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Iran replaces CNPC with local firm for South Pars development project
The National Iranian Oil Co (NIOC) has replaced China's National Petroleum Corp (CNPC) with the... Read full article »
US court dismisses Iraq's lawsuit against ABB
A court in the US has dismissed a lawsuit filed by Iraq against ABB that alleged a unit of the... Read full article »
Eni strikes oil in western Egypt
Italy's Eni has said it had made a new oil discovery in the western desert of Egypt, as the oil... Read full article »
Lebanon receives $85m Kuwaiti loan to rehabilitate power plants
Lebanon has received an $85m loan from Kuwait to finance the upgrading and rehabilitation of two... Read full article »
Iraq rehabilitating old power plants
Iraq's electricity ministry has announced the completion of rehabilitation of the country's... Read full article »
ENOC signs supply deal with Tasweeq
Emirates National Oil Co (ENOC) has signed an agreement with the Qatar International Petroleum... Read full article »
Saudi Arabia approves nuclear energy pact with France
The Saudi cabinet has approved an agreement signed with France two years ago on the peaceful use... Read full article »
Iran's Global Petro secures €1.2bn contract for four drilling rigs
Iran's Global Petro Tech Kish Co has signed a €1.2bn agreement with the National Iranian Central... Read full article »
Iraq increased January crude exports to 2.35m bpd
Iraq's oil ministry has said the country's oil exports climbed to 2.359 million barrels per day (... Read full article »
Jordanians consumed more fuel in 2012 despite higher prices
Jordan's Gas Stations Owners Association (GSOA) has said consumption of oil derivatives last year... Read full article »
Kurdistan plans oil pipeline to Turkey
Ashti Horami, Kurdish minister for natural resources has announced government plans to build an... Read full article »
Sterling Energy withdraws from Kurdistan
UK-based oil company with interests in Africa and the Middle East, Sterling Energy has withdrawn... Read full article »
Oman Power studies future IPP strategy
Oman-based United Power Co has said Oman Power and Water Procurement Co (OPWP) has selected... Read full article »
Egypt aims to cut energy subsidy bill by 50%
Egypt's has unveiled a plan to reduce by 50% the country's energy subsidy bill over the next five... Read full article »
Saudi Arabia may cut crude prices for Asian buyers
Oil industry sources said Saudi Arabia may lower its official selling prices for all crude grades... Read full article »
