Leading News Source For Middle East
Lebanon and Egypt inked, on Tuesday, a deal to import Egyptian gas to a power plant in northern Lebanon through Syria, reports say. Per deal, Egypt will send 650 million cubic meters of gas through Syria to Lebanon annually. The Read more
Qatar has made its entry among the world’s leading countries for entrepreneurs per the 2020 assessment index for 50 countries around the world by Global Entrepreneurship Monitor (GEM). GEM’s National Entrepreneurship Context Index (GEM NECI) ranks the Gulf country 9th Read more
Saudi Aramco has discovered natural gas fields in four regions of the kingdom according to the country’s Energy Minister Prince Abdulaziz bin Salman. The discovery, according to the minister, was made in Shadoon, in the central region, Shehab and Shurfa, Read more
State-run Qatar Energy will acquire 17 per cent shares in two Shell-operated concessions (Block 3 and Block 4) in Egypt’s Red Sea region, Reuters has reported. Shell will remain the main operator of the concessions. The acquisition underlines the diplomatic Read more
Kuwait, a major OPEC member, has cancelled two gas projects due to a Coronavirus-induced policy to trim capital expenditure in the hydrocarbon industry, reports say. Kuwait Oil Company (KOC), state company and owner of the projects, decided to abolish the Read more
Egypt has delivered to six companies nine permits to search oil and natural gas in the Mediterranean and the Red Sea concession areas, Arab Finance reports. The agreements will bring a minimum investment of over $1 billion targeting 17 new Read more
German car maker Volkswagen is contemplating the possibility of manufacturing natural gas-powered vehicles in Egypt, reports say. Volkswagen, Arab Finance reports citing AI Mal News is in talks with Egypt’s Arab Organization for Industrialization for a seven-year deal partnership deal. Read more
The Egyptian capital Cairo has been chosen to house the headquarters of the eastern Mediterranean Gas Forum, Arab Finance reports citing statement from Ministry of Petroleum and Mineral Resources. Egypt, Jordan, Greece, Cyprus, Italy, and Israel according to the ministry Read more
Qatar, India’s largest liquefied natural gas (LNG) supplier, Monday said it will not reduce the price of gas under current and long-term deal as requested by New Delhi, reports say. Energy Minister Saad Sherida al-Kaabi who also doubles as head Read more
DNO Oman Block 8 Limited, the subsidiary of the Norwegian firm DNO ASA has handed over its stakes in the operation and participation of Block 8 to the Sultanate of Oman’s Ministry of Oil and Gas (MOG) and state-owned Oman Read more