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The new Egyptian leaders have decided to annul the natural gas deal with Israel, a move which will add further tension and trouble to the already strained relations between the countries since the fall of the regime of Hosni Mubarak, Read more
The crude & gas reserves of the Arab Gulf countries are estimated $65 trillion, or one third of the overall world hydrocarbon reserves, says QNB Capital in its latest analysis. The GCC oil & gas reserves represent 93 pc of Read more
French energy producer & provider company Total has acquired a 40 pc stake in an exploration license in Yemen from Oil Search, Papua New Guinea oil and gas Company, for around $40 million. “With this new acquisition, Total is pursuing Read more
The tunisian industry ministry has said it is planning to invest $ 1.7 billion to boost hydrocarbons output in 2012. The move, which also includes exploration drilling in 24 new oil sites, is destined to enable the North African country Read more
Jordan and Qatar planning to build a gas terminal in Aqaba to reduce the Hashemite kingdom dependence on gas imports from Egypt. These imports were lately disrupted by terrorist attacks targeting the pipeline carrying Egyptian gas to Jordan and Israel. Read more