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IEA: Regional oil demand could grow by 5%
The International Energy Agency (IEA) has said that oil demand in the Middle East could grow by... Read full article »
Iraq oil exports up by 7% in February
Iraq's crude oil exports has gone up by 7% in February, from 1.93 million barrels per day in... Read full article »
MIS wins $55.4m Abu Dhabi drill refurbishment deal
Abu Dhabi-based National Drilling Co (NDC) has awarded Dubai-based Maritime Industrial Services... Read full article »
Aramco looks to raise Jubail refinery finance
Saudi Aramco has approached the major banks in the kingdom to raise $4bn to help finance its... Read full article »
Hydrogen Power Abu Dhabi JV construction delayed
Construction of Hydrogen Power Abu Dhabi (HPAD), a joint venture between UAE-based Masdar and... Read full article »
Saudi Arabia to hike oil prices to US in April
Saudi Aramco has raised official selling prices for all crude grades, except heavy, for customers... Read full article »
UAE says demand for OPEC oil may drop in '10
The UAE's oil minister said he believes demand for OPEC crude may drop by 100,000 barrels a day... Read full article »
ABB wins $144m contract in Abu Dhabi
Abu Dhabi Transmission and Despatch Co has awarded ABB, a power and automation technology group,... Read full article »
RAK Petroleum enters Tunisia
UAE-based RAK Petroleum has signed an agreement to join an offshore exploration license in... Read full article »
Kuwait expects approval for China refinery year end
Saad Al-Shuwaib, CEO of Kuwait Petroleum Corp has said the company aims to obtain Chinese... Read full article »
Weekly WTI oil price update: Crude oil hits ceiling as Hedge Funds attack Euro
Crude oil broke through the $80 a barrel ceiling repeatedly during the week but kept falling back... Read full article »
Iraq, Nippon Oil group oilfield talks stall
Dhiya Jaafar, the head of Iraq's South Oil Co, has said that talks between Iraq and a Japanese... Read full article »
Saudi to nearly double crude exports to India
The Indian government has said that Saudi Arabia is willing to increase crude supplies to the... Read full article »
Iran seeks to issue $1bn in bonds to fund power plants
Iran plans to issue $1bn in bonds in the year beginning March 21 to finance new power plants and... Read full article »
Oil drilling to be stable in Saudi in 2010
Experts have said that drilling for oil in Saudi Arabia in 2010 is expected to remain the same as... Read full article »
