05/02/2012 07:46 GMT
Gulf Keystone Petroleum Ltd. (GKP), a London-listed oil and natural gas explorer, said that the transfer of the company’s interest in the Hassi Ba Hamou permit in Algeria has advanced. All required...
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06/02/2012 08:34 GMT
A pioneering project to create a center where plants, fruits, and vegetables are grown without soil will finally get underway in Bahrain next month. The Green Roof Company, which originally proposed...
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06/02/2012 06:06 GMT
A blast hit a gas pipeline running from Egypt to Israel on Sunday, witnesses and state television reported. The pipeline, which also supplies gas to Jordan, has come under attack at least 12 times...
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06/02/2012 10:09 GMT
The contract for developing Changouleh Oil Field has been signed with a local company affiliated to Dana Energy Group, reports say.
The contract was signed on Monday, 6 February, with the presence...
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06/02/2012 06:00 GMT
The productivity of Iraqi Oil Refineries is expected to increase in early 2012," the Oil Ministry's Official Spokesman said.
The Iraqi oil refineries have produced an average daily gasoline of 12.7...
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05/02/2012 07:14 GMT
Kuwait and KSA are pushing ahead with plans to develop the undisputed part of the offshore Dorra gas field with the front-end engineering and design (FEED) work expected to be completed by June,...
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06/02/2012 07:10 GMT
Libya's AGOCO is producing around 300,000 barrels per day (bpd) and hopes to reach full production in April, later than previously thought because of electricity problems at some fields, a spokesman...
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06/02/2012 05:30 GMT
Portugal’s government said it is selling a 40% stake in national grid operator REN to China’s State Grid Corp. and Oman Oil for a combined 592 million euros (US$778 million). Portugal is privatizing...
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06/02/2012 06:09 GMT
Qatar's intention to reduce its fiscal dependency on the hydrocarbon sector will take considerable amount of time. The recent increases in its current expenditures and the large public sector salary...
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06/02/2012 08:32 GMT
The “Saudi Small and Medium Enterprises Forum” will open Tuesday with a keynote speech from Minister of Finance Ibrahim Al-Assaf in Riyadh. The Al-Iktissad Wal Aamal Group is organizing the event in...
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06/02/2012 07:57 GMT
Emirates Float Glass (EFG), a leading manufacturer of architectural flat glass in the Middle East, said it has won a special award of appreciation from the Department of Economic Development (DED) of...
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29/01/2012 07:01 GMT
An online story from a news site in Yemen that claims Nexen Inc. attempted to bribe officials is being repeated on several Middle Eastern news websites. The Yemen Post published a story Friday...
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06/02/2012 08:29 GMT
Several GCC carriers have been forced to cancel their UK flights after heavy snow blanketed much of the country on Sunday morning. Emirates Airline was the worst hit, halting four flights from its UK...
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