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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.
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Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

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Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.
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Iraq’s Oil Exports Through Kurdistan Pipeline to Turkey Double to 500,000 Barrels a Day, KAR Group Chairman Says

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

Qatar Gas Transport Co. (Nakilat) said its LNG carrier Al Mayeda was hit by unidentified objects while sailing in the Gulf on Oct. 30, with no crew injuries.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

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Bahrain Mazad auction offers Riffa 1 power station and spare parts to investors

The Mazad auction has launched a new opportunity for investors and contractors. This digital auction includes the sale and dismantlement of the Riffa Power...

Adnoc Contract Awards Boost Local Economy

Adnoc contract awards are worth Dh65.7 billion in just the first half of 2025. Nearly 400 local suppliers, contractors, and service providers received these...

Iraqi Centre for Oil Services Boosts National Oil Capacity

Iraq has launched a major new facility to strengthen its oil sector. The Iraqi Centre for Oil Services officially opened in Basra. This strategic...

Iraq Power Plant Operations Boosted by EthosEnergy Contract

Iraq power plant operations are entering a stronger phase with a new contract awarded to UK-based EthosEnergy. The agreement covers the Maysan Combined Cycle...

Kuwait Oil Production to Reach 3 Million BPD by 2030

Kuwait oil plan is a massive oil investment to boost national output. The country aims to raise its oil production capacity above 3 million...

Iraq FCC Project Nears Completion at South Refineries Company

The Iraq FCC project led by the South Refineries Company (SRC) is entering its final phase. Construction has reached 98%, marking a major achievement...

Oman OQBI Profit Growth Reflects Strong Industrial Strategy

The Oman OQBI profit growth reflects a powerful combination of strong sales, operational efficiency, and strategic focus. OQ Base Industries (OQBI) reported a sharp...

Sohar Polymer Project Moves Ahead with First Phase Launch

The Sohar polymer project is moving forward with strong momentum. It will launch its first phase early next year. ZL EOR Chemicals leads this...

Genel Energy Issues Q1 2025 Update on Kurdistan Operations

Genel Energy has released its Q1 2025 trading and operations update, focusing on its activities in the Kurdistan Region of Iraq. The company reported...

Aramco Q1 Profits Drop Despite Strong Dividends

To start off, Saudi oil giant Aramco reported a 4.6% Aramco Q1 profits fall in net income for the first quarter. The company posted a...

Sulzer and Manweir Strengthen Rotating Equipment Support in Qatar

To begin with, Doha, Qatar, Rotating equipment support in Qatar is getting a major upgrade as Sulzer partners with Manweir to deliver faster, high-quality...

Iraq Strengthens Energy Ties with Azerbaijan Through New Talks

Iraq energy cooperation gained momentum as Prime Minister Mohammed Shia Al-Sudani welcomed officials from Azerbaijan for high-level talks. The meeting focused on boosting strategic...
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