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News // Middle East and OPEC

OPEC President Talks About Further Oil Leaps

Oil prices are likely to rise further largely due to a weak dollar and geopolitics, Chakib Khelil...
07 July 2008 , 10:216510

Senior Arab Official Warns Of Oil Price Hike If Iran Attacked

A senior Arab official warned that oil prices would jump to more than 200 U.S. dollars a barrel if Iran was militarily attacked...
07 July 2008 , 09:356980

OPEC: Difficult To Replace Iranian Oil Output

The secretary general of the OPEC oil exporting group said that it would difficult to replace the crude output of Iran if the country was attacked, in comments published on Thursday...
04 July 2008 , 13:385080

OPEC Chief: Developing Economies Face Oil Price Dilemma

Developing countries are facing a dilemma in managing oil prices on their home market...
02 July 2008 , 12:335940

Dana Gas Announces New Oil Discovery in Egypt

Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced a discovery from a new oil zone in its Egyptian concessions...
01 July 2008 , 15:035810

Iraqi Govn’t Brings a Suit Against AWB For Oil for Food Program

The Iraqi Government has filed a civil lawsuit in the US District Court for the Southern District of New York against 94 companies, including AWB...
01 July 2008 , 12:027060

Iraq’s International Bidding for Oil & Gas Fields

Iraq opened international bidding for eight huge oil and natural gas fields Monday...
01 July 2008 , 11:346310

Iraq Shells Out For Oil Companies

Iraq's Oil Minister announced on Al Arabiya television that the winners of a tender to boost production from existing oil fields will be paid in cash...
01 July 2008 , 11:107120

Iraq Seek Foreign Investors to Boost Oil Production

Iraq is to open up its oil industry to foreign investment, trying to boost output of its six key oil fields
01 July 2008 , 09:086100

Saudi Arabia Foils Oil Field Attack

Saudi security forces arrested 701 suspects in recent months that were planning to attack oil facilities among other targets...
27 June 2008 , 12:575050

OPEC Daily Price Sets New Record

The crude oil price of the Organization of Petroleum Exporting Countries...
26 June 2008 , 15:096330

Iran Oil Min: “There's No Need For Extra Oil”

Iran's Oil Minister Gholam Hossein Nozari said Tuesday oil prices moving up despite Saudi Arabia's announcement Sunday...
26 June 2008 , 14:337750

Terrorist Attack On Saudi Oil Industry Suppressed

Saudi Arabia's Interior Ministry says authorities have disrupted terrorist attack plans targeting the kingdom's oil industry and arrested more than 700 militants...
26 June 2008 , 13:426230

OPEC Chairman Says Oil Prices Won’t Go Down

The cost of a barrel of crude oil has edged closer to its all-time high after OPEC president Chakib Khelil...
25 June 2008 , 12:325620

US No More Interferes With Iraq Oil Deals

The Bush administration indicated Tuesday that it had no plans to interfere with negotiations between Iraq and several Western oil giants...
25 June 2008 , 11:446650

Dubai World Draws Bead On Real Estate In US, Europe

State-owned conglomerate Dubai World is looking to acquire further real estate...
25 June 2008 , 10:116970

Kuwait Will Increase Oil Output In '09

OPEC member Kuwait will increase its oil output by 300,000 barrels per day starting mid-2009, the official state news agency...
25 June 2008 , 09:376890

Qatar, Shell Sign China Refinery, Petchem Deal

Although it supplies less than one percent of China's crude imports, the refinery and petrochemical venture represents Qatar's first foray...
25 June 2008 , 09:077590

EU To Hold Energy Dialogue With OPEC On High Oil Prices

The European Union, EU, and the Organization of Petroleum Exporting Countries, OPEC, are to meet here Tuesday to discuss the soaring oil prices...
24 June 2008 , 10:506490

OPEC Weekly Oil Price Slightly Retreats

The weekly average oil price of the Organization of the Petroleum Exporting Countries, OPEC, retreated slightly to 129.04 U.S. dollars per barrel...
24 June 2008 , 10:275760