France’s Total to invest $27bn in four energy projects in Iraq

France’s energy giant Total has signed $27-billion with Iraq to invest in four giant energy projects, reports say, citing Iraqi Oil minister Ihsan Abdul Jabbar. The deal according to Jabbar aims to reduce Iraq’s reliance on fossil fuel. The company Read more

State-owned Abu Dhabi National Oil Co. injects $187m in Al Nouf oilfield to increase output

Abu Dhabi National Oil Co. (ADNOC) is investing $187 million to expand the production capacity of the Al Nouf oilfield to 175,000 barrels per day (bpd) by 2024 from the current 160,000 bpd, Zawya reports, citing the company. By 2030, Read more

Oman establishes national alliance to produce clean fuels including green hydrogen

The Sultanate of Oman has established a national hydrogen alliance to develop an industry for the production, transport and use of the fuel as part of a national plan to replace fossil fuels. The alliance, reports note, includes 13 institutions Read more

UAE hands over to Algeria former state-run oil giant boss wanted for corruption

The UAE have extradited Abdelmoumen Ould Kaddour, former boss the state-run energy giant Sonatrach, wanted in Algeria for corruption in two cases. The protégé of ex-leader Abdelaziz Bouteflika arrived Wednesday at Algiers international airport handcuffed, from Dubai. He was arrested Read more

Abu Dhabi-based Mubadala Petroleum acquires stakes in Israeli natural gas field

Emirati international energy company, Mubadala Petroleum signed a memorandum of understanding (MoU) with Delek Drilling to acquire 22 per cent of the Israeli company’s participation in Tamar natural gas field offshore in the Eastern Mediterranean. The deal pending approval of Read more