Iraq acknowledges abuses committed against civilians in Mosul campaign

:: Iraqi Prime Minister Haider al-Abadi’s office said on Thursday a unit of the security forces committed “abuses” against civilians during the offensive to oust ISIS insurgents from the More »

UAE Minister: Qatar must end politicization of Hajj after King Salman initiative

:: The UAE’s Minister of State for Foreign Affairs, Anwar al-Gargash, said on Thursday that Qatar’s politicization of Hajj must come to an end following the initiative taken by More »

Iran reform leader Mehdi Karroubi on hunger strike over 6-year house arrest

:: Iranian opposition leader Mehdi Karroubi, under house arrest for the past six years, was hospitalized Thursday after going on hunger strike a day earlier to demand a trial More »

Who is Abdullah Al Thani, descendant of ruling family which built modern Qatar?

:: Sheikh Abdullah bin Ali bin Abdullah Al Thani is the second son of the late Emir Ali bin Abdullah Al Thani, the grandson of the Emir of Qatar, More »

De Mistura: October will be ‘decisive’ in Syrian crisis

:: The United Nations hopes for a “serious negotiation” between the government and a still-to-be-formed unified Syrian opposition in October or November, UN Special Envoy Staffan de Mistura said More »


Category Archives: Energy

Goldman Sachs seeks Saudi Aramco IPO role

:: Goldman Sachs has reportedly bought a portion of of Saudi Aramco’s $10 billion revolving credit facility in a move to seek a role in the listing of the company. The listing of 5 percent of the

Iraq gets loan from Japan to develop thermal power station

:: Iraq is promised to get a loan of $195 million from Japan to develop a thermal power station in Basra province, said an Iraqi government statement on Saturday. The loan was signed during a visit to

Is the US considering some sanctions on Venezuela oil sector

:: The Trump administration is considering imposing some US sanctions on Venezuela’s vital oil sector in response to Sunday’s election of a constitutional super-body that Washington has already denounced as a “sham” vote, US officials said. The

Oil gains after Saudi vows to cap crude exports next month

:: Oil rose on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed the rebalancing of global supply and demand. Saudi Energy Minister Khalid Al-Falih said his country

Oil ministers to meet in Russia as compliance focus turns to Africa

Essam Al-Marzouq

:: Oil exporters are set to meet in Russia on Monday to monitor compliance with production cuts as the focus turns toward output from Africa. Key OPEC and non-OPEC oil nations will discuss the situation in Libya

1st phase of Aramco’s industrial city to be completed in 2021

Khalid Al-Falih

:: Saudi Energy Minister Khalid Al-Falih said the newly approved industrial energy city project will help localize industries supportive to the energy sector. He said the decision to establish a new energy city aligns with the Vision

China, Pakistan experts discussing plans to set up nine special economic zones

:: Chinese and Pakistani experts are working on modalities for establishment of nine special economic zones (SEZs) alongside the China-Pakistan Economic Corridor (CPEC) mega project, a news report has revealed. According to a report in The News,

Nigeria to put off deciding whether to join OPEC cuts, minister says

:: Nigeria supports OPEC’s efforts to stabilize oil prices, but it wants to wait before deciding whether join the alliance’s cuts in oil production, its oil minister said on Wednesday. “Hopefully, in the next two to three

Saudi Arabia approves launching an ‘Industrial Energy City’ in the Eastern Province

:: The Saudi Council of Ministers approved the taking of necessary measures to establish an industrial city in the Eastern Region called “the Industrial Energy City”, in addition to allocating of 50 square kilometers of the reserved

Oil falls as banks cut price forecasts

:: Oil prices fell on Tuesday as global oversupply encouraged several banks to cut their forecasts for crude for this year and 2018. Brent crude was down 50 cents at $46.38 a barrel in mid-morning trade on

Saudi Aramco signs deal with foreign, local firms to build huge shipyard

:: Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of the government’s drive to diversify the economy beyond oil. A

Saudi Aramco takes ownership of the largest US oil refinery

:: Saudi Aramco now officially owns the largest oil refinery in America and the 600,000 barrels processed per day in Texas, a news report has revealed. According to a report in the Washington Times, Royal Dutch Shell

Saudi Aramco CEO says oil market rebalancing after OPEC-led cuts

Amin Nasser

The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production, the chief executive of Saudi Aramco said on Thursday. The

Iran boosts gas production from underwater field

Iran’s President Hassan Rouhani inaugurated five new phases of the South Pars gas field on Sunday, the result of some $20 billion in investment, local media reported. The ribbon-cutting of phases 17-21 pave the way for Iran

Saudi Arabia, UAE to look for joint strategic partnerships: Falih

Saudi Minister of Energy, Industry and Mineral Resources Khalid Al Falih said Saudi Arabia and the UAE have agreed to look for joint strategic partnerships at a joint retreat held here on Thursday. “This blessed journey will

To enhance transparency, OPEC and UAE to launch oil and gas database

OPEC and the United Arab Emirates’ ministry of energy will next week launch the first phase of a new global oil and gas database project aiming to develop an easy-to-use tool to analyse energy information and allow

Iran struggles to expand oil exports as sea storage cleared

Iran has sold all the oil it had stored for years at sea and Tehran is now struggling to keep exports growing as it grapples with production constraints, shipping and oil sources say. Since the easing of

Saudi Aramco raises $3 bln with debut sukuk – sources

Saudi Aramco has raised $3 billion (11.25 billion riyals) in its debut sukuk issuance, sources familiar with the matter said on Wednesday. The Islamic bond, part of a program to raise 37.5 billion riyals, is the oil

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