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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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:...
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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...
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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...
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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...
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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...
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