Algeria’s state-owned energy company Sonatrach, one of the world’s largest oil firms, has announced six new oil discoveries in various parts of the North African Arab nation. In a statement published by local media, Sonatrach said the new discoveries were made in the first quarter of 2023. Two discoveries were made in Amguid in East-Central […]
Author Archives: Faiza Rizvi
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Expat trouble: Kuwait deports 9,000 expats in three months
Kuwait has deported over 9,000 expats in the first quarter of 2023 with India topping list of deportees, according to local media reports. From the 9,000 deportees, over 4,000 were female and were involved in criminal and misdemeanour cases. Indian nationals topped the list of deportees followed by Filipinos, Sri Lankans and Egyptians. According to reports, […]
Posted inEnergy Transition
Oman signs deal with Japanese firms to build low-carbon plant in Duqm
Oman’s Public Authority for Special Economic Zones and Free Zones has signed an agreement with Japanese steel manufacturer Kobe Steel and Mitsui & Co., to develop low-carbon iron metallic project in the Special Economic Zone at Duqm (SEZAD). The project is expected to produce five million tonnes of Direct Reduced Iron (DRI) annually. By using […]
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UAE, Saudi Arabia confirm 4-day Eid weekend for private sector
The UAE and Saudi Arabia have announced a holiday for the private sector and non-profits for Eid Al-Fitr 2023. The Eid Al-Fitr holiday will begin at the end of the working day on Thursday, April 20, for four days. The announcement of the holiday was made by the kingdom’s Ministry of Human Resources and Social Development […]
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Saudi Arabia launches 200 projects across 17 industries
Saudi Arabia’s National Center for Privatisation (NCP) has announced the launch of 200 development projects across 17 sectors. The initiative will provide local and international investors with an opportunity for advanced preparation to ensure their readiness to participate in the projects tendered to the market. Schemes include four airports, seven desalination plants, six wastewater treatment […]
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UAE reveals tax exemption list
UAE’s Ministry of Finance has announced that certain businesses and individuals are exempt from registering for Corporate Tax. The authority issued a Ministerial Decision No. 43 of 2023 on Exception from Tax Registration for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”), in accordance with Article […]
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Kuwait Oil Company awards $76 million oil flow lines contract
Combined Group Contracting has announced in a statement that it has secured a five-year contract worth $76.5 million for oil flow lines project issued from Kuwait Oil Company. The company states that the works includes construction of flow lines and associated works in Umm Niqa And South Ratqa in Kuwait. Headquartered in Kuwait, Combined Group Contracting […]
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Kuwait plans world’s tallest tower ‘Burj Mubarak’ in oil diversification push
Kuwait hopes to diversify its economy by reducing its reliance on oil and expanding its private sector through significant investments across different sectors. The oil rich nation will soon be home to the “world’s tallest tower” – the Burj Mubarak. The one-kilometre tall tower will be the main attraction of Kuwait’s Madinat Al Hareer or Silk […]
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L&T’s oil and gas unit wins significant EPC contract
The hydrocarbon business of Larsen & Toubro (L&T) announced today that it secured an order under its AdVENT (Advanced Value Engineering and Technology) business vertical. The EPC order is for nitrate plants at Gadepan, Kota, Rajasthan from Chambal Fertilisers and Chemicals Limited (CFCL), a leading fertilizer company in India. The plants, having capacities of approximately […]
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A carbon-neutral future for oil and gas is now achievable
Hydrocarbon producers face mounting pressure to become climate resilient, reduce carbon emissions, and focus on revenue streams from renewables. To alleviate this pressure, power generation organisations need to embrace renewable alternatives, and while some companies have become early adopters, many operators are looking at substantial changes to their business models to accommodate the transition. Oil […]
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