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Strategic Oil Reserves
March 14th, 2026 - 12:53 GMT
Osama Ali

Osama Ali

Japan announces major oil reserve release amid Iran war market shock

ALBAWBA - As part of an international effort to calm the world's energy markets after the conflict with Iran caused substantial price hikes, Japan announced intentions to release a significant amount of its strategic oil reserves. After initially expressing reluctance, European nations have decided to take part in a coordinated release of oil reserves, according to Japanese Industry Minister Ryosei Akazawa on Saturday. After Japan had earlier assisted in easing ...
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In its first public announcement on the project, SABIC did not say where the complex would be located, how much it would pay for the oil or if the crude would be subsidised
May 14th, 2014 - 11:13 GMT

Despite all the other 'mysteries': SABIC's oil-to-chemical plant to become operational in 2020

Etisalat has completed its purchase of a 53 per cent stake in Maroc Telecom from Paris-listed Vivendi for €4.14 billion euros.
May 14th, 2014 - 10:53 GMT

Taking over: Etisalat completes 53% purchase of Maroc Telecom

Al Bawaba
May 14th, 2014 - 02:55 GMT

Twitter to cater to Israeli businesses

Al Bawaba
May 14th, 2014 - 02:55 GMT

Betting high: Zain Jordan expected to pay $200 million to introduce 4G to the Kingdom by year end

Iran's crude oil exports have been rising since Tehran reached a breakthrough deal with six world powers over its nuclear energy program last November.
May 14th, 2014 - 02:55 GMT

Who's being replaced? Iran to export 400,000 bpd to China

Al Bawaba
May 13th, 2014 - 11:20 GMT

“Day of rage”: Lebanon’s salary scale for civil servants to come under serious scrutiny

The decline in the EU countries’ imports of Russian gas will force them to look toward Gulf countries for gas.
May 13th, 2014 - 10:44 GMT

Europe, be jealous: Egypt to obtain Russian gas at favorable rate

Oakili said the ministry plans to take stern action against individuals and companies who trade in fake computer programs.
May 13th, 2014 - 04:42 GMT

A bit overboard? Saudi students expelled from US universities for downloading pirated software

The saved itinerary can then be retrieved later on, changed and updated, or booked immediately.
May 13th, 2014 - 02:55 GMT

Etihad airways: first butlers in the sky, now tailor-made holidays

Saudia has already privatized five units including catering, cargo, ground services and Saudia aerospace engineering industries.
May 13th, 2014 - 02:55 GMT

Nationalization to apply to the skies as well? Saudi Arabia keen to Saudize pilot positions

Al Bawaba
May 13th, 2014 - 02:55 GMT

Egypt seizes more assets from Muslim Brotherhood

"When we discussed with Jordanian authorities how public money should be spent, we proposed more expenditure on health and education, and less on energy subsidies,” Lagarde explained.
May 13th, 2014 - 12:20 GMT

Always ready to take things further: IMF ready to provide more (troubles?) for Jordan

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