Monday 25 May 2015
 
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Egypt to launch up to $3bn LNG purchase tender

Egypt is set to launch what will be a highly sought after tender in early June to buy up to $3 billion of liquefied natural gas (LNG) over 2016 and 2017, senior state officials and trade sources said. Egypt has emerged as a major

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Arab team explores opportunities in Brazil’s Amazonas

A high-profile Arab delegation recently explored trade and investment opportunities between Amazonas, the largest state in Brazil and Arab countries, according to the Arab-Brazilian Chamber of Commerce (ABCC). The delegates compri

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Oil prices fall on oversupply fears, outweigh China imports

Oil fell on Friday (May 8), erasing gains earlier in the session, as concerns over oversupply outweighed strong Chinese import figures. Benchmark Brent crude was at $65.42 per barrel at 0500 GMT, down 12 cents after hitting a sess

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Aramco in negotiation to buy 1.7m barrels of gasoil for May

Saudi Aramco is in negotiation to buy 1.7 million barrels of gasoil for delivery in May, its largest spot requirement in recent months, to meet a potential rise in domestic demand for the power generation fuel in summer, industry sources said.

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Brazilian exports to Mena exceeds $1bn in March

Brazil exports $1.036 billion worth of products to the Middle East and North Africa (Mena) region in March, an increase of 1.03 per cent over the same period last year, according to latest statistics. The statistics released by Br

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Bahrain’s Premier urges tighter controls on fruit imports

Bahrain’s Prime Minister has ordered tougher measures at entry points on imported fruit - especially watermelon. He instructed authorities to intensify inspection campaigns in markets and take samples for lab tests, said a r

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S Korea's March Iran crude imports surge

South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the Opec country in the first quarter of this year fell 16 percent year- on-year to meet international sanction requiremen

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More talks needed on Iran-Oman gas link

More talks are needed to make progress on a deal signed in 2013, after years of talks, for Oman to import gas from Iran via a planned subsea Gulf pipeline link, Omani Foreign Minister Yussef bin Alawi told Reuters on Thursday.

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China unlikely to increase oil imports this year

China's commercial and strategic oil storage is almost full, a Sinopec trading executive said at an industry forum on Wednesday, leaving little room for the world's No. 2 oil consumer to increase its crude imports this year.

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Bahrain to import meat from select group

Bahrain has decided to import meat only from a select group of slaughterhouses in Australia, a Works, Municipalities and Urban Planning Ministry official said yesterday (February 21). The 50 slaughterhouses have been certified by

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