oil

Iraq explosives experts working to defuse mine on oil tanker
Middle East

Iraq explosives experts working to defuse mine on oil tanker

BAGHDAD (AP) — Iraqi explosives experts were working to defuse a large mine discovered on an oil tanker in the…
Eni announces new oil discovery in Egypt’s Western Desert
Business

Eni announces new oil discovery in Egypt’s Western Desert

The Italian Oil Company Eni announced on Wednesday the discovery of new oil resources in Egypt’s Western Desert, adding 10,000…
Are Saudi Arabia and Pakistan untying the knot?
Middle East

Are Saudi Arabia and Pakistan untying the knot?

The recent visit by the Indian chief-of-staff to Saudi Arabia has marked not only a major step in the countries’ military…
Iraqis panic as leaked budget draft signals devaluation
Middle East

Iraqis panic as leaked budget draft signals devaluation

BAGHDAD (AP) — A leaked draft of Iraq’s state budget sent Iraqis into a panic on Thursday as it confirmed…
Saudi Arabia plans spending cuts to trim deficit amid virus
Middle East

Saudi Arabia plans spending cuts to trim deficit amid virus

DUBAI, United Arab Emirates (AP) — Saudi Arabia plans to cut more than seven percent in spending next year, the…
Kuwait names new oil and finance ministers as government faces liquidity crunch
Middle East

Kuwait names new oil and finance ministers as government faces liquidity crunch

KUWAIT (Reuters) – Kuwait’s emir on Monday approved a new cabinet that included new ministers of oil and finance for…
Two small Iraqi oil wells set ablaze in ‘terrorist attack’, ministry says
Middle East

Two small Iraqi oil wells set ablaze in ‘terrorist attack’, ministry says

KIRKUK (Reuters) -Two wells in a small oilfield in northern Iraq were set ablaze by explosives in a “terrorist attack”…
Kuwait emir reappoints Sheikh Sabah al-Khalid as PM – state media
Middle East

Kuwait emir reappoints Sheikh Sabah al-Khalid as PM – state media

DUBAI (Reuters) – Kuwait’s Emir Sheikh Nawaf al-Ahmad al-Sabah reappointed Sheikh Sabah al-Khalid al-Sabah as prime minister on Tuesday following…
Iran prepares to raise oil exports if sanctions eased: state media
Middle East

Iran prepares to raise oil exports if sanctions eased: state media

(Reuters) – Iran has instructed its oil ministry to prepare installations for production and sale of crude oil at full…
Oil-rich Kuwait faces reckoning as debt crisis looms
Middle East

Oil-rich Kuwait faces reckoning as debt crisis looms

DUBAI, United Arab Emirates (AP) — When Kuwait emerged from a months-long coronavirus lockdown, hundreds of Kuwaitis flocked to reopened…
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