Oil & Energy

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Jordan is the third largest recipient of remittances in the Middle East and North Africa (MENA) from Gulf states, according to World Bank report.
As a net oil importer, Jordan’s widening trade deficit in the first nine months of 2014 was anticipated to decelerate in the last quarter of the year on account of lower oil prices.

April 23, 2013

OCTAL - Health Day - Staff Blood Pressure Hypertension Awareness
10:35 GMT
(press release)

OCTAL, the world’s leading clear rigid food packaging material supplier, recently organized a 'Check Your Blood Pressure Week’ for employees in Salalah as part of its efforts to support World Health Day.

Iran is owed billions in oil revenues which customers who have been unable to pay because of sanctions imposed on the Islamic republic
09:53 GMT

Iran is owed $4 billion for oil sales to customers who have been unable to pay because of sanctions imposed on the Islamic republic over its nuclear programme, according to an official.

April 22, 2013

Iran is looking to try and sell oil to North Korea.
13:12 GMT

Despite international sanctions over Iran's alleged nuclear ambitions, Tehran is looking to try and sell oil to North Korea.

Eni, the Italian energy company, is hoping to ensure the safety of the Trans-Mediterranean gas pipeline
12:38 GMT

Italian energy company Eni is keen to ensure the safety of a natural gas pipeline, which crosses Tunisia, Chief Executive Officer Paolo Scaroni said.

Saudi Arabia is maintaining its commitment to global oil stability, according to the Kingdom's Finance Minister
09:42 GMT

Saudi Arabia has reiterated its commitment to the stability of the international oil market, a minister from the the oil-rich

April 21, 2013

During Kuwait Energy Annual General Meeting of shareholders
10:45 GMT
(press release)

Kuwait Energy, one of the fastest growing independent oil and gas companies in the Middle East, today announced record results for the year 2012 during its Annual General Meeting of shareholders.

09:20 GMT
(press release)

PwC research shows that the Middle East recorded a substantial increase in banking M&A deal values from USD 1.5bn in 2011 to nearly USD 7bn in 2012, resulting from six transactions.

During ENOC Fazza Championship
08:12 GMT
(press release)

Emirates National Oil Company (ENOC), is extending its support as a gold sponsor of the fifth edition of the Fazza Championship, the sports event for special needs athletes.

Mohammad Alhowqal, Chief Operations Officer of Kuwait Energy
06:44 GMT
(press release)

Kuwait Energy announces a production increase at its East RasQattara Concession, Egypt, in which the Company has a 49.5% interest.

April 18, 2013

France is hoping to win big with Saudi Arabia's nuclear contracts
08:37 GMT

France’s Areva says it aims for the majority of its subcontractors to be local firms should it win an expected tender to build nuclear power plants in Saudi Arabia.

Jordan has received six bids for its first ever oil shale plant
07:20 GMT

The Attarat Power Company (APCO) announced Wednesday that six internationally renowned engineering and construction companies have submitted proposals to construct Jordan’s first oil shale-fired power plant.

April 17, 2013

 Kurdistan is set to export oil to the world via Turkey, in a move that will provoke Baghdad.
13:08 GMT

In a move that is likely to provoke officials in Baghdad, Kurdistan is set to export oil to the world via Turkey as debates rumble on over who should see the cash windfall.

During the agreement
09:20 GMT
(press release)

EQUATE Petrochemical Company signed an accord with Gulf Cryo for Kuwait’s Second CO2 Recovery Project.

Jordan and Iraq have signed a preliminary agreement for a new oil pipeline
07:46 GMT

Jordan and Iraq have signed an agreement on basic principles to build a pipeline to export crude oil from Basra to Aqaba.

April 16, 2013

Oil prices continue to drop, as fears grow over another global economic slowdown
13:21 GMT

Major oil producers from the region, analysts say, would be closely watching the fast-dropping commodity prices on the international markets which saw the benchmark Brent crude fall to near $101 a barrel yesterday.