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: September 16, 2013
UAE. 2.5 Million Sq.m. mixed-used development to be located 14.5 kilometres from City Centre; Self-contained city to feature 15,000 residential units
Posted: September 15, 2013
UAE. Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman in particular will have dense urban conglomerations, with 45.1 million people expected to reside in GCC cities by 2020 - 85% of the total estimated population.
Posted: September 11, 2013
INTERNATIONAL. Libyan production plunge weighed on output; Saudi Arabia and Iraq hike was not enough to offset the production loss.
Posted: September 8, 2013
IRAQ. A consortium in partnership with Qemmet El-Iraq will overhaul and manage the 2 MTPA Muthanna Cement Plant in Muthanna Governorate on 14-year contract.
Posted: September 6, 2013
INTERNATIONAL. The American embassy in Baghdad was a likely target, according to unnamed U.S. officials quoted by the Wall Street Journal.
Posted: September 4, 2013
INTERNATIONAL. The long-term outcome of this tectonic shift in what until now has been the keystone of any major US policy decision should, in principal at least, give Washington and its allies greater bargaining power and leeway in dealing with the region.
Posted: August 29, 2013
IRAQ. A deal at Kirkuk would allow the British major - already at work at Iraq's biggest producer, Rumaila, in southern Iraq - to negotiate access to significant reserves in the north.
Posted: August 13, 2013
IRAQ. Delivery marks milestone in Boeing's efforts to help rebuild Iraq's aviation infrastructure.
Posted: August 5, 2013
UAE. Net income dropped to 100 million dirhams (US$27 million) from 181 million dirhams in the same period a year ago, the company said in a statement to the Abu Dhabi stock exchange.
Posted: July 18, 2013
QATAR. Ooredoo's social media initiatives drive leading customer experience; Asiacell in Iraq reaches major milestone of 1 million Facebook "Likes".
Posted: July 11, 2013
IRAQ. Growth driven by country's economic revival and improving security situation; five largest private banks saw their aggregate net income grow by 207% between 2010-2012; estimated 9% GDP growth in 2013 to provide further impetus to banking sector.
Posted: June 25, 2013
IRAQ. The office in Baghdad will support Citi's clients in the country and the bank will also look to open two more representative offices in Erbil and Basra at a later stage, subject to approval by the Central Bank of Iraq.
Posted: June 21, 2013
INTERNATIONAL. 'Eastern Mediterranean' countries among the most affected globally with a 37% prevalence, based on aggregated data from Egypt, Iran, Iraq, Jordan, and Palestine
Posted: June 14, 2013
KUWAIT. World oil demand to average 88.6 million bpd in 2013; EIA cuts growth forecast for world oil demand in 2013.
Posted: June 12, 2013
IRAQ. Norwegian oil and gas company's deep Tawke-17 well tested 1,500 barrels a day of 26-28 degree API crude oil from an Upper Jurassic reservoir underlying the Tawke field in the Kurdistan Region of Iraq.
date:Posted: December 5, 2013
INTERNATIONAL. The prospect of revitalized oil production in Iraq and Iran may add to tensions between those two countries and Saudi Arabia over export quotas; Ultimately, however, emerging markets in Asia will set global demand, and their energy thirst will determine the scale of the problem OPEC faces.