The stability of the local exchange rate for the US Dollar, will save the Egyptian government an estimated EGP 250m...

Iran has announced that it needs $20b in investment, paid in $600m monthly installments, to launch the remaining phases...

Dutch oilfield services company Frames, in partnership with aQuaintance, has successfully completed the design and manufacturing of four solar...

An Estonian-Malaysian consortium has recently signed a $1.6b contract to set up a 470MW oil shale power plant in...

Kuwait has decided to permanently shut down its heavy oil cracking unit at its Shuaiba refinery, reported Trade Arabia....

Saudi Kayan Petrochemical Co. reported a net loss of $166.3m in the Q4 of 2015, the first major petrochemicals...

EGPC raised its LPG cylinders supply to local market to 1.23m cylinders a day, compared to the  1.1m during the summer...

Egypt Air’s dues to EGPC have expanded to reach EGP 7b, rising from EGP 5.5b in under six months, reported Al Borsa. ...

Bahrain is looking into launching a new international bid round for offshore gas exploration, seeking to reduce its dependence...

The European Union could import gas from newly discovered deposits in the Eastern Mediterranean in an attempt to diversify...