Oil & Energy

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Iraqi crude production is climbing from a 35-year high.
January 30, 2015 - 22:18 GMT
“This price war is not just between Saudi Arabia and the U.S., it’s also intra-OPEC,” said Seth Kleinman,

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.

During the event
11:01 GMT
(press release)

OCTAL was recently invited to present the company’s effective deployment of SAP R/3 networking systems to IT teachers and students at Salalah College of Technology (SCT).

April 15, 2013

Turkey is to keep on importing Iranian oil, the country's energy minister has said
12:24 GMT

Despite strong pressure to stop using Iranian oil turkey has said it will keep on importing from the Persian country.