Oman: “Irresponsible” OPEC should review policies, oil Minister

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

Iran: Teheran appoints first female head of diplomatic mission since Islamic Revolution

Iran Sunday broke 40 years of man-led foreign policy monopoly as Foreign minister announced appointment of foreign ministry spokeswoman, Marzieh Afkham, as Iran’s ambassador to Malaysia. Announcing the appointment at a ceremony, Foreign Minister Mohammad Javad Zarif said “Choosing Afkham Read more

KSA: Asia will solve low oil & gas prices

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

Syria: ISIS on the retreat

Militants of the Islamic State had been on their back heels this week as they lost territories to the Assad government and to the rebels backed by the West and Arab States. Both sides owe their progress to Russia’s airstrikes Read more