Saudi Revenue From Oil and Products Rises 48%
Saudi Arabia’s revenue from exports of crude oil and other petroleum products jumped 48 percent in 2011 as shipment volumes...
Oil & Gas
Iraq signs energy exploration contracts
Iraq signed the gas exploration contract with Pakistan Petroleum Ltd. (PPL) for gas Block 8, which lies in the Diyala...
Lebanon ranks seventh for oil and gas investment
Lebanon ranked seventh in Middle East and North Africa in terms of attractiveness for upstream oil and gas investment, according...
Iraq crude production overtakes Iran
Iraq’s crude oil production overtook Iran’s last month for the first time since 1988, when the countries ended their eight-year...
Capital investment in Mideast energy projects to reach $470 billion by 2014
Capital investments in the Middle East energy sector will reach USD 470 billion by 2014, 47% of which will be...
GCC share of global oil reserves likely to rise to 70%
Share of the Gulf Cooperation Council (GCC) countries to the world oil reserves is predicted to rise from the current...
Iraq to export liquefied gas by end 2013
Iraq’s Oil Ministry spokesman, Assem Jihad, said he expects that liquidified gas will be exported from Iraq by the end...
Abu Dhabi's hydrocarbon investments now at $40b
Abu Dhabi is spending $40 billion on creating new infrastructure to boost oil and gas output, aside from building new...
Kuwait supports establishing a natural gas terminal in Aqaba
Minister of Planning and International Cooperation Jafar Hassan on Sunday met with Director General of the Kuwait Fund for Arab...
Russia’s Bashneft wins Iraqi energy contract
Russian oil giant Bashneft has been award the rights to explore for oil in the south of the country after...
The resource of credible, industry-specific updates