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Oil importing countries in Middle East ill-prepared for oil price hike
Standard & Poor's has said oil importing countries in the Middle East, especially Lebanon and... Read full article »
Oman's National Gas buys LPG business in Malaysia
Oman's National Gas Co has signed a letter of intent with Shell Malaysia Trading to acquire its... Read full article »
Opec pumps volumes above target
Oil producing group, Opec has said Europe's debt crisis and an oil price rally are the biggest... Read full article »
Iraq begins exports from new floating facility
Iraq has started loading oil from a long-awaited floating Single Point Mooring (SPM) platform in... Read full article »
UAE orders four more nuclear power plants, four units under construction
The South Korean government has said the UAE is expected to place orders for four more nuclear... Read full article »
UAE solar power firm Microsol buys Solon key assets
UAE-based solar cell maker Microsol has completed the acquisition of the key assets of German... Read full article »
Iraq approves giant oil field stake sale to Lukoil
The sale by Norway's Statoil of its 18.75% stake in the supergiant West Qurna Phase-2 oilfield to... Read full article »
Kuwait substation project completed
A consortium led by Alstom Grid and Kuwait-based Al-Rashed Holdings has announced the completion... Read full article »
Iraq sets Exxon Mobil a deadline for Kurdistan oil deals
The Iraq cabinet has said it has set a deadline for Exxon Mobil in the next few days to explain... Read full article »
Saudi Arabia's oil output at 9.8m bpd last month, predicted steady
Saudi Arabia has produced in February around 9.8 million barrels per day (bpd) of oil, down about... Read full article »
Bahrain discuss LNG imports with Russia's Gazprom
Bahrain's energy minister has said the kingdom is in talks to import an average of 400 million... Read full article »
Qatar to invest $5bn on raised power capacity
Abdulsattar al-Rasheed, chief executive of Qatar Electricity and Water Co has said the country... Read full article »
Total acquires 40% interest in Yemen Block 3 license from Oil Search, set to operate
Total has announced this is has acquired a 40% interest in the Block exploration license in... Read full article »
Saudi Electricity plans fuel oil power plant, 1,700MW capacity
Saudi Electricity Co (SEC) has said it is looking for companies to build and operate a 1,700-... Read full article »
India's top Iran oil buyer plans import cuts, almost by half
The largest buyer in India of Iranian oil plans to almost halve daily imports, becoming the... Read full article »
