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The Friday meeting between King Salman of Saudi Arabia and President Obama were termed as fruitful by Saudi Foreign minister Adel al-Jubair who also said that it had helped to reduce the oil-rich kingdom’s concerns over Tehran. Ties between the Read more
The Mediterranean “largest ever” offshore natural gas field has been discovered within the perimeter of the Shorouk Block in Egypt at a depth of 4,757feet by Italian energy company, Eni. The discovery made under the Zohr project is expected to put an Read more
U.S Secretary of State has warned that the disapproval of the July 14 Nuclear agreement with Iran would lead to a crisis of the dollar in the long term and the questioning of the country’s “leadership and reliability.” Some members Read more
President Rouhani has hailed the nuclear agreement reached with the world powers of the so-called P5+1 as an accord showcasing that the only way to reach a tangible solution is through political means. The president was speaking on a live Read more
The draft resolution concerning the deal reached by the P5+1 and Iran submitted to the Security Council during the weekend has been endorsed on Monday. The endorsement is a significant step towards the lifting of sanctions imposed by the Security Read more
The Italian giant Eni discovered gas reserves of up to 15 billion cubic meters in Egypt’s Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday. According to Egyptian oil ministry statement, Read more
Saudi Arabia has positioned itself in the global oil market as the main exporter of crude oil but the country is changing its methods by increasing the amount of crude oil processed in its local massive refineries that have already Read more
“It is a great honor for us to announce that we have reached an agreement on the Iranian nuclear issue.” It is in these words that the EU High Representative Federica Mogherini and Iranian Foreign Minister Javad Zarif announced the Read more
Mixed reports are emerging from the negotiations in Vienna and there are possible hints that the talks could end without any agreement. Although parties involved in the talks have been stating that they have never been so closer to an Read more
Iranian negotiators and P5+1 delegations at Iran’s nuclear program talks expressed on Monday their satisfaction over the turn of talks so far as they sound confident for a good deal on June 30 or beyond if need be. Iranian diplomats Read more