News / International
Iran, Armenia To Establish a Free Trade Zone
Iran and Armenia are expected to create a free economic trade zone that is going to expand relations between Iran and the Eurasian Economic Union (EEU).
Saudi Arabia Signed 15 Agreements with China
Saudi Arabia signed 15 preliminary agreements with China, late August, upon Deputy Crown Prince, Mohammed bin Salman's visit and meeting with China's Vice Premier, Zhang Gaoli.
Yemeni Forces Attacked Aramco Facility
Yemeni forces fired ballistic missiles at the facilities of the Saudi state oil giant, Aramco, in the southwest of Saudi Arabia and Abha airport in Assir province in retaliation to Saudi attacks on a southwestern province of Saada.
Kuwait Bumped Oil Price to $44 a Barrel
Kuwait Petroleum Corporation (KPC) stated that the country increased oil prices increased by $0.13, late August, from $43.87 per barrel to reach $44 per barrel
Oman’s Crude Exports Grew by 6.2%
Oman’s crude oil exports grew by 6.2% during the first seven months of 2016. However, the average price of Omani crude fell by 39.9% in the overseas markets during the same period of time, resulting in a net revenue decline by almost 48%.
Armed Forces Shutdown 2 Libyan Oil Fields
Libyan armed force, which control some of the country's southern oilfields, has shutdown the Gulf and Al Wafa fields, because the government has not paid the funds needed to maintain security operations.
Tamar, UFG Negotiating Gas Pipeline
Israeli Tamar Partnership and the Spanish energy company Union Fenosa Gas (UFG) are holding talks on a possible pipeline gas supply deal reviving the 2014 memorandum of understanding that has since been halted over the Israeli domestic disputes regarding energy market regulatory issues.
Van Oord Completed Land Reclamation for Kuwaiti Refinery
Netherland's' Van Oord has successfully executed ground improvement for the Kuwait National Petroleum Company (KNPC). The project included reclaiming 65mcm of sand and extensive soil improvement to be used in constructing Al-Zour refinery, the largest oil refining plant in the Middle East.
