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Iraq’s Ministry of Transportation is liquidating Iraqi Airways, one of the Middle East’s oldest airlines

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

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

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.

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

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

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

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

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-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.

The withdrawal of a mysterious Middle Eastern investment fund from a joint venture with Kurdistan-focused exploration company Gulf Keystone Petroleum frees it from an awkward partnership. But the affair leaves the Natural Resources Ministry of Kurdistan looking less than open in its approach to licensing exploration blocks

The contracts are signed and the elections over, but the vagaries of post-election government formation mean that international oil companies will have to wait months to know what attitude the next administration will take towards the service contracts that emerged from last year’s two licensing rounds

As the United States pushes for further sanctions over Iran’s nuclear programme, China’s emergence as a major player in oil production threatens to undermine efforts to target the Islamic Republic’s besieged energy industry

RAK Petroleum (RAK-P) has farmed into the Hammamet exploration permit offshore Tunisia. Canada’s Storm Ventures International (SVI) was awarded the block in June 2005. It now holds a 35% operated interest, down from 65%, and has conducted 2D and 3D seismic. Australia’s Cooper Energy holds the remaining 35%.

Company explores finance options for Shaikan, but acknowledges risks of exploring in frontier area