Lebanon: The next ‘oil-cursed’ country?
Late last month, a drillship anchored off Lebanon's coast started exploring for oil and gas raising hopes for a more prosperous economy, which currently is hanging by a thread off a cliff’s...
Hydrocarbon exploration could start in early 2019
Hydrocarbon exploration is taking a lead towards developing Lebanon’s economy. The Ministry of Energy & Water along with the Lebanese Petroleum Administration (LPA) have announced that bidding for the second licensing round...
Natural gas becomes priority for Lebanese power sector
Lebanon will make natural gas as the primary source of energy in its power sector, informed Cesar Abi Khalil, the Energy Minister of Lebanon. There are plans of installing “three floating LNG...
Iraq’s crude oil exports to jump in 2019
Crude oil exports from Iraq is set to jump om 2019, said the country’s Oil Minister Thamer Ghadhban. He went on to add, Iraq is focused on boosting the output from its...
Lebanon’s domestic gas production policy
Domestic
gas production in Lebanon is set boom with the country’s energy
minister Cesar Abi Khalil saying Lebanon plans on starting new rounds
of offshore explorations to develop domestic gas in 2019. In fact,
Lebanon aims...
Oil sales will continue: Hassan Rouhani
Oil
sales will continue and Iran will break U.S. imposed sanctions, said
a defiant Iranian President Hassan Rouhani after the United States
reimposed sanctions on Iran’s vital energy
and banking sectors.
“America
wanted to...
Egypt’s non-oil private sector dips lower
Non-oil private sector activity in Egypt has dipped modestly in October 2018 and have touched their lowest levels, showed a survey.
According
to the Emirates NBD Egypt Purchasing Managers’ Index
(PMI)...
No more brain drain: Sonatrach’s new leadership team
Brain drain in Alegeria is real. In order to stop and reverse the flow of talent from leaving the country, the CEO of Algeria’s Sonatrach, a state-owned oil firm, has assembled a new leadership...
Natural gas and crude to dominate Turkey-Iran ties
Natural gas continues to play a significant role in Turkey-Iran relations despite threats from U.S. President Donald Trump that it will not allow any country to do business with America if it continues to...
China pledges $20 billion in financial aid to the Middle East
On Tuesday, as part of China’s strategic foreign policy objective which also fits well in it Belt and Road project, Chinese President Xi Jinping pledged $20 billion in loans and nearly $106 million in...