Articles in News by Country
Bahrain-based Islamic investment firm Gulf Finance House (GFH) has successfully struck a deal to delay the repayment of one third of a $300mn loan by six months, narrowly avoiding a default, it said 10 February. …
The deteriorated operating environment in the Gulf region is weakening asset quality and the financial performance of banks, according to Standard & Poor’s Ratings Services (S&P). On 8 February the agency revised its outlook on …
The election of Viktor Yanukovych as Ukraine’s new president could open the way for a major recalibration of the strategic gas relationship between his country, Russia and the European Union. Mr Yanukovych appears willing to …
Agreement has been reached on the price that Turkey will pay Azerbaijan for natural gas from the Shah Deniz Phase 1 development. Talks continue on the price and transport fee for natural gas that will …
Turkmen President Gurbanguli Berdymukhamedov signed an agreement worth $2.2bn with a French-Belgian consortium for improvements in Turkmenistan’s power transmission system during a visit to Paris during the first week of February. The project is to …
Edinburgh-based Melrose Resources has found gas with the South Damas-1 well drilled on the South East Mansoura concession in Egypt, which it owns outright. The company announced on 5 February that its preliminary estimate of …
Dana Gas and GDF Suez have made a second gas discovery on their West El Burullus concession in the offshore Nile Delta, the two companies announced 10 February. The Papyrus 1-X well, which was drilled in …
January traffic through the Suez Canal was up 8% year-on-year, with 1,418 vessels passing through the canal compared to 1,313 in January 2009, according to new figures released by the Suez Canal Authority. Net tonnage …
Iranian Minister of Petroleum Masoud Mirkazemi told reporters on 8 February that the government plans to establish a special National Energy Fund, “created through cooperation with four state banks as well as the Central Bank …
Iranian Minister of Petroleum Masoud Mirkazemi announced on 6 February that the National Iranian Oil Company (NIOC) has discovered an oil field in western Kermanshah province and a gas field in southern Fars province. The …
