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Oman’s oil minister Mohammed Bin Hamad Al Rumhy scolded the Organization of Petroleum Exporting Countries (OPEC) at the opening of the Abu Dhabi International Petroleum Exhibition and Conference for the low oil and gas prices due to “irresponsible” production and Read more
Saudi oil Minister Ali al-Naimi said that the current low oil and gas prices will be settled through increased demand in Asia. He said urbanization, population expansion, increasing prosperity and social mobility will lead to oil demand growth which will Read more
Algerian minister of energy Thursday picked on the managing staff of the national oil company who are, he said, slow to react to current plunging oil prices and to implement projects likely to revive the country’s economy. Speaking at a Read more
Saudi Arabian oil company Aramco will be reducing the prices of its oil this month and in November while some other oil producing countries are calling for an increase of prices. The decision is expected to help the Kingdom maintain Read more
The Iranian government is determined to increase its oil production as it works towards regaining its past glory as the second biggest producer among OPEC members before U.S, E.U and U.N economic sanctions. Global oil prices have been dropping since Read more
Israel emerged victorious on Thursday at the International Atomic Energy Agency General Assembly vote against a resolution calling for inspecting and monitoring Israel’s nuclear facilities including the reactor in Domina. The nonbinding resolution entitled ‘Israel’s nuclear capabilities’ was tabled by Read more
Iran’s President Hassan Rouhani has boasted that his country developed an air defense system that is still undisclosed and unknown to the world and that the two other newly unveiled home-made Bina and Nazir radar systems have unique features compared Read more
A report that was briefly posted on the website of Iranian state news agency IRNA before it was removed Saturday quoted the head of Iran’s Atomic Energy Organization, Ali Akbar Salehi, saying that “I cannot announce (the level of) Iran’s Read more
The United Nations announced on Thursday that peace talks to end the Yemeni war will begin next week but the venue is yet to be made public. The latest meeting in Geneva between Yemeni warring parties destined to seal a Read more
An agreement between Israel and Jordan for the exportation of natural gas from the Leviathan offshore natural gas field received a boost on Tuesday when the national planning and construction committee approved the construction of the gas pipeline on the Read more