News / International

Bombing of Eni JV in Libyan Capital of Tripoli

Three days after ENI’s announcement of the “biggest ever” Mediterranean natural gas deposit in the Mediterranean Sea, a car bomb went off in front of the headquarters of Mellitah, an oil and gas joint venture between the Italian company and the Libyan state oil firm NOC.

Saudi Arabia, Egypt to Join Forces in Nuclear Energy

Saudi Arabia announced its intention to work bilaterally with Egypt in several fields, including the peaceful use of nuclear energy,

Defiant Sudan Leader in China Despite ICC Arrest Warrant

Sudanese President Omar Hassan al-Bashir on Monday began a four-day visit to China, reported International Business Times, oblivious of a warrant for his arrest issued by the International Criminal Court (ICC).

Iran Finalizing Oil Contract Law, Drawing Indian Investments

Reuters reported that Iran expects to finalise the wording for a new model for international oil contracts in the next three weeks, based on an announcement by Iran's Oil Minister Bijan Zanganeh.

Oil Prices and Saudi Boom and Islamic Finance Cycles

Rising oil output boosted Saudi Arabia's economic growth to its fastest pace in over a year in the second quarter of 2015, according to data released by the country's state statistics department

Sandvik’s Global Metallic Efforts on Behalf of UAE Oilfields

Sandvik Materials Technology, a division within the Sweden-based Sandvik Group, has just won two important contracts in the UA

South Africa Inaugurates New Unit at Coal Power Plant

South Africa’s President Jacob Zuma inaugurated the new unit of a massive new coal-fired power plant situated north of Johannesburg recently.

Aramco Fire Kills 11, Causes Unknown but Under Investigation

A fire at an oil workers' residential compound in Saudi Arabia broke out on Sunday, killing 11 people and injuring over 200 others,

Oman Floating Storage Facility Wins International Attention

Oman Tank Terminal Company (Ottco) has recently launched a new 2.1 million barrel capacity floating storage facility at Mina Al Fahal

South Africa to Transfer Critical Technology and Mediate Investors, if Iran Sanctions Lifted

According to Tansim News Agency, South Africa has formally announced its readiness to resume crude imports from Iran, once sanctions were fully lifted.

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