GCC

  • Gazprom Constructs Complex for Processing Ethane-Containing Gas

    Gazprom Constructs Complex for Processing Ethane-Containing Gas

    Monday, 24th May 2021

    Gazprom has begun construction on the Complex for processing ethane-containing gas (CPECG) near the settlement of Ust-Luga in the Leningrad Region, according to Gazprom’s press release.

  • Oil Prices Surge on Geopolitical Tensions in Middle East

    Oil Prices Surge on Geopolitical Tensions in Middle East

    Wednesday, 15th May 2019

    Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks.

  • Kuwait, Iraq to Study the Development of Shared Oil Fields

    Kuwait, Iraq to Study the Development of Shared Oil Fields

    Sunday, 26th August 2018

    Kuwait and Iraq plan to appoint consultants to study the development of shared oil fields, as a solution to long-standing tensions over cross border oilfields.

  • Petrofac Awarded $580 M Contract with GCC National Oil Company

    Petrofac Awarded $580 M Contract with GCC National Oil Company

    Wednesday, 21st March 2018

    UAE-based Petrofac announced the signing of a binding letter of intent for an engineering, procurement, and construction contract with a Gulf Cooperation Council (GCC) national oil company worth $580 million.

  • Egypt Has LNG Requests Rejected by Qatar

    Egypt Has LNG Requests Rejected by Qatar

    Thursday, 27th July 2017
    The Gulf country provides around 60% of Egypt's LNG imports, but trade relations have been shaken since sanctions against Doha were imposed by Egypt and the Gulf Cooperation Council (GCC).
  • Kuwait Approves Petrol Price Hike

    Kuwait Approves Petrol Price Hike

    Thursday, 4th August 2016
    Kuwait has approved an increase in prices of gasoline sold locally by 42% to 83% depending on the grade in an attempt to align local rates with GCC averages.
  • GCC Members Seek to Revive Oil Output Deal

    GCC Members Seek to Revive Oil Output Deal

    Thursday, 2nd June 2016
    Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said.
  • GCC Targets 10GW Renewables Expansion by 2020

    GCC Targets 10GW Renewables Expansion by 2020

    Monday, 18th January 2016
    The GCC’s solar capacity is expected to reach 10GW by 2020, while the MENA region is expected to attract $35b worth of renewable energy investments every year by 2020, said experts from the International Renewable Energy Authority (Irena).
  • Bahrain Mulls Offshore Gas Exploration Bids

    Bahrain Mulls Offshore Gas Exploration Bids

    Thursday, 14th January 2016
    Bahrain is looking into launching a new international bid round for offshore gas exploration seeking to reduce its dependence on gas supplies from other regional players, and instead boost its domestic gas production amid the growing demand of 2.5% annually.
  • Saudi Arabia to Invest $109b in 54 GW of Renewable Energy

    Saudi Arabia to Invest $109b in 54 GW of Renewable Energy

    Wednesday, 13th January 2016
    Saudi Arabia plans to spend $109b to install 54 GW of renewable energy by 2040, aiming to diversify the Kingdom's energy profile and preempt energy demand expected to rise 45% in this period of time.