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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
Sanctions aimed at Iran because of its nuclear program have motivated the United Against Nuclear Iran (UANI) to ask for the suspension or expulsion of Iran from the International Monetary Fund (IMF) and the closure of all the IMF accounts Read more
One of the most improvised states in the Arabian Diaspora and has battling with the presence of Al Qaeda forces on its territory is suffering from serious fuel shortages. Yemen’s oil industry has come under series of attacks and the Read more
Border demarcation has been a problem between Sudan and South Sudan since the latter gained its independence. However, oil fields along the border have giving birth to difficulties in separating the two sides especially when it comes to the town 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
Kuwait is planning to increase its oil production capacity from 3 Million barrel per day to 4 M/bpd by 2020 to meet rapidly soaring local, regional and international demands. To reach that goal, the Gulf state will carry out new 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
Saudi Arabia oil minister has affirmed that his country has the capacity to fill any loss of crude oil production that may occur from the new international sanctions banning all oil imports from Iran for its persistence to continue its 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