Thursday 11 February 2016
 
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petroleum

Iran eyes $200bn investment in petroleum projects

Iran’s petroleum ministry plans to attract $200 billion capital for investment in its projects, a report said. “We will need over $200 billion investment in our development projects, mainly in the oil sector, within th

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Iran ‘will need $20bn funding for South Pars’

Iran will need $20 billion to launch the remaining phases of the South Pars Gas Filed in Bushehr province, said a senior government official. “Following the removal of Western sanctions, we will be able to fund the projects

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Saudi to meet Egypt's petroleum needs for 3 months

Saudi Arabia has pledged to meet Egypt's petroleum needs with payment facilities and interest rates up to 1 percent for three months starting from February, an Egyptian Petroleum Ministry official told Reuters on Monday. Egypt

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Saudi Arabia to adjust fuel, utility subsidies over 5 years

Saudi Arabia's government is to adjust subsidies for water, electricity and petroleum products over the next five years, the Ministry of Finance said in its 2016 budget document. Any changes made to such prices would be aimed

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Saudi Arabia to adjust fuel, utility subsidies over 5 years

Saudi Arabia's government is to adjust subsidies for water, electricity and petroleum products over the next five years, the Ministry of Finance said in its 2016 budget document. Any changes made to such prices would be aimed

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Saudi Arabia to adjust fuel, utility subsidies over 5 years

Saudi Arabia's government is to adjust subsidies for water, electricity and petroleum products over the next five years, the Ministry of Finance said in its 2016 budget document. Any changes made to such prices would be aimed

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Qatar Petroleum, Qatar Electricity plan solar power venture

State-owned oil and gas producer Qatar Petroleum and utility Qatar Electricity and Water Company (QEWC) said they had agreed to establish a $500 million venture to generate electricity from solar power.   A memor

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Qatar Petroleum, Qatar Electricity plan solar power venture

State-owned oil and gas producer Qatar Petroleum and utility Qatar Electricity and Water Company (QEWC) said they had agreed to establish a $500 million venture to generate electricity from solar power.   A memor

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Tatweer Petroleum in green push

Bahrain’s Tatweer Petroleum is going green. In its ongoing efforts to develop Bahrain Field and its commitment to protect the environment, the company is signing a contract to install a new solar power plant, said a report in the Gul

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Egypt’s petroleum ministry names EGPC head

Egypt's petroleum minister Tarek El Molla on Thursday named Mohamed Al-Masry as head of the Egyptian General Petroleum Corporation (EGPC), the petroleum ministry said in a statement.   El Molla himself held t

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