An Iran-Israel oil pipeline company established decades ago and a new Israeli firm that is about to replace it will be able to continue to
Category: Mena
Iraq’s Looking Abroad to Revamp Its Oil Industry
Iraq is looking for international companies to demonstrate their interest in building a new export pipeline from the Kirkuk oilfields in the north of the
Iraq Signs Deal with Iran to Swap Kurdish Oil
Iraqi Oil Minister Jabar al-Luaibi said over the weekend that a deal signed with Iran to swap as much as 60,000 barrels per day of
Market Update: OPEC’s Global Oil Production Cuts Extended till End 2018
OPEC and non-OPEC oil producing countries agreed last week (30 November) to prolong the oil production cuts until the end of next year as they
Oil Market Update: Saudi Arabia and Allies Ready to Extend Supply Cuts
Saudi Arabian Crown Prince Mohammed bin Salman announced that his country would limit the current oil production beyond a deal among both OPEC and non-OPEC
Oil Market Update: Compliance with OPEC’s Production Cut Deal ‘Extremely High’
The global oil market is stabilizing thanks to the full compliance of the OPEC countries to the cartel-administered deal that seeks to curb supply in
OPEC Head Urges All Producers to Join Production Cuts
OPEC’s Secretary General Mohammed Barkindo urged US shale oil companies to help curb global oil supply warning that the market might need to be rebalanced
Gulf’s Pilot Potash Project: Oman Set to Launch Potash Production in 2018
Gulf Mining Group is looking to develop a pilot potash project that will start operations next year. The group aims to produce 20-40 tons of
Saudi Arabia “Flexible” on Oil Output Freeze Deal Extension
Saudi Arabia said it was flexible regarding the extension of a deal between OPEC, Russia and other producers on cutting oil supplies until the end
Kurdistan’s Oil Revenue Threatened Following Independence Vote
Iraqi Kurdistan’s independence referendum has once again brought attention to its oil industry. This prompted Turkish President Recep Tayyip Erdogan to threaten to cut off