News / International

Venezuela to Pay Compensation for ‘Lawful’ Vessel Nationalizations

A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory.

Saudi Prince: Iran Nuke Deal Introduces Needless Global Instability

Any terms that world powers grant Iran under a nuclear deal will be sought by Saudi Arabia and other countries, risking wider proliferation of atomic technology, a senior Saudi prince warned on Monday in a BBC interview.

Oil Prices Push Gulf Equity Markets Down, March Summit Push Egypt Stock Up

Gulf equity markets may stay depressed on Monday after oil prices extended losses and corporate news provided little encouragement

Saudi Advisor: Oil Prices to Stabilize, Supply-Demand to Remain Healthy

Oil prices have started to stabilise around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said.

Protests in Algeria Against Shale Gas Drilling

Thousands of Algerians demonstrated Saturday against plans to drill for shale gas in the south of the country.

Qatar: Fund for Innovation, SMEs to Lessen Hydrocarbon Dependency

The Qatar Science & Technology Park (QSTP) is looking towards its Proof of Concept Fund (POCF) programme to stimulate growth in the country’s small and medium-sized enterprises (SMEs) sector, QSTP director for Innovation Haya al-Ghanim told Gulf Times.

Western Oil Workers in Danger in Saudi, US Embassy Declares

The U.S. Embassy in Riyadh canceled all consular services Sunday and Monday in the Saudi capital, as well as in Jeddah and Dhahran, amid heightened security concerns.

Iran: Steadfast Over Nuclear Power, Sorting Details Out with US

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi stressed that Iran's redlines for any final nuclear deal with the Group 5+1 (the US, Russia, China, Britain and France plus Germany) remain unchanged,

Iran: Big Push Planned for Oil Derivative Exports

Iranian Oil Minister Bijan Namdar Zanganeh announced that his ministry is planning to considerably increase the volume of the country’s oil derivatives exports in the next Iranian year (starting March 21, 2015).

Europe Losing LNG Imports Due to Increased Egypt Demand

Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up to become the region's top-paying importer, traders said, potentially increasing gas prices in northwest Europe.

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