Sonatrach Connects New Gas Pipeline in Southwestern Algeria to Grid
07/04/2020 08:13 GMT

Algeria's state-owned Sonatrach has completed the construction of a gas pipeline to link new fields in the southwest of the country with its main distribution hub at Hassi R'Mel, the company said at... More

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Bahrain-Based SNIC Offers Extended Coverage
07/04/2020 10:26 GMT

SNIC Insurance has announced it is supporting the Bahrain community by extending coverage for three months to make the policy cover period 15 months at no additional cost. Furthermore, for retail... More

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Egypt's EETC Defers Receiving Bids for Power Interconnection Project with KSA
06/04/2020 08:51 GMT

The Egyptian Electricity Transmission Company (EETC) is to postpone receiving offers on a tender it launched earlier that will see construction of an electricity interconnection line with Saudi... More

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Iran Supreme Leader Approves Tapping NDF Fight Coronavirus
07/04/2020 07:18 GMT

Iran’s Supreme Leader Ayatollah Ali Khamenei has approved the withdrawal of one billion euros from the country’s sovereign wealth fund to help fight the coronavirus epidemic, President Hassan... More

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Rocket Attacks Held Near Oil Sites: Basra Oil
07/04/2020 07:57 GMT

Iraq's state-run Basra Oil Co. said Monday four rockets fell near its oil facilities in the city of Basra without causing damage or casualties. The attacks took place at 3:30 am local time (0030 GMT)... More

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Kuwait to Resume Importing Iranian Foodstuffs
07/04/2020 04:41 GMT

Kuwait’s Ministry of Commerce and Industry on Sun. announced that it will resume imports of foodstuff from the Islamic Republic of Iran which had been halted after the outbreak of... More

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2 Kidnapped Employees of Libya's NOC Released
02/04/2020 08:35 GMT

On March 30, the board of Libya's National Oil Corporation (NOC) welcomed the release of Ashraf Msallam and Valentin-Laurentiu Puscasu who have been held captive for 1 year and 7 months. NOC... More

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Call on Traders to Capitalize on Oman’s Enhanced Maritime Links
07/04/2020 04:41 GMT

Oman runs 200 weekly maritime services to 86 commercial ports across more than 40 countries, according to Asyad, the Middle East’s comprehensive logistics provider. Supported by enhanced... More

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Qatargas Using Boil-Off Gas to Unload LNG, Starting in Japan
07/04/2020 08:16 GMT

Qatargas, the world's biggest LNG producer, said Monday it will use boil-off gas to power its chartered conventional LNG vessels, after a successful unloading in Japan. The Al Jasra LNG vessel was... More

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Saudi Arabia

US Energy Secretary Optimistic KSA & Russia Will Cut Oil Output
07/04/2020 09:49 GMT

US Energy Secretary Dan Brouillette said on Monday that after speaking with the energy ministers of Saudi Arabia and Russia he believes the countries will cut oil output and end their war over market... More

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Abu Dhabi Bank Completes Merger, Sets Up Giant Banking Group
07/04/2020 08:42 GMT

Abu Dhabi Commercial Bank Group said it has achieved full integration of Union National Bank (UNB) and Al Hilal Bank significantly ahead of schedule, completing a complex three-way merger process... More

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Houthis Accused of Attacking Oil Pumping Station in Yemen's Ma'rib
06/04/2020 04:18 GMT

The oil ministry of the internationally-recognized, Saudi-backed government in Yemen said on Sunday the Iran-aligned Houthi group had attacked an oil pipeline pumping station in the province of... More

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General News

OPEC+ Regroups on Output Cut Negotiations after Trump's Heel Turn
07/04/2020 08:18 GMT

Having pushed back their critical emergency meeting to Thursday, OPEC and its allies have three days to heal a rift between heavyweights Saudi Arabia and Russia, forge an elusive agreement on output... More

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