News / International
Russia to Swap Food-for-Oil, Export Missiles to Iran
Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signaling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran.
French Total Eying a Return to Iran’s Post-Sanction Gas Reserves
French energy giant says it cannot ignore Iran’s natural gas potentials and will consider a comeback to the country as soon as the sanctions against it are lifted.
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.
