil fields, could account for nearly a quarter of the overall production of Petroleum Development Oman (PDO) in next seven... More


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Qatar

Qatar Moving to Promote Private Sector
18/06/2018 04:16 GMT

Private-sector growth and new government initiatives to support long-term economic diversification and sustainability will be the focus of Oxford Business Group’s upcoming publication ‘The Report:... More


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Saudi Arabia

Saudi Oil Chief Faces Toughest OPEC Test
18/06/2018 08:50 GMT

Since he became Saudi Arabian energy minister two years ago, Khalid al-Falih has had a good run: He persuaded a fractious OPEC to cut oil production, convinced Russia to join the group in curbing... More


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UAE

Sharjah to Save Energy with Central AC System in New Areas
18/06/2018 06:30 GMT

The Sharjah Electricity and Water Authority (SEWA) is planning to install central air conditioning systems in new areas across the city to save energy and promote the culture of... More


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Yemen

Yemeni Houthis Fire Missile at Aramco Facility, Saudi Says It Falls in Desert
15/05/2018 07:17 GMT

Yemen’s armed Houthi movement launched a ballistic missile at a Saudi Aramco facility in Saudi Arabia’s southwestern Jizan province on Monday, the group’s al-Masirah TV reported, but a Saudi-led... More


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General News

Saudi Oil Chief Faces Toughest OPEC Test
18/06/2018 08:50 GMT

Since he became Saudi Arabian energy minister two years ago, Khalid al-Falih has had a good run: He persuaded a fractious OPEC to cut oil production, convinced Russia to join the group in curbing... More


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