Middle East

US Senate Panel Advances Iran Sanctions Bill

The U.S. Senate Banking Committee voted 18-4 on Thursday to advance a bill that would toughen sanctions on Iran if international negotiators fail to reach an agreement

Directorate Changes at Fastnet

  Fastnet, the UK and Irish listed E&P company focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces certain management

Shell to Build Petrochemicals Plant in Iraq

Royal Dutch Shell signed a deal with Iraq on Wednesday worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, boosting the country's

Russia – Turkey Gas Pipeline Approved

  Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources.

Libya Returns Fuel Tanker to Rival Government

Libya's recognized government has released a tanker forced to dock at a port under its control after originally banning it from delivering fuel to its rival administration,

Abu Dhabi Ports Invests in Management Software

  Abu Dhabi Ports is implementing a brand new terminal operating system (TOS) which will enhance the general cargo operations at the emirate’s ports, significantly

Libya Forces Tanker Away from Supplying Rival Government

Libya's recognized government said it forced a tanker from delivering fuel to its rival administration, diverting the vessel to its own territory by threatening an air attack on it.

Camcon Names Amara Business Development Manager

Camcon Oil has announced the appointment of Abdel Ben Amara as Business Development Manager for the Middle East & North Africa (MENA) region.   Based in Dubai, Abdel will report to the Camcon CEO.

EU Annulls Sanctions on 40 Shipping Firms

The European Union's second highest court on Thursday annulled EU sanctions on an Iranian bank and 40 shipping companies hit with asset freezes as part of pressure

Iraqi PM Calls Oil Price Drop 'Disastrous'

Iraqi Prime Minister Haider al-Abadi said on Thursday the drop in the global oil price was disastrous for his country's finances and could hurt its ability to fight Islamic State militants.

Oman Drydocks Handls 300th Vessel

 The Oman Drydock Company has celebrated the handing over of the 300th vessel since starting its operations in 2011, under the auspices of Said bin Hamdoon al Harthy,

N-KOM Sees Increased Tanker Business

Nakilat-Keppel Offshore & Marine (N-KOM), which recently celebrated its fourth year in operation, has seen an increasing number of tankers dry docking at its facility in Qatar.

US Official: Low Oil Prices Add to Iran Woes

David Cohen, the U.S. Under Secretary for Terrorism and Financial Intelligence, said on Wednesday that low oil prices mean Iran will lose billions of dollars more

Iran to Hold Joint Naval Drill with Oman

The naval forces of Iran and Oman plan to hold a joint rescue and relief drill in the waters south of Iran in the coming months.  According to Press TV, Iranian

Cargo of UK Rapeseed to Ship to Turkey

A cargo of 25,000 tonnes of British rapeseed will be shipped to Turkey next month, farmer-owned grain merchant Openfield said on Tuesday.   Openfield said it

China Eyes Africa for its Maritime Silk Road

 Chinese Foreign Minister Wang Yi, who is visiting Africa, has accelerated its drive to draw the continent into the Maritime Silk Road — Beijing’s ambitious transcontinental initiative,

Egypt: Oil Price Drop Will Not Hit Gulf Investments

Egypt does not expect Gulf Arab countries to reduce their investment in the country despite the fall in oil prices, as Cairo is of particular strategic importance for the region,

Oil Slips on Chinese Concerns, Record Iraq Output

Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.

First Satorp Diesel Cargos to US Will Land This Week

The first United States-bound cargoes of diesel from Saudi Arabia's 400,000 barrel per day Satorp refinery will land in New York early this week, traders said on Monday.

Saudi Arabia Nuclear, Renewable Energy Plans Delayed

Saudi Arabia's plans to build nuclear and solar energy projects will take about eight years longer to complete than originally intended, the head of the government

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