Global gas consumption to increase by 4% in 2013
Global gas demand is projected to reach 3,460.7 billion cubic meters (bcm) in 2013, constituting an increase of 3.6% from ...
Country: Middle East
Iran plans to boost annual exports to Iraq to $12 billion
Annual exports from Iran to Iraq is projected to reach $12 billion in the current Iranian calendar year, which ends ...
Global oil demand to grow to 89.57 mbpd
OPEC kept its forecast for growth in world oil demand unchanged for 2012 and 2013, as the organization's ministers gathered ...
Iraq seeks around 1 million tons more gasoil for 2013
Iraq's State Oil Marketing Company (SOMO) is seeking nearly 1 million tonnes of gasoil on behalf of the country's electricity ...
New contract signed to establish investment zone in Baghdad
The Iraqi Free Zones announced it signed a contract with a local company to establish a special zone to practice ...
Global food production to slow following boom
Global food production will slow over the coming decade following an exceptional but unsustainable rate of growth in developing countries, ...
Airlines to welcome 3.6 billion passengers in 2016
Iata expects airlines to welcome some 3.6 billion passengers in 2016. That's about 800 million more than the 2.8 billion ...
Iraq needs 640 banks for economic development
Financial experts recently said that the number of current Iraqi banks, with few branches, is not enough to contribute to ...
Iraq seals 2013 gasoil contract with Vitol and BP
The State Oil Marketing Organization (SOMO) of Iraq has finalized an agreement to buy up to 1.097 million tones of ...
Kuwait budget surplus to hit $44.7 billion
Kuwait's budget surplus for the first six months of FY 2012/13 reached KD12.6 billion ($44.7 billion) before allocations to the ...
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