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 southern oilfields...
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 edge.
Lebanon has...
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...
Iran-China relations likely to expand in near future
With U.S. President Donald Trump withdrawing the United States from the 2015 landmark nuclear accord with Iran that was brought about by his predecessor Barrack Obama, Iran’s Foreign Minister along with Javad Zarif, one...
Qatar Petroleum agrees to purchase 30% stake in Exxon Mobil’s Argentinian arm
In what is Qatar Petroleum’s first deal in Argentina, Qatar’s state-owned energy giant has signed an agreement to acquire a 30% stake in Exxon Mobil hydrocarbon affiliates in Argentina.
The deal, was formally signed by...
Lebanon’s gas boom dead in the water?
Lebanon’s quest for gas and oil has so far yielded no meaningful results with the country’s first-ever offshore search for hydrocarbons throwing up commercially unviable results. “No matter where you turn, the Eastern Mediterranean...
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 for offshore...
Norway continues Lebanese development program
The Oil for Development program signed by Lebanon and Norway for another three years, will significantly aid the country’s civil society towards a transparent and sustainable petroleum management program.
Renewing this mutual commitments toward a...
COP28: Middle East countries face their inner demons
Fossil fuels, water resources, effects of the climate change… The challenges faced by Middle East countries are vivid. With COP28 ongoing in Dubai, Middle East countries have the opportunity to present their perspectives and...
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...