Leading News Source For Middle East
Worldwide weapons sales by the United States in 2011 hit a record high totaling $66.3 billion, making the U.S. responsible for more than three-quarters of the global worldwide weapon sales that nearly doubled to $85.3 billion, according to a new Read more
The $232 million Phase II project of the Saih Rawl Depletion Compression (SRDC2) on behalf of Petroleum Development Oman (PDO), the country’s first oil and gas exploration and Production Company, has been awarded to an Indian-based engineering and construction conglomerate Read more
An Egyptian gas pipeline has come under attack again in the northern Sinai town of El-Arish. The recent attack was on a pipeline which exports fuel to Israel and Jordan. Attacks have become frequent since the uprising begun and this Read more
Russian oil company Bashneft has won a contract to explore for oil in Iraq’s southern provinces of Muthanna and Najaf. Two other big Russian oil firms, Lukoil and Gazprom, have already won exploration bids in Iraq which is looking forward Read more
After several unsuccessful exploration attempts at the Risha gas field, British Petroleum (BP) made it public on Monday that they have begun drilling at the first well last week. A four year authorization to end in 2013 was handed over Read more
After Egypt’s decision to bring an end to their two decade deal with Israel in April, the Jewish state was forced to start searching quickly for other options to meet its energy needs. Israel had to ask the companies present Read more
The Turkish Army has released a statement claiming the violation of their airspace by an Israeli aircraft. The release said the incident took place over the Turkish Cyprus airspace. The Israeli fighter is said to have violated the Turkish airspace Read more
Ranked fourth in the world and having more than 6 trillion cubic meters of gas, the United Arab Emirates has received the nod from its Federal Cabinet to join the Gas Exporting Countries Forum (GECF). The Federal Cabinet meeting held 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
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