Middle East Oil and Gas
Russia bolsters Gulf energy strategy
- President Putin's high-profile tour to the Gulf follows on from the visit of King Abdullah, then Crown Prince, to Moscow in 2003, the highest ranking Saudi official visit to Russia since 1926. Significantly an agreement was reached to co-ordinate energy policies. A momentum now seems to be building up following this.
- Saudi Arabia: Sunday, March 18 - 2007 at 09:46 |
Calls for OPEC-style gas cartel become louder
- Gas exporting countries meeting in Doha in April will discuss forming an OPEC-like group Iran's oil minister Kazem Vazeri-Hamaneh says. This follows calls by Iranian leader Ayatollah Ali Khameni for Russia and other natural gas producers to establish a gas cartel.
- Qatar: Wednesday, March 07 - 2007 at 09:21 |
Sharjah gas firm steps up expansion
- Following finalisation of its $950 million purchase of Canada's Centurion Energy in January, the Sharjah-based company Dana Gas now ranks as Egypt's sixth largest gas producer.
- United Arab Emirates: Sunday, February 25 - 2007 at 16:56 |
Iraq searches for oil compromise
- Norwegian oil company Den Norske Oljeslkep says that the first oil from the company's Tawke well in Kurdistan is on target to be extracted by the end of March this year.
- Iraq: Wednesday, February 14 - 2007 at 09:56 |
Iran puts its foot down on the gas
- In spite of threats of international sanctions over its nuclear programme Iran has no shortage of customers for its oil and is pressing ahead with broader energy development in particular natural gas.
- Iran: Tuesday, January 30 - 2007 at 10:01 |
OPEC strategy seeks to maintain $60 barrel price
- OPEC has called for a rare heads of state summit to be held in Riyadh later in 2007. It will be only the third such meeting since the cartel was formed in 1960. Observers see the move as indicating a much more prominent role for Saudi Arabia and OPEC in future international energy discussions.
- Saudi Arabia: Saturday, December 30 - 2006 at 17:05 |
Saudi gas programme accelerates
- Saudi Aramco believes that prospects from its latest gas find in the offshore Karan field are very high and could represent the biggest gas discovery yet made in the Kingdom.
- Saudi Arabia: Monday, November 27 - 2006 at 08:33 |
OPEC seeks to flex its muscles
- With huge economic expansion under way and salary increases to be paid for oil producing economies increasingly need to see revenues generated from petroleum prices well above $50 a barrel.
- Saudi Arabia: Wednesday, November 22 - 2006 at 08:08 |
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