Other Gulf countries
Iraq to reduce oil production to compensate for exceeding quota last year

Iraq, which is the second largest producer in OPEC after the Kingdom of Saudi Arabia, plans to reduce oil production in January and February of this year 2021 in order to compensate for its excess of...

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The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?

The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices.   The group had reached the agreement a few days ago in a...

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ECSSR: Abdul Latif Al-Zayani: “GCC is a successful model for regional cooperation in facing challenges”

His Excellency Dr. Abdullatif bin Rashid Al Zayani, Secretary-General of the Cooperation Council for the Gulf Arab countries, delivered a lecture on Wednesday 15 January 2020 at the Sheikh Zayed Hall...

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OPEC and Russia deepen oil output cuts

Sources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...

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Saudi Arabia and Kuwait agree to restore shared Oil Production in Neutral Zone

Kuwait and Saudi Arabia agree to stop the political dispute related to oil production from the fields of the Neutral Zone, which lasted for five years, and the agreements paved for the resumption of...

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GPIC wins The Gold Medal in France

28.11.2019 Gulf Petrochemical Industries Company (GPIC) wins a gold medal in the field of industrial excellence from the International Fertilizer Association (IFA) in November during the...

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Francesco La Camera Appointed as New IRENA Director-General

New head of the International Renewable Energy Agency starts his four-year term Abu Dhabi, United Arab Emirates, 4 April 2019 – Today, Francesco La Camera took office as the Director-General of...

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Qatar says sees merits of extending oil supply cut into first quarter of 2018

Qatar’s energy minister said on Saturday he was optimistic that extending a global oil supply cut beyond June would improve market stability, and that there was merit in continuing the curbs...

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Saudi Arabia, Russia push to extend oil output cuts until March 2018

Saudi Arabia and Russia, the world’s two top oil producers, agreed on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up...

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Aramco agreement with Petronas gives Saudi Arabia the largest share in Asian markets

Reuters said that Saudi Arabia – the largest oil exporter in the world – cut a long way in the race for market share in Asia after it agreed some days ago to inject seven billion dollars in a...

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