Algeria

February 4, 2003

02:00 GMT

First Calgary Petroleums has advised that drilling commenced on its 100 percent held Yacoub Block 406a in Algeria. The YCB-1 well, located in the northwest part of the block, has an estimated drilling

02:00 GMT

Moody's Investors Service has upgraded the long and short-term foreign currency deposit ratings of the Kuwait Finance House to A3 and P-2, respectively, and placed a positive outlook on the D+ financi

02:00 GMT

First Gulf Bank achieved an 80.6 million Emirati dinar ($29.9 million) net profit in 2002, a 31 percent growth compared to last year's profit of Dh 61.7 million. Total operating income increased by 38

February 3, 2003

02:00 GMT

Petro-Canada’s North African and Near East ventures produced 152,000 barrels of oil equivalent per day (bpd) in the fourth quarter of 2002. Net daily production for the region in 2003 is expected to a

02:00 GMT

Gulf Air recorded double-digit growth in passenger numbers in all classes on routes between its Gulf gateways and London, Paris and Frankfurt.  “Compared with the same period in January 2002, the occu

February 2, 2003

02:00 GMT

In Hebron area, Israeli bulldozers Sunday demolished 22 houses in Beit Anoun village after forcing their inhabitants to evacuate them under gunpoint,

02:00 GMT

French President Jacques Chirac will make an official landmark visit to Algeria between March 2 to 4, his office announced Friday, in the framework of

02:00 GMT

Abdelmalek Benbara, an Algerian parliament member whose decomposing body was found in Paris last week, was stabbed to death shortly before his disappe

02:00 GMT

British company Capital Oil and Gas (COG) is venturing into Yemen with its first oil exploration deal signed last week. The concluded a production sharing agreement with Yemen's Ministry of Oil and Mi

02:00 GMT

Le Meridien's seven United Arab Emirates (UAE) properties have joined forces in a thrust to reinforce the luxury hotel group's dominant presence in the UAE where Le Meridien manages a stock of almost

02:00 GMT

Anadarko has earmarked $381 million for exploration in the Middle East, North America, North and West Africa and Australia. Anadarko's 2003 Algeria program will focus on exploration and development dr

02:00 GMT

Technip-Coflexip to design GTL complex in Qatar and Sasol South Africa, awarded Technip-Coflexip an EPC contract, worth about $675 million, for the design and construction in Qatar of a natural gas-t

January 30, 2003

02:00 GMT

The decomposing body of a missing Algerian MP has been found in the boot of his car in Paris.   Abdelmalek Benbara, a member of the prime minister's p

02:00 GMT

Israel is scheduled to receive a German consignment of two anti-missile batteries by mid-February, loaded with 128 rockets. The American Patriot defense systems, designed to intercept surface-to-surfa

02:00 GMT

Anadarko Petroleum Corporation, Sonatrach and partners Maersk Olie Algeriet and Eni/Lasmo Oil announced an oil discovery at the Hassi Berkine North East prospect on Block 404 in Algeria.