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The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say. This came as part of several other agreements signed between the two countries as Prime Minister Read more
Abu Dhabi National Oil Co. (ADNOC) is investing $187 million to expand the production capacity of the Al Nouf oilfield to 175,000 barrels per day (bpd) by 2024 from the current 160,000 bpd, Zawya reports, citing the company. By 2030, Read more
The Egyptian Defense ministry has chosen the country’s Sovereign Fund (SFE) to sell between 80 and 90 per cent of Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), reports say. SFE’s CEO Ayman Soliman told Reuters that Read more
The National Oil Company will reduce its production share by 139, 000 barrel per day from November to meet agreement with Organization of the Petroleum Exporting Countries (OPEC). The Country’s energy minister, Suhail Al Mazrouei said Abu Dhabi National Oil Read more
Oil and gas companies in the Middle East and North Africa will be on the alert after Symantec revealed that Anonymous will be launching an attack on them from June 20. The announcement of the cyber-attack is part of “Operation Read more
Abu Dhabi Oil Refining Company (Takreer), a subsidiary of Abu Dhabi National Oil Company (ADNOC), has concluded an EPC (Engineering, procurement and construction) agreement deal with the South Korean engineering giant Samsung for the construction of a carbon black and Read more