The European Union’s energy deals with Israel violate the block’s own policies and obligations under international law, according to the Palestinian BDS National Committee (BNC). The committee is the broadest Palestinian civil society coalition that works to lead and support the Boycott, Divestment and Sanctions (BDS) campaign. Exposing what they say is the “EU’s energy […]
The European Union opened an office in Qatar on Wednesday, in a sign of the Gulf State’s growing influence in solving the international energy crisis, local Qatari media reports. According to the report, EU Council President, Charles Michel, was to meet the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, and other top officials in […]
RIYADH: Following the launch of Saudi Arabia’s Vision 2030 in 2016, the Kingdom is on its way to becoming the world’s biggest construction site with a total investment of SR4.13 trillion ($1.1 trillion) in infrastructure and real estate projects, according to global real estate consultancy Knight Frank. The real estate firm projected that Riyadh’s population […]
RIYADH: Oil prices rose more than 3 percent on Monday as the Organization of the Petroleum Exporting Countries and its allies agreed a small production cut to bolster prices. At a meeting at 1pm CEST on Monday Sept, 5, the group, which includes Russia and is known as OPEC+, agreed to reduce output by 100,000 barrels per day, with a […]
RIYADH: Saudi Arabia and Thailand signed a free trading agreement on Aug. 29 during the Saudi-Thai Business Forum organized by the Council of Saudi Chambers. Additionally, the two parties signed agreements to facilitate commercial procedures and to establish a Saudi-Thai Business Council, according to the CSC’s tweet. “The governments of Saudi Arabia and Thailand are keen […]
The United Arab Emirates and Sudan have expressed their support for comments made by Saudi Arabia regarding the possibility of introducing production cuts to balance an oil market it described as schizophrenic, Reuters reported. Sudan Eenergy and Petroleum Minister Mohamed Abdallah said in a statement his country supports OPEC+ efforts to maintain market stability in the face […]
Energy giant ExxonMobil was granted a 2-year extension by the Hellenic Hydrocarbons Resources Management S.A. (EDYE) regarding the First Phase of the Basic Stage of exploration in the “West of Crete” and “Southwest of Crete” plots in order to facilitate the completion of the works. The request and the corresponding decisions, which were issued yesterday, […]
OPEC+ to start work on new agreement beyond 2022
The Qatar Fund for Development (QFFD) has signed an agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to build and connect the regional electrical system to the southern Iraq network, Doha News has reported. It is hoped that this will meet some of the demand for electricity in southern Iraq, as well as increase […]
The US imposed sanctions on Chinese and other companies on Monday after accusing them of helping to sell tens of millions of dollars’ worth of Iranian oil and petrochemical products to East Asia. The move comes as Washington seeks to increase pressure on Tehran to curb its nuclear programme. The US Treasury and State Departments […]
