Despite increasing calls from climate activists, the Middle East is expected to commence over 600 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. Here is a list […]
Author Archives: Faiza Rizvi
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QatarEnergy set to sign second LNG megadeal with China
QatarEnergy is set to secure its second large gas supply deal with China in less than a year, Reuters reported, citing sources familiar with the deal. China National Petroleum Corp (CNPC) and QatarEnergy are expected to sign a 27-year agreement later today, under which China will purchase 4 million metric tons of LNG a year […]
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Palestinian economy could get much-needed boost after Israel approves Gaza Strip gas development
Israel gave preliminary approval for the development of a gas field off the Gaza Strip on Sunday—a move that would be a boost for the cash-strapped Palestinian economy. Israel, however added, that the approval would require security coordination with the Palestinian Authority and neighbouring Egypt. Announcing the move on the Gaza Marine project, Prime Minister […]
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UAE, Qatar to restore diplomatic ties, reopen embassies
The UAE and Qatar have announced the re-establishment of diplomatic representation, the two Gulf nations’ foreign ministers said on Monday. Embassies and consulates will resume work as of Monday, June 19. The UAE embassy in Doha, Qatar’s embassy in Abu Dhabi and consulate in Dubai will reopen. “The two sides affirm that this step represents […]
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Eid Al Adha 2023: UAE announces 6-day holidays for private sector
The UAE Ministry of Human Resources and Emiratisation (MoHRE) in the UAE on Monday has officially announced Eid Al Adha holidays for employees working in the private sector. The Ministry has officially declared that the private sector in the country will observe a holiday for Eid Al Adha starting on the 9 of Dhu Al Hijjah (Day […]
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Kuwait Oil Company to invest $43 billion on new oil projects, CEO says
Kuwait intends to expand production by nearly 200,000 barrels per day
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Iraq invites foreign bids for contracts in 11 new gas blocks
Iraq has invited foreign companies to bid for contracts to explore and develop natural gas reserves in 11 new blocks as the OPEC member seeks to produce much-needed natural gas for power stations and cut imports that weigh on the country’s budget, Reuters reported. Eight blocks are located in western Anbar province, one in the […]
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Oman awards $6.7 billion contract for world’s largest green hydrogen plant
Construction of Duqm’s massive green hydrogen plant is scheduled to start in 2028
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Kuwait appoints new oil minister
Kuwait formed a new cabinet on Sunday and appointed Saad Al Barrak as oil minister to replace Bader Al-Mulla, Reuters reported. Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, who was re-appointed as prime minister last week, formed the new cabinet announced in a decree carried by the state news agency KUNA. The Gulf Arab state also reappointed […]
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Breaking: Saudi Arabia sights Dhul Hijjah moon; announces Eid Al Adha 2023 date
Saudi Arabia on Sunday announced that Monday, June 19, will mark the first day of Dhu Al Hijjah, after sighting the new crescent in the Kingdom. ”Arafat Day will fall on Tuesday June 27, while Wednesday will be the first day of Eid Al Adha,” according to a statement by the Saudi Supreme Court. The […]
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