New terms to ‘govern’ Joint Saudi-Kuwait Khafji oil field.
New terms to ‘govern’ Joint Saudi-Kuwait Khafji oil field
Read more
Energy\
Kuwait says oil market approaching stability.
Kuwait says oil market approaching stability
Read more
UAE’s ADNOC to build world’s largest petrochem site worth $45bn.
The UAE’s Abu Dhabi National Oil Company (ADNOC) said it would create the world’s largest integrated refining and petrochemicals complex
Read more
Saudi Arabia seeks oil as high as $100 in coming days.
Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three
Read more
Kuwait Fund to provide $15m loan to Pakistan’s Golen-Gol hydropower project.
Kuwait Fund for Arab Economic Development (Kuwait Fund) has signed an agreement to provide KD4,500,000 ($15m) loan to help develop
Read more
You can now pay for fuel with your smartphone.
British Petroleum has become the latest fuel retailer to launch a smartphone app-based payment system, called BPme. The system is
Read more
Kuwait Petroleum(KPC) to spend over $500bn by 2040.
Kuwait Petroleum Corp expects to spend over $500 billion as it boosts its crude oil production capacity to 4.75 million
Read more
GCC to require $131bn of power investment in next 5 years.
The Gulf Cooperation Council (GCC) will require $131bn worth of investment in electricity generation, transmission and distribution over the next
Read more
Saudi Aramco seeks $2bn loan from Japan.
State oil giant Saudi Aramco is reportedly seeking a $2bn loan from Japan’s export credit agency.Sources told Bloomberg Japan Bank for International
Read more
US firms invited to bid for Saudi nuclear plants.
Saudi Arabia has invited US firms to take part in developing its civilian nuclear power program, Energy Minister Khalid Al-Falih
Read more
$1trn oil investments deferred, cancelled, says Saudi Aramco CEO.
The head of oil giant Saudi Aramco said Tuesday that a lack of recent investments in the oil sector could
Read more
Dubai awards $3.8bn deal for final phase of giant solar park.
Dubai Electricity and Water Authority (DEWA) said on Saturday it has awarded the 700 MW AED14.2 billion ($3.87 billion) fourth
Read more
Saipem to win $800mln contract for Oman refinery .
Italian oil contract Saipem is expected to win a contract worth around $800 million as part of a project to
Read more
Kuwait’s Equate building $1.7bln petrochemical plant in the US.
Kuwait’s Equate is constructing a petrochemical plant in the US with an investment of $1.7 billion (Dh6.2 billion), the chief
Read more
Kuwait, Qatar to reduce oil production from January 1.
Oil companies in Qatar and Kuwait on Tuesday announced that they will reduce production levels from the beginning of the
Read more