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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
Investment into 10 new projects estimated to be ranging from $500million to $1 billion has been earmarked by the Takamul Investment Company as a move to add value to new and existing ventures in the petrochemicals, metals and minerals sectors. 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
Iraq’s Deputy Prime Minister for Energy, Hussain al-Shahristani, revealed the investment plans of the country to British businessmen during an investment conference in a bid to lure them into investing in the country as they struggle to rebuild from what 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
Saudi state-oil company Aramco suffered lately its biggest cyber attack ever that affected about 30,000 workstations of the firm. The attack, which apparently had no direct impact on crude production, forced the Saudi oil giant to shut down part of Read more
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
Following months of delay in the run up to its reactivation, Libya’s largest refinery, Ras Lanuf, will soon start operating by the end of the month. According to one of the senior officials of the National Oil Corporation (NOC), the Read more