Leading News Source For Middle East
Dumat Al-Jandal Wind Farm Project has won the Project Finance International (PFI) Renewable Deal of the Year in Middle East and Africa Award for 2019. This comes after the project achieved a new record represented in recording the lowest flat Read more
Qatar, India’s largest liquefied natural gas (LNG) supplier, Monday said it will not reduce the price of gas under current and long-term deal as requested by New Delhi, reports say. Energy Minister Saad Sherida al-Kaabi who also doubles as head Read more
Sound Energy company has sealed an agreement with Morocco’s Office National de l’Electricité et de l’Eau Potable (“ONEE”) for the sale of the Company’s natural gas production in the Tendrara concession in Eastern region of the North African country. The Read more
Saudi Arabia’s General Investment Authority (SAGIA) has announced at the World Energy Congress it awarded six investment licenses worth $240 million in the energy sector. The licenses cover businesses in solar energy development, manufacturing and energy efficiency. The licenses were Read more
Reliance Industries Limited Monday said Saudi Arabia’s global oil giant Aramco is in line to acquire 20 per cent of oil to chemicals business. The investment, according to Reliance Industries Limited chairman, Mukesh Ambani, is the biggest by a foreign Read more
Qatar Petroleum Monday announced it acquired a new exploration and production deal with Total Guyana, in Latin American. The deal involved two blocks, Orinduik and Kanuku. Under the agreement subject to customary regulatory approvals by the government of Guyana, the Read more
Eni has announced that production from South West Meleiha Development Lease, located in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa, has started. The current production, delivered through two oil producer wells, is around 5.000 Read more
DNO Oman Block 8 Limited, the subsidiary of the Norwegian firm DNO ASA has handed over its stakes in the operation and participation of Block 8 to the Sultanate of Oman’s Ministry of Oil and Gas (MOG) and state-owned Oman Read more
UAE’s Federal Electricity and Water Authority (Fewa) will build a 200MW solar energy plant in the northern Emirate of Umm Al Qaiwain under an agreement between the federal authority and the local government of the emirate. The project will be Read more
Kuwait’s Prime Minister Jaber Mubarak Al-Sabah has accepted the resignation of oil minister, Bakhit al-Rashidi who has been under fire by lawmakers over mismanagement of the country’s oil industry, which provides 90 per cent of public revenue. Al-Rashidi submitted his Read more