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Iranian natural gas imports banned in the EU
German foreign minister Guido Westerwelle has said the European Union has banned the import of... Read full article »
Saudi Aramco to boost investment in oil exploration
Saudi Aramco has unveiled plan to invest $35bn over the next five years in crude oil exploration... Read full article »
Global oil market 'well supplied': Qatar
Qatar's energy minister Mohammed Saleh al-Sada has said the global oil market is well supplied... Read full article »
Aramco seeks to reduce domestic oil consumption
Saudi Aramco is set to begin reducing the kingdom's domestic consumption of oil by 2014 and... Read full article »
PDO awards local firms $290m in contracts
Petroleum Development Oman (PDO) has announced the signing of oil well servicing contracts with... Read full article »
Egypt to begin distributing gas subsidy coupons by winter
Egypt's local development minister Ahmed Zaki Abdeen has said the government expects to start... Read full article »
Aramco discovers new gas field in Red Sea
Saudi oil minister Ali al-Naimi has announced Saudi Aramco has discovered a new gas field in the... Read full article »
Opec oil production fell to 31.15m bpd in September: Platts
According to a survey by Platts, crude oil output from Opec fell by 390,000 barrels per day (b/d)... Read full article »
Slow economy, higher output to drive oil prices downwards: IEA
The International Energy Agency (IEA) has said global oil prices will begin to decline gradually... Read full article »
Kuwait to raise output to 3.2m oil barrels a day
Kuwait's oil minister Abdulaziz Hussein has said that Kuwait Oil Co (KOC) could raise its oil... Read full article »
SEC requires $10bn capex in 2013
Saudi Electricity Co (SEC) has said it will require capital expenditure of almost $10bn in 2013,... Read full article »
Iraq approves Block 10 development by Lukoil
Russia's second-largest oil producer, Lukoil Holdings has said the Iraqi government has approved... Read full article »
Haya Water to spend $2.6bn on sewage network
Omani state-owned Haya Water Co said it plans to invest OR1bn ($2.6bn) in the next six years to... Read full article »
Oman's MEDC to roll out commercial prepaid power meters in 2013
Muscat Electricity Distribution Co (MEDC) has announced prepaid electricity metres are to be... Read full article »
OGC concludes feasibility for Duqm gas pipeline
Oman Gas Co (OGC) has announced the completion of a feasibility study to build a 230km long... Read full article »
