Lebanon eager to award first offshore contracts, become gas exporter
Lebanon, a country that unlike many of its neighbors has faced high energy prices for a generation, wants to become...
Energy
Total to invest $3.5 billion over five years in Qatari field
France's Total will invest $3.5 billion over five years in Qatar's offshore Al Shaheen oilfield and expects to keep production...
$1.26 billion allocated to develop electricity distribution networks in Egypt
The Ministry of Electricity has allocated $1.26 billion (EGP 22.5bn) for the maintenance of cables and developing electricity across the...
Middle East diesel genset market expected to cross $1.54 billion by 2026
In the recent report of "Middle East Diesel Genset Market By Type, Medium Power, High Power, By End User Segment,...
Orascom Construction wins contract for Egypt power plan
Construction and engineering firm Orascom Construction has secured a $100m contract to build a new steam-turbine power plant in Walideya,...
French energy company inking $4.8 billion deal with Iran
Iran will sign a multi-billion dollar natural gas contract with France’s Total and China’s CNPC on Monday, amid extended sanctions...
Middle East accounts for 48% of global oil reserves
BP estimated that the Middle East region's proven crude oil reserves reached 813.5 billion barrels at end-2016, equivalent to 47.7%...
Gazprom Neft considers new Iraqi Kurdistan oil projects
Gazprom Neft , the oil arm of Russian gas giant Gazprom, said it was considering an offer expand its activities...
Iraq on a tear to triple its refining capacity, keep up with its growing production
Currently, Iraq is capable of processing about 500 MBOPD, far below the ~4.5 MMBOPD the country produced in 2016. Iraq...
Iraq’s plan for oil $18 billion pipeline to Jordan in final stages
Iraq has almost completed the formalities for building a pipeline to transport crude oil to Jordan and the contract will...
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