Lebanon ranks seventh for oil and gas investment
Lebanon ranked seventh in Middle East and North Africa in terms of attractiveness for upstream oil and gas investment, according...
Energy
ABB to invest $40 million in Saudi power projects
ABB Ltd said it will invest around $40 million to construct a new manufacturing plant for high-voltage gas-insulated switchgear and...
Iraq signs energy exploration contracts
Iraq signed the gas exploration contract with Pakistan Petroleum Ltd. (PPL) for gas Block 8, which lies in the Diyala...
Iraq crude production overtakes Iran
Iraq’s crude oil production overtook Iran’s last month for the first time since 1988, when the countries ended their eight-year...
Three new power plants for Iraq
An international consortium has received local government approval to build three new power stations in central and southern Iraq, and...
Electricity production in Iraq to hit new record in July
Iraq's Ministry of Electricity has announced that it was producing at a rate of 8,027 MW at the end of...
Oman invests $3.1bn in 16 power, water projects
The Middle East energy sector is witnessing a surge of fresh investment in 2012, with 97 new power and water...
Capital investment in Mideast energy projects to reach $470 billion by 2014
Capital investments in the Middle East energy sector will reach USD 470 billion by 2014, 47% of which will be...
Iraq’s Kurdistan region to export electricity in 2015
By the beginning of 2015, Kurdistan will be able to produce 6,000 Mega Watts and thus it can export electricity,...
Saudi Aramco starts fund for renewable energy
Saudi Aramco, the national oil company of Saudi Arabia, has created a renewables investment unit as it seeks to boost...
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