News / International
Iran Plans to Export Gas to Both Iraq and Kuwait
A high-ranking Iranian gas industry official says the Islamic Republic is ready to export natural gas to Kuwait via a pipeline, which is being built to transfer Iran's gas to its western neighbor, Iraq.
Islamic Bonds Balancing Saudi Oil Prices Losses
The slump in oil prices since June has done little to damp appetite for Shariah-compliant credit in the Gulf.
Lukoil Mulls Withdrawing from Saudi Gas Due to Oil Prices
Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said.
11 Firms Compete to Set Up Omani Dual Fuel-Fired Power Plant
A total of eleven companies are in the race for a key consultancy contract for the 120 MW Musandam independent power project (IPP) in Oman, said a report.
OPEC Market Share Plans Come Under Fire from Fellow OPEC Members
OPEC is making a mistake by seeking to preserve its share of global crude sales amid a global production glut instead of trimming output to prop up prices, Oman’s oil minister said.
GE Refocuses on Industrial, Plans to Sell Financial Unit
General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing.
IMF and World Bank to Consider Effects of Low Oil Prices
One of the big factors in considering ways to reduce poverty around the world is the availability and cost of energy.
Brazil Reconsidering Role of Foreign Firms in Deepwater
There’s a growing chorus of lawmakers advocating a bigger role for foreign oil companies in Brazil’s prized deepwater discoveries as the national producer grapples with the industry’s biggest debt load and funding constraints.
