Saudi Aramco to invest $35 billion in oil projects over 5 years
Saudi Aramco plans to invest $35 billion over the next five years in projects to protect an oil production capacity...
Oil & Gas
Global oil consumption to slightly increase in 2012
Global oil demand is projected to reach 89.8 million barrels per day (b/d) in 2012, constituting an increase of 1%...
GCC urged to develop gas sector amid mounting domestic demand
Gulf hydrocarbon producers need to improve the natural gas sector amid growing gas demand to fuel rising power consumption, the...
Saudi Arabia finds new gas field in Red Sea
Saudi Arabia's Aramco, the world's largest energy company, has discovered a new gas field in the Red Sea, 26 kilometers...
Oman plans 200 million barrels oil tank farm
Oman is considering building a facility to store up to 200 million barrels of crude, the head of a state-run...
$30 billion oil sector capital expenditure in Oman
Petroleum Development Oman ( PDO ), the country's flagship oil and gas company, has projected a capital expenditure of a...
1million bpd oil pipeline between Turkey and the northern region of Iraq
The Kurdistan Regional Government (KRG) is planning to build an oil pipeline to Turkey with a capacity of 1 million...
Iraq oil output to double
Iraq's oil output is on track to more than double in the next decade, supplying almost half the growth in...
IMF: Oil boom to spur MENA region's growth
High oil prices will support economic expansion in the Middle East and North Africa in 2012-2013 as importers grapple with...
Mena oil producers plan $740 billion investment in energy projects
Oil producers in the Middle East and North Africa plan to invest $ 740 billion in energy projects in the...
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