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Russian energy minister Sergei Shmatko has ruled out reducing energy trade with Iran despite the sanctions imposed by the United Nations, United States and European Union. Speaking in Moscow on 14 July, Shmatko hinted that Russian energy companies could fill the gap created by the withdrawal of many western firms from the Iranian market,

Iran
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A cluster of new financing facilities has raised well over $10bn, boosting the GCC’s project finance market

Saudi Arabia
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Dubai-based Topaz Engineering has been awarded a $45m engineering, procurement and construction contract from Sharjah-based Gulf Petrochem.

United Arab Emirates (UAE)
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Independent oil exploration company Petrel Resources has held on against the odds to bring the Subba and Luhais fields to development, following a major contractual reorganisation with local joint-venture partner Makman Oil & Gas

Iraq
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There is eager speculation about business prospects in Iraqi Kurdistan once a number of key obstacles – including Baghdad’s refusal to pay IOCs for exporting oil or to recognise contracts they have signed with the KRG – are cleared

Iraq
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Sharjah-based company’s oil and gas exploration deal with Rosneft will focus on the Mena region

United Arab Emirates (UAE) | Qatar
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Iraq’s Ministry of Transportation is liquidating Iraqi Airways, one of the Middle East’s oldest airlines

Iraq
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Yemen’s efforts to entice IOCs to boost its faltering oil industry are hampered by a deteriorating security situation

Yemen
Issue 876 - 08 May 2010

RAK Petroleum profit

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RAK-P has announced a Dh29.5m ($8m) profit for 2009 and Dh30.5m for Q1 10. The company made a loss of Dh210.7m in 2008.

United Arab Emirates (UAE)
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Oil output continues to rise after the slump of the last decade, but acreage left open for several years has failed to attract the international interest expected. Meanwhile, IOCs are leaving as the government looks to expensive enhanced oil recovery projects

Oman
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The civil nuclear plans of GCC and neighbouring states point to a new assertiveness among Gulf economies, whose need to diversify energy sources is greater than the temptation to keep up with regional nuclear leaders Iran and Israel

Kuwait | Qatar
Issue 875 - 24 April 2010

Qatar positions itself for Areva deal

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Qatar is lining up a potential bid for a stake in French nuclear world-beater Areva – which will have to confront French resistance to an Arab government buying into a ‘national champion’ but seems to have the support of President Nicolas Sarkozy and French lobbies that have long cultivated relations with Doha and Abu Dhabi

Qatar
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Post-election challenge to oil contracts unlikely, Second LNG train starts production,

Yemen | Iraq
Issue 874 - 10 April 2010

Gulfsands moves into North Africa

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Syria-focused Gulfsands Petroleum has agreed with Australia’s AuDAX Resources to farm into the Chorbane and Kerkouane exploration permits in Tunisia, and another in southern Italy.

Syria
Issue 874 - 10 April 2010

Gulfsands moves into North Africa

Subscriber

Syria-focused Gulfsands Petroleum has agreed with Australia’s AuDAX Resources to farm into the Chorbane and Kerkouane exploration permits in Tunisia, and another in southern Italy.

Syria