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In its ambitions to increase its capabilities, the Kuwait Oil Tanker Company (KOTC) has announced that it will be expecting a total number of 9 brand new tankers to add to its current fleet by the year 2014-2015. These revelations Read more
The Federal government of Iraq has received another blow in its efforts to limit oil companies from dealing directly with the semi autonomous Kurdistan region. Despite warnings to desist from concluding a deal with the Kurdistan region, Total has directly Read more
Spanish oil engineering company Tecnicas Reunidas has won an $800m deal to build part of a petrochemical complex in Saudi Arabia. The deal for the Chem-III project, in the Jubail Industrial City II, was awarded to the Spanish company by Read more
Despite the military combats going on in the southern part of the country and the recent occupation of the premises of the interior minister, Yemen’s economy has received a boost as it delivers it first oil shipment from the Maarib Read more
The United Arab Emirates on Sunday launched a new offshore oil export terminal in Fujairah on the Gulf of Oman that will process up to 75 per cent of the Gulf country’s exports. The terminal has eight crude oil storage Read more
An Egyptian gas pipeline has come under attack again in the northern Sinai town of El-Arish. The recent attack was on a pipeline which exports fuel to Israel and Jordan. Attacks have become frequent since the uprising begun and this Read more
Alstom Thermal Power, an affiliate of French energy group Alstom, has won a $ 122 million contract to provide the steam tail for a gas-fired power plant under construction in Saudi capital of Riyadh. The PP12 plant, to be operational Read more
The United Arab Emirates has received a boost in realizing its dream of having a nuclear power plant to meet its rising electricity demand and reduce its expenses on the importation of crude oil after the acquisition of the no-objection Read more
In another boost to Iraq’s ambition to reach its post war output, the gas joint plant signed at the end of last year under an agreement worth 17 billion between Mitsubishi Corporation and the Royal Dutch Shell will soon be Read more
Crude oil from a vital Yemeni pipeline will start flowing again next week after months of suspension due to sabotage acts and attacks by militants forcing the Maareb oil facility to shut down and incurring losses estimated at $15 million Read more