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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 »
Saudi Arabia: Wednesday, March 03 - 2010 at 10:45

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 »
Middle East: Wednesday, March 03 - 2010 at 10:12

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 »
United Arab Emirates: Tuesday, March 02 - 2010 at 10:37

RAK Petroleum enters Tunisia

UAE-based RAK Petroleum has signed an agreement to join an offshore exploration license in... Read full article »
United Arab Emirates: Tuesday, March 02 - 2010 at 10:27

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 »
Kuwait: Tuesday, March 02 - 2010 at 10:16

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 »
Middle East: Monday, March 01 - 2010 at 15:47

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 »
Iraq: Monday, March 01 - 2010 at 10:12

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 »
Saudi Arabia: Monday, March 01 - 2010 at 10:08

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 »
Iran: Sunday, February 28 - 2010 at 09:56

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 »
Saudi Arabia: Sunday, February 28 - 2010 at 09:53

Yemen to invest $1.5bn to boost power capacity

Salah al-Attar, head of Yemen's General Investment Authority, has said the country wants to... Read full article »
Yemen: Sunday, February 28 - 2010 at 09:39

Qatar's Al-Shaheen refinery project seen on hold

Qatar Petroleum has put on hold its Al-Shaheen refinery indefinitely, MEED has reported, citing a... Read full article »
Qatar: Saturday, February 27 - 2010 at 10:21

Samsung to sign deal to build nuclear reactors for UAE

Samsung Corporation is set to sign a sub-contract agreement with state-owned utility Korea... Read full article »
United Arab Emirates: Thursday, February 25 - 2010 at 11:12

Enoc to expand in exploration, production

Petri Pentti, CFO of Emirates National Oil Co. (Enoc) has said the firm plans to expand in... Read full article »
United Arab Emirates: Thursday, February 25 - 2010 at 10:25

Aref Energy to sell 95% of stake in US venture

Aref Energy Holding, part of Kuwaiti investment firm Aref Investment Group, has agreed to sell... Read full article »
Kuwait: Thursday, February 25 - 2010 at 10:22