Energy Industry

Aug 26, 2017

Qatari ambassador back on the job in Iran

Qatar's ambassador to Iran back on the job, undoubtedly angering Arab nations seeking to isolate it


Aug 21, 2017

Emirates approves new 'sin tax' to boost government revenue

The United Arab Emirates has issued a new law that imposes taxes on tobacco products, energy drinks and soft drinks to boost revenue and help offset the impact of lower oil prices


Aug 9, 2017

OPEC secures output compliance pledges from 4 producers

OPEC says a technical committee secured commitments from four oil producing countries to work to bring their production in line with previously agreed output targets


Aug 7, 2017

Iran signs its biggest-ever car deal with France's Renault

Iran has signed the country's biggest-ever car deal to build tens of thousands of cars annually under a joint venture with French automobile manufacturer Groupe Renault


Aug 7, 2017

UAE's main oil company in talks over offshore oil stakes

United Arab Emirates' main state oil company says it plans to divvy up its offshore oil operations


Jul 29, 2017

Iran says US Navy fires warning shots near its vessels

Iran's state news agency is reporting that a U.S. Navy aircraft carrier has fired a warning shot in an "unprofessional" confrontation with Iranian vessels


Jul 28, 2017

Thousands of North Korean laborers in US-allied Gulf nations

Thousands of North Korean laborers work in the Persian Gulf, helping Pyongyang to evade international sanctions


Jul 20, 2017

Turkey's PM says Greek Cypriot gas search 'dangerous'

Turkey's prime minister says a Greek Cypriot search for oil and gas off Cyprus' southern coast is 'dangerous' and is throwing efforts to reunify the ethnically divided island into deadlock


Jul 13, 2017

The Latest: Gaza power plant shuts down, causes blackouts

Gaza's power distribution company says supplies to the territory's 2 million residents dropped to unprecedented levels, with blackouts lasting for more than 24 hours


Jul 12, 2017

Iraq plans to offer new exploration rights for oil, gas

Iraq says it will offer new oil and gas exploration rights as it looks to boost energy revenues to fund its war against the Islamic State group and shore up its finances amid low oil prices