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Omani foreign affairs minister Yousuf bin Alawi bin Abdullah met with President Rouhani on Sunday and both officials expressed their wish to increase cooperation between the two countries. The Iranian president described bilateral ties as excellent and hoped that economic, Read more
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
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
King Abdullah’s visit to Egypt has ended with both states hoping to reinforce their bilateral cooperation. High on the agenda was terrorism and security related issues. A plan to build a natural gas pipeline from Iraq to Jordan that will Read more
After going through difficulties which resulted to the accumulation of more than $3.95bn in debts due to the production of electricity from fuel rather than gas that used to be imported from Egypt has forced Jordan to look for other Read more
Pre-feasibility studies for a major power project in southern Turkey by the Abu Dhabi National Energy Company in collaboration with Electricity Generation Company Incorporation have been accomplished. The two governments of both companies are supportive to the project in a Read more
A report from Arab Petroleum Investments Corp has revealed that oil producers in MENA are planning a total investment of US$740bn on energy projects over the next 5 years (2013-2017). The five countries leading the investment table are Saudi Arabia Read more
As protesters and riot police clash in Tehran over the sharp falls of the country’s currency, the EU is getting ready to implement a ban on Iranian gas imports into Europe, diplomatic sources hinted. Iran’s refusal to halt its nuclear Read more
A specialized oil and gas free zone will be build on a 11 million square meter land at Khor Al-Zubair area in Basra in a joint venture agreement between Iraq General Commission of Free Zones and BIOGH Basra International Oil and Read more
Hopes in Lebanon are high as reports carry out that its offshore natural gas deposits in the eastern Mediterranean is greater than that of Cyprus and Syria after a just it concluded 3D seismic survey, citing the CEO of Norway-based Read more