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: August 30, 2015
INTERNATIONAL. Lebanon's protest slogan, 'You Stink,' refers to much more than the piling up of garbage on the streets of Beirut and the lack of an efficient waste management system.
Posted: August 28, 2015
INTERNATIONAL. The Turkish Football Federation in a demonstration of the inseparable ties between sports and politics, has effectively declared its support for renewed Turkish-Kurdish hostilities.
Posted: August 16, 2015
IRAQ. MoneyGram customers will now be able to send and receive funds at Al Noor locations in Baghdad, Basrah and Najaf.
Posted: August 13, 2015
INTERNATIONAL. Monthly output up 120,000 b/d from June; Saudi Arabia supply climbed 100,000 b/d to 10.45 million; Angola, UAE and Iran increased by 50,000, 30,000 and 20,000 b/d.
Posted: August 6, 2015
IRAQ. Gulftainer's Umm Qasr Logistics Centre in Basra safely stores specialist cargo.
Posted: July 13, 2015
IRAQ. Iraqi troops and Shi'ite Muslim militia forces attacked Islamic State fighters on several fronts in the country's largest province.
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
date:Posted: September 2, 2015
UAE. Report, conducted by Deloitte and MIT Sloan Management Review, reveals that the ability to digitally transform and reimagine a business is determined in large part by a clear digital strategy supported by leaders who foster a culture able to change and reinvent their organizations.
date:Posted: September 2, 2015
INTERNATIONAL. The key assumption is that global markets recover from recent turbulence, China doesn't move aggressively on devaluing its currency, and the Fed raises rates.