Energy Kuwait to spend $40bn to boost oil output to 4mn bpd by 2020 DOHA: Kuwait plans to invest around $40 billion to boost its oil production capacity to 4 million barrels per day (bpd) Published 13 Nov, 2014 01:18pm
Energy Adnoc finalises 2015 jet fuel term contracts at lower premium SINGAPORE: Abu Dhabi National Oil Co has finalised its 2015 jet fuel term contracts at slightly lower levels than the cu Published 11 Nov, 2014 03:43am
Energy Kuwait oil minister says doesn't think OPEC will cut ABU DHABI: OPEC is unlikely to decide to cut its oil output ceiling at its next meeting on Nov. 27, Kuwait's oil min Published 10 Nov, 2014 12:27pm
Energy Fall in oil prices costs Iraq 27pc of expected revenues BAGHDAD: The sharp decline in global oil prices has "greatly affected" Iraq, costing the country 27 percent of its proje Published 08 Nov, 2014 10:38am
Energy Saudi Aramco says operations unaffected by pipeline leak RIYADH: Saudi Aramco operations are unaffected by a leak and fire which hit a diesel fuel pipeline near the capital Riya Published 06 Nov, 2014 08:08am
Energy Jordan Petroleum seeks 120,000 tonnes gasoline for Dec-March SINGAPORE: Jordan Petroleum Refinery is seeking about 120,000 tonnes of gasoline for delivery over late December to Marc Published 06 Nov, 2014 04:14am
Energy Italy's ENI sees first oil from Congo's Nene field soon CAPE TOWN: Italian oil and gas firm ENI expects first oil from its Nene field, off the coast of Congo, before year-end a Published 05 Nov, 2014 08:42am
Middle East Africa Energy Frontier fund selling weighs on UAE, Qatar DUBAI: Selling by foreign frontier funds sparked heavy profit-taking in the United Arab Emirates and Qatar on Thursday. Published 30 Oct, 2014 03:28pm
Energy Kuwait plays down row with Saudi over shared oilfield KUWAIT CITY: Kuwait has played down a row with Saudi Arabia over its decision to halt production at an offshore oilfield Published 27 Oct, 2014 08:19am
Energy Kuwait keeps wide discount to Saudi oil in market share battle SINGAPORE: Kuwait has maintained a wide discount between the crude it sells to Asia against a comparable Saudi Arabian g Published 15 Oct, 2014 07:02am
Energy France's Total wins Egypt gas exploration licence CAIRO: French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the Published 29 Sep, 2014 01:41pm
Energy Iraqi Kurds ship 13.7mn bbls oil since May, earning $1.3bn ISTANBUL: Iraqi Kurdistan has shipped a total of nineteen tankers carrying 13.7 million barrels of crude oil since May v Published 25 Sep, 2014 12:01pm
Energy Egypt tenders to buy fuel oil for Oct-Dec DUBAI: Egypt's state-owned oil company has launched a tender to import hundreds of thousands of tonnes of fuel oil f Published 22 Sep, 2014 08:14am
Energy Oil market long term fundamentals robust-Saudi dep oilmin DUBAI: Long term oil market fundamentals are robust and short-term price moves have little meaning for Saudi Arabia, the Published 17 Sep, 2014 08:42pm
Middle East Africa Energy Iraq's oil output revival at stake for want of water DUBAI: A lack of water threatens Iraq's plans to raise its oil output, boost its stumbling economy and become a lead Published 17 Sep, 2014 12:33pm
Energy Kuwait KNPC names NBK finance advisor for $12bn refinery upgrade DUBAI: Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it Published 14 Sep, 2014 05:15pm
Energy Eskom to raise more debt, get state equity injection JOHANNESBURG: South Africa's government has approved a support package for state-run power utility Eskom, which will Published 14 Sep, 2014 04:55pm
Energy Algerian oil sails to Venezuela and US, boosting rival grades LONDON: CPC Blend and Azeri prices strengthened on Friday as traders cited large exports from the region of rival Algeri Published 12 Sep, 2014 06:00pm
Energy Yemen patches crude pipeline sabotaged by tribesmen, pumping resumes SANAA: Yemen resumed pumping crude through its main export pipeline after repair works were completed, the interior mini Published 10 Sep, 2014 06:36pm
Energy Kuwait OPEC governor expects oil to return to, hold $100 level KUWAIT: Kuwait OPEC Governor Nawal Al-Fuzaia said on Wednesday that a recent drop in oil prices was due to a rise in sup Published 10 Sep, 2014 12:35pm
Energy South Africa says hopes to resume Iran oil imports in three months PRETORIA: South Africa is looking to resume oil imports from Iran, once its biggest supplier of crude, and hopes to reso Published 09 Sep, 2014 12:32pm
Energy Egypt puts back first LNG import terminal start to December CAIRO: Egypt will complete a liquefied natural gas (LNG) import terminal by December, oil minister Sherif Ismail said on Published 09 Sep, 2014 08:34am
Middle East Africa Energy Somalia accuses Norwegian oil explorer DNO of destabilising country NAIROBI: Norwegian oil company DNO and other small explorers are destabilising Somalia, the African country's petrol Published 03 Sep, 2014 05:39pm
Energy Nigerian oil exports revised up LONDON: Nigeria will export about 1.86 million barrels per day (bpd) of crude oil in October, slightly more than earlier Published 02 Sep, 2014 05:26pm
Energy Iraq oil exports average 2.375mn bpd in August: officials BAGHDAD: Iraq's oil exports fell in August to an average of 2.375 million barrels per day (bpd) from 2.442 million b Published 01 Sep, 2014 04:56pm
Energy Shell sells some Nigerian onshore oil fields LONDON: Royal Dutch Shell said it had reached deals on some of the four Nigerian oil fields it has offered for sale as t Published 27 Aug, 2014 05:13pm
Energy Kuwait's KPC in oil deal to export 300,000 bpd to China KUWAIT: Kuwait has concluded a deal with a China's Sinopec trading arm to export 300,000 barrels per day (bpd) of cr Published 18 Aug, 2014 09:43am
Energy Israeli tycoon claims huge oil find in DR Congo KINSHASA: A company owned by Israeli mining magnate Dan Gertler said it has discovered vast potential reserves of oil in Published 11 Aug, 2014 07:15pm
Energy UAE's Dana Gas Q2 net profit jumps 70pc on higher production DUBAI: Dana Gas, the United Arab Emirates energy firm, said on Wednesday that its second-quarter net profit jumped 70 pe Published 06 Aug, 2014 05:38am
Middle East Africa Energy Iraq oil exports reach 2.442mn bpd in July BAGHDAD: Iraq's oil exports increased in July to an average of 2.442 million barrels per day (bpd) from 2.423 in the Published 04 Aug, 2014 12:56pm
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In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn