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Saudi to develop major gas field in 2013Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media. "The Midyan field will be developed in 2013 and it would start product More… |
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GBI, Xtera launch 100G Red Sea-Milan linkGulf Bridge International (GBI) and Xtera Communications have launched full 100G connectivity between Zafarana cable landing station in Egypt on the Red Sea and Milan Point-of-Presence (PoP) in Italy. More… |
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Saudi finds new gas field in Red SeaSaudi Arabia's Aramco, the world's largest energy company, has discovered a new gas field in the Red Sea, 26 kilometres North West of the port of Daba, said a Saudi Press Agency report quoting the oil minister. Gas flowed More… |
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Saudi readies oil line against Hormuz threatSaudi Arabia has reopened an old oil pipeline built by Iraq to bypass Gulf shipping lanes, giving Riyadh scope to export more of its crude from Red Sea terminals should Iran try to block the Strait of Hormuz, industry sources say. The Iraq More… |
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Saudi finds more gas, says not for use nowSaudi Arabia has discovered commercially viable quantities of natural gas in the Red Sea and Empty Quarter, but has no plans to immediately start production, Oil Minister Ali al-Naimi said in a speech delivered on his behalf on Monday. The More… |
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Fire on Red Sea ferry with 1,200 passengersPassengers were forced to escape on lifeboats when a fire broke out on a ferry carrying more than 1,200 passengers from the Jordanian Red Sea port of Aqaba to Egypt on Thursday, a maritime official said. The official from Egypt's Red S More… |
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Saudi, Sudan to produce minerals from Red SeaSaudi Arabia and Sudan plan to produce within three years gold, silver and copper in large quantities from the bottom of the Red Sea, trying to execute a project in planning for almost four decades, a senior Sudanese official said. Both Ar More… |
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Israel sends extra warships to patrol Red SeaIsrael said it had sent two extra warships to patrol the Red Sea but it downplayed reports that they were connected to an Egyptian sweep of the Sinai peninsula for militants. A military official said the deployment was routine but dec More… |
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Rubicon to develop $1bn Jordan themed resortRubicon Group Holding, a leading digital content production firm based in Jordan, said it has signed deals with top US firms to design and develop a $1 billion themed entertainment resort in the coastal town of Aqaba. A key More… |
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Damac rejects Egypt court ruling on land saleDubai-based developer Damac Properties has rejected an Egyptian court’s judgement regarding the company’s purchase of lands in the Red Sea resort area stating there was no evidence of wrongdoing. Hussain Sajwani, chairman of Damac Properti More… |
