2007
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China signs $2bn oil deal with Iran
Sinopec, one of China's biggest energy companies has signed a $2bn deal to develop a huge oil... Read full article »
Hill planning joint oil venture with Egypt
International construction manager Hill International announced on 10 December that it has plans... Read full article »
Indian Oil plans $9bn Egypt refinery
The Indian Oil Corporation (IOC) is to work with the Egyptian General Petroleum Corporation to... Read full article »
Arcapita in $401m Varel deal
Bahrain's Arcapita Bank and its affiliates have completed the acquisition of Varel International,... Read full article »
Oman plans $2bn Kish investment
Oman has proposed making a $2bn investment in Iran's Kish Island gas field, reported the Mehr... Read full article »
Abu Dhabi to invest $27bn
Abu Dhabi is likely to invest around $27bn in its oil industry over the next five years according... Read full article »
Sinopec close to Yadavaran deal
Iran's Oil Minister Gholamhossein Nozari has revealed the Islamic Republic is close to announcing... Read full article »
Oil sector set for spending hike
Major energy firms like Saudi Aramco and ExxonMobil are likely to hike their spending by 11% next... Read full article »
Opec to up spare capacity
Abdullah Al Badri, Opec's Secretary General, has said the oil cartel has plans to crank up its... Read full article »
Saudi Electricity $1bn deals
Saudi Electricity has handed out deals worth just over $1bn to three local firms to expand a... Read full article »
MB Holding buys Century
Australian engineering firm Downer EDI is to sell its oil, gas and geothermal drilling division... Read full article »
Iran drops dollar
Iran's Oil Minister Gholamhossein Nozari has been quoted as saying the Islamic Republic has now '... Read full article »
Bleak future for Iraqi oil law
Iraq's Oil Minister Hussain Al Shahristani has said 'irreconcilable' differences between various... Read full article »
Bapco inaugurates LSDP plant
The Bahrain Petroleum Company (Bapco) has inaugurated its $700m low sulphur diesel production (... Read full article »
Iran cuts petrol imports
Iran has seen a 54% drop in its petrol imports over the first eight months of the Iranian year... Read full article »
