Energy Industry

Iraqi parliament approves budget of $112 billion for 2019

Jan 24, 2019

Iraqi parliament approves 2019 budget of $112 billion after much wrangling over apportion of revenue

Natural gas fields give Israel a regional political boost

Jan 23, 2019

Discovery of natural gas fields off Mediterranean coast gives Israel geopolitical boost with neighbors

Iraqi prime minister visits Basra, months after unrest

Jan 20, 2019

Iraq's new prime minister, Adel Abdul-Mahdi, has visited Basra, a city that saw riots last summer over acute water pollution and crippling power outages

Cyprus: US to lift Cyprus arms embargo in security boost

Jan 18, 2019

Cyprus' foreign minister says the U.S. will soon start lifting a decades-old arms embargo on the eastern Mediterranean island because Washington acknowledges its contribution to bolstering stability and security in the region

Shah of Iran modernized his nation but vacillated in crisis

Jan 17, 2019

Shah modernized Iran with oil money, but seized all power; his 'Hamlet' indecision in crisis proved to be his downfall

Egypt launches regional gas forum, including Israel in fold

Jan 14, 2019

Egypt has hosted its first ever regional gas forum, with several government delegations attending including the Israeli Energy Minister in the first such government invite for an Israeli Cabinet minister since its 2011 Arab Spring uprising

Saudi energy minister concerned about oil price volatility

Jan 13, 2019

Saudi energy minister urges oil producers to do better to narrow price swings from $60 to above $86 a barrel

Iraq to proceed with oil exploration with Iran

Jan 10, 2019

Iraq's oil minister says Iraq and Iran are jointly exploring two oil fields shared between the two countries, despite U.S. efforts to isolate Iran from global oil markets

Pompeo, in Iraq, seeks to reassure Kurds on Syria withdrawal

Jan 9, 2019

Secretary of State Mike Pompeo sought to reassure U.S.-backed Kurdish forces in Syria that they will be safe after American troops withdraw from the country

Egypt introduces price index for fuel linked to oil prices

Jan 8, 2019

Egypt creates new automatic price indexation mechanism for 95-octane gasoline, as part of a reform program aiming at reviving the country's economy

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