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Sold in 2006 through a public tender by the government of Bahrain, the Hidd Power Company was bought by the GDF Suez Energy International and Sumitomo Corporation, a consortium of International Power. The International Power has recently officially announced the Read more
Taking into consideration the imposed US and EU sanctions, Iran has decided to take in other currencies other than the Dollar and the Euro in exchange for its oil. It is seen by many as a threat to the US Read more
Bahrain has taken a bold decision to modernize, expand and raise the standard of its oil and gas industry in order to maximize its effectiveness. An investment of US $15 billion in oil and gas industry over a period of Read more
Having a total capacity of 12,5 million barrels per day but pumping only around 10 million, the kingdom of Saudi Arabia has promised to fill any gap caused by sanctions on Iran. However, OPEC countries are divided over the increment Read more
Sanctions aimed at Iran because of its nuclear program have motivated the United Against Nuclear Iran (UANI) to ask for the suspension or expulsion of Iran from the International Monetary Fund (IMF) and the closure of all the IMF accounts Read more
One of the most improvised states in the Arabian Diaspora and has battling with the presence of Al Qaeda forces on its territory is suffering from serious fuel shortages. Yemen’s oil industry has come under series of attacks and the Read more
Turkey has started onshore drilling for oil and gas on the disputed island of Famagusta that it is engaged in with Cyprus. Cyprus described the action as a violation. Since 1974, Cyprus has been, divided when Turkish troops occupied its Read more
The kingdom of Morocco has prolonged the limit of the bid for the 850 MW wind farm. This was done to get reasonable bidders as those who bided before for the procurement were not taken into account because theirs were Read more
Heavily dependent on oil imports from around the region to meet the energy demand of its citizens, Jordan is opting to construct a nuclear plant to ease the pressure. The multimillion dollar facility is facing very tense criticism and opposition Read more
The gas supply between Egypt and Israel has come to a sudden end. The unpopular deal which was signed by the then president Mubarak was seen as a prejudice by the Egyptians because it is believed that Israel got the Read more