The amount owed by Egypt was $265m as of December 31, up from $221m at the end of 2015
Crude prices have held above $50 a barrel since early December
The boutique firm has beaten competition from larger and more established banks, according to reports
The decision comes as trade unionists in the country urge the government to introduce a fuel stamp system
The planned pipeline would connect Iran’s gas reserves with Omani consumers
Unit 4 of the nuclear power plant is currently more than 38 per cent complete
The recent increase of diesel prices to above OMR0.200 has prompted debate in the country
QP is merging two liquefied natural gas divisions, Qatargas and RasGa
The company’s petroleum product sales reached 245 million barrels in 2016
The new workers will double the number of Kuwaiti staff in the oil sector
The country currently changes prices monthly based on global oil markets
The planned listing next year of up to 5 per cent of Aramco is expected to be the world’s biggest IPO
Khalid Al-Falih said the projects would be awarded in September
The kingdom’s energy minister says Saudi may increase its oil investments in the US
The Dubai lamp is expected to be made available in the Dubai market by the end of this year
Petrol prices have been increased by an average of 4.6 per cent
Based on a figure of 265 billion barrels, Aramco’s fields contain about 15 per cent of the world’s proven reserves
Qatar Investment Authority and Glencore have bought a 19.5 per cent stake in Russia’s Rosneft
JPL owns a 50MW wind power project at Sindh in the Jhimpir wind corridor
Aramco pulled out after conducting a feasibility study, according to the Wall Street Journal
Russian shipments surged nearly a quarter over 2015 to about 1.05 million barrels per day
The company said it had not detected any leaks of harmful gas
The kingdom is maintaining production capacity at 12.5 million barrels per day
Producers will lower output by nearly 1.8 million barrels per day under the deal
The increase in oil prices is expected to help the country narrow its budget deficit this year
The whole complex at Rabigh was closed as a precautionary measure after a technical failure
Dubai’s deputy ruler Sheikh Hamdan bin Rashid Al Maktoum has been appointed chairman
Essam Al-Marzouq told Sky News Arabia on Sunday the country would privatise areas related to oil services
The plant will incinerate up to 37.5 tonnes of solid waste per hour to create 30MW of energy