State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.
A Turkish Oil Ship has started to drill for oil and gas in the Mediterranean Sea on October 31, sparking fears over potential disputes with neighbors Cyprus and Greece over jurisdiction.
The Iraqi oil ministry aims to increase the country’s oil production capacity and further support foreign oil companies to overcome bureaucratic hurdles.
The Kuwait Petroleum Company (KPC) has signed a contract to supply crude oil to a privately owned Chinese oil refinery.
Saudi Aramco could decrease the official selling price (OSP) differentials of crude oil bound for Asia in December, according to traders.
Oil prices increased by 1% on October 31, a week before US sanctions are introduced against Iran's energy sector.
Libya’s al-Bayda oilfield has resumed operations following five months of inactivity due to heavy fighting.
UAE Emirate Ras Al Khaimah, the owner of RAK Gas, announced on October 29 signing an oil and gas production sharing agreement between the gas company and Tanzania's semi-autonomous region of Zanzibar.
The Bahraini cabinet approved full ownership of oil spill service companies by foreign firms and investors on October 29.
State-owned Algerian firm Sonatrach has signed two offshore exploration contracts with oil majors Eni and Total.
