Middle East

Dana Gas Signs GPEA in Egypt

Dana Gas’ wholly-owned subsidiary, Dana Gas Egypt, has concluded a Gas Production Enhancement Agreement (GPEA) with the Egyptian Natural Gas Holding Company (EGAS)

UAE Firm to Build Egypt's First Coal-Fired Power Plant

An Abu Dhabi-based private firm is leading a consortium to build Egypt's first coal-fired power plant in the Suez area to meet the country's acute power shortage,

OPEC Oil Output Hits Highest Since 2012

OPEC's oil supply jumped to its highest in almost two years in September, a Reuters survey found, due to further recovery in Libya and higher output from Saudi

Protesters in Eastern Libya Close Second Oilfield

Protesters blocking Libya's Abu Attifel oilfield closed another field, blocked a road and seized a company plane, a security official and activist said on Tuesday.

Rouhani: 'Courageous Decisions' Needed to Clinch Nuclear Deal

Iran President Hassan Rouhani said on Friday "courageous decisions" must be made to clinch a long-term nuclear agreement and that any deal without the lifting of

Brent Crude Near US$97 but Set to Fall on Supply

Brent crude traded near $97 a barrel on Friday, but was set for its third weekly fall in four, as hefty supplies erased price gains and outweighed concerns that

Oil Weakens More on Rising Supply

Brent crude fell further under $97 a barrel in choppy trading on Thursday as abundant supply and a strong U.S. dollar largely outweighed worries conflict in the Middle East disrupting output.

Hiab's Distribution Partnership in the Middle East

  Hiab, part of Cargotec, and Gavelås Förvaltning AB have signed an agreement regarding a long-term distribution partnership in the Middle East region. As a part

Dubai Group Interested in Albania Deepwater Port Project

Dubai companies have expressed their investment interest in the development of Albania's Durres Port and Shengjin Port, according to Xinhua News Agency. Albanian

Saudi Could See Budget Deficit Next Year, Risks Draining Reserves

Saudi Arabia's state finances could fall into the red next year and the country could start running down its huge foreign reserves if it does not rein in the growth of government spending,

Kuwait to Ship Crude to Egypt in October

Kuwait said on Wednesday it would ship around two million barrels of crude oil in early October to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.

Royal Navy of Oman Takes Delivery of Damen Clipper

Proud ceremony follows sophisticated Sail Training Vessel’s successful sea trials On September 12, the Royal Navy of Oman formally accepted ownership of its

Ashmore-Led Group Sells Saudi Waste Management Firm to Gulf Group

A group led by fund manager Ashmore Group plc has sold a Saudi waste management company to a group of Gulf private equity firms, one of the buyers confirmed on Wednesday,

Oil Slips Towards $96 as Libyan Output Returns

Oil fell towards $96 a barrel on Wednesday as rising supply from Africa and Iraq offset mounting tensions in the Middle East and better-than-expected data in China.

Yemen Fuel Prices Cut Under Deal Between Gov't, Rebels

Yemen has cut fuel prices by around 15 percent, the state oil company said on Wednesday, rowing back on price rises that were introduced in July and triggered unrest

Slew of Spanish Lawsuits Filed over Renewable Energy Reforms

Spain's Supreme Court has accepted at least 125 lawsuits so far this month from firms and individuals fighting energy reforms, official data showed, after the government

DMCC Employs Zarghamian

Dan-Bunkering (Middle East) DMCC announced that Sahar Zarghamian joined the company on August 11 in the position of Bunker Trader. Sahar who was born in Iran

Oil Prices Fall on Sluggish Demand, Ample Supply

Crude oil futures fell on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization

Azerbaijan Expects Absheron Gas Production Start in 2021

French oil firm Total is expected to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021, the Azeri energy minister told a local newspaper,

China's Navy Enters Strait of Hormuz

Bandar Abbas, home of Iran's navy and the main port in the strategically important Strait of Hormuz, is currently hosting two Chinese naval vessels on a five-day goodwill visit,

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