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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