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News // Middle East and OPEC

Saudi Arabia Extends Neutral Zone Productioon Consession for Chevron

Saudi Arabia has authorised the extension of an oil concession held by US oil giant Chevron in its Neutral Zone shared with Kuwait.
15 July 2008 , 13:274430

OPEC: Crude Demand To Decline

The global oil cartel OPEC has predicted a drop in demand for crude as motorists were today threatened
11 July 2008 , 14:554040

Iraq Demands Timetable of US Troops Withdrawal

Iraq's prime minister said Monday his country wants some type of timetable
09 July 2008 , 15:144350

OPEC President Talks About Further Oil Leaps

Oil prices are likely to rise further largely due to a weak dollar and geopolitics, Chakib Khelil...
07 July 2008 , 10:215000

Senior Arab Official Warns Of Oil Price Hike If Iran Attacked

A senior Arab official warned that oil prices would jump to more than 200 U.S. dollars a barrel if Iran was militarily attacked...
07 July 2008 , 09:355510

OPEC: Difficult To Replace Iranian Oil Output

The secretary general of the OPEC oil exporting group said that it would difficult to replace the crude output of Iran if the country was attacked, in comments published on Thursday...
04 July 2008 , 13:384270

OPEC Chief: Developing Economies Face Oil Price Dilemma

Developing countries are facing a dilemma in managing oil prices on their home market...
02 July 2008 , 12:334810

Dana Gas Announces New Oil Discovery in Egypt

Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced a discovery from a new oil zone in its Egyptian concessions...
01 July 2008 , 15:034580

Iraqi Govn’t Brings a Suit Against AWB For Oil for Food Program

The Iraqi Government has filed a civil lawsuit in the US District Court for the Southern District of New York against 94 companies, including AWB...
01 July 2008 , 12:025710

Iraq’s International Bidding for Oil & Gas Fields

Iraq opened international bidding for eight huge oil and natural gas fields Monday...
01 July 2008 , 11:344900

Iraq Shells Out For Oil Companies

Iraq's Oil Minister announced on Al Arabiya television that the winners of a tender to boost production from existing oil fields will be paid in cash...
01 July 2008 , 11:105660

Iraq Seek Foreign Investors to Boost Oil Production

Iraq is to open up its oil industry to foreign investment, trying to boost output of its six key oil fields
01 July 2008 , 09:085140

Saudi Arabia Foils Oil Field Attack

Saudi security forces arrested 701 suspects in recent months that were planning to attack oil facilities among other targets...
27 June 2008 , 12:574390

OPEC Daily Price Sets New Record

The crude oil price of the Organization of Petroleum Exporting Countries...
26 June 2008 , 15:094970

Iran Oil Min: “There's No Need For Extra Oil”

Iran's Oil Minister Gholam Hossein Nozari said Tuesday oil prices moving up despite Saudi Arabia's announcement Sunday...
26 June 2008 , 14:335470

Terrorist Attack On Saudi Oil Industry Suppressed

Saudi Arabia's Interior Ministry says authorities have disrupted terrorist attack plans targeting the kingdom's oil industry and arrested more than 700 militants...
26 June 2008 , 13:425020

OPEC Chairman Says Oil Prices Won’t Go Down

The cost of a barrel of crude oil has edged closer to its all-time high after OPEC president Chakib Khelil...
25 June 2008 , 12:324350

US No More Interferes With Iraq Oil Deals

The Bush administration indicated Tuesday that it had no plans to interfere with negotiations between Iraq and several Western oil giants...
25 June 2008 , 11:444990

Dubai World Draws Bead On Real Estate In US, Europe

State-owned conglomerate Dubai World is looking to acquire further real estate...
25 June 2008 , 10:115620

Kuwait Will Increase Oil Output In '09

OPEC member Kuwait will increase its oil output by 300,000 barrels per day starting mid-2009, the official state news agency...
25 June 2008 , 09:375160

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