IRAQ. The Ministry of Oil of Iraq has signed an Implementation agreement for the construction under BOO terms of the Refinery of Karbala with RKC (Refinery of Karbala Corporation Ltd.)
The new Refinery will have a daily capacity of 200,000 barrels of Crude Oil and will produce high quality, high octane gasoline (regular and premium) as well diesel fuel for the domestic market.
“Karbala Refinery will be located 100km south of Baghdad on a 6 square kilometer plot of land, and will be the most advanced state of the art refinery with almost full conversion rate and with an estimated cost of
Posted: June 17, 2015
INTERNATIONAL. 2015 Global Peace Index Reveals an Increasingly Divided World; The Middle East is spiralling into deepening violence; Peacefulness in Europe reaches an historic high.
Posted: June 16, 2015
INTERNATIONAL. Output climbed above 31 million b/d, highest since late 2012; Saudi Arabia led the upward charge with a 150,000 b/d-increase to 10.25 million b/ .
Posted: June 9, 2015
INTERNATIONAL. Secularism in the Muslim world appears to be in terminal retreat. The two levels of struggle within that world are, at the top, Sunni versus Shiite, and at the base, complex and interacting factions.
Posted: June 2, 2015
IRAQ. Western and Middle Eastern countries in the coalition are meeting this week in Paris. Part of their agenda is to persuade the Iraqi government to repair its relationship with Iraq's Sunni minority.
Posted: May 27, 2015
IRAQ. Iraq's leadership was indignant after US accusations that its forces lack the will to fight but assessments of the army's ability suggest the rank-and-file have reasons to shy from battle.
Posted: May 22, 2015
INTERNATIONAL. Islamic State fighters tightened their grip on the historic Syrian city of Palmyra on Thursday and overran Iraqi government defenses east of Ramadi, the provincial capital that they seized five days earlier.
Posted: May 20, 2015
INTERNATIONAL. State-owned oil marketer Somo plans to load more than 1.2mn b/d of Basrah Heavy in June, boosting total Iraqi sales from its southern export terminals.
Posted: May 19, 2015
INTERNATIONAL. What we are seeing now are fundamental re-emerging realities: Europe is a highly fragmented collection of nation-states. China contains its centrifugal forces through a powerful and repressive government in Beijing. Russia is neither an equal of the U.S. nor a helpless cripple to be ignored or tutored. And the map of the Middle East, created by the Ottomans and the Europeans, has hidden underlying forces that are rearing their heads.
Posted: May 6, 2015
UAE. Emirates remains the most valuable brand, with a brand value of US$6.6 billion; The total value of Qatari brands is up 47% in a year, the fastest rate of growth; KSA has the most brands (17) together worth US$21.7 billion
Posted: April 17, 2015
INTERNATIONAL. Despite progress in raising school enrolment over the past decade, one in four children and young adolescents are either out of school or at risk of dropping out.
Posted: April 16, 2015
INTERNATIONAL. Up 800,000 b/d from February to highest level since November 2012; Saudi Arabia boosted production by 280,000 b/d to 10 million b/d.
Posted: April 15, 2015
INTERNATIONAL. The current balancing act in the Middle East represents a fundamental rebalancing of American strategy. It is still clumsy and poorly thought out, but it is happening. And for the rest of the world, the idea that the Americans are coming will become more and more rare.
Posted: April 11, 2015
INTERNATIONAL. With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker?
Posted: April 3, 2015
UAE. Among the top investors for 2014, were Iraqis (AED 2.50 million per transaction), Jordanians (AED 2.40 million) and Egyptians (AED 2.02 million), according to The H Holding Enterprise.
Posted: April 1, 2015
IRAQ. "Our security forces have reached the centre of Tikrit and they have liberated the southern and western sides and they are moving toward the control of the whole city," Haidar al-Abadi said.
date:Posted: July 6, 2015
UAE. Business doesn't predict a plunge, London Business School survey finds; Only 3% of those surveyed expect an annual decline larger than 20%; Over a third cited a strong economic outlook.
date:Posted: July 6, 2015
INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.