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Oil Ministry

Oil Ministry latest

Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
May 25th, 2016 - 04:17 GMT

Oil recovery to $65 a 'fair price' to encourage investment: Qatari minister

Ahead of Vienna OPEC meeting, there are signs of slow market recovery, but Qatar's energy minister does not rule out reviving talks of a production freeze.
Read more
Al Bawaba
February 21st, 2016 - 01:00 GMT

True to their word, Iran pumps up the volume

Al Bawaba
January 18th, 2016 - 02:30 GMT

Iran to increase oil production by 500,000 bpd following sanctions lift

Al Bawaba
September 3rd, 2015 - 09:31 GMT

Low oil prices hit Iraq’s revenue, down by nearly $1 billion in one month

Al Bawaba
January 6th, 2015 - 04:55 GMT

Extended losses: Gulf markets slide as oil plunges below $55

But Egypt wants long-term investments to improve the country's economy, which has been suffering ever since an uprising toppled President Hosni Mubarak in 2011.
September 18th, 2014 - 12:23 GMT

High expectations: Egypt's economy to grow 6% in the new 3 years, says finance minister

Pressure on French energy giant Total to pay more for liquefied natural gas that it ships from Yemen has intensified.
February 18th, 2014 - 03:55 GMT

Yemen's energy troubles weighing hard on French Total

Previously, Iran has dealt with foreign companies through “buybacks”. According to sources, the meetings in London will allow Iran to present the findings of a review of these contractual terms.
December 3rd, 2013 - 10:53 GMT

European oil giants ready for business with Iran

The International Energy Agency says Iraq’s oil production will fall below three million barrels per day for the first time in six months. Indeed, it could fall by half a million barrels due to long overdue infrastructure work at its southern terminals.
November 17th, 2013 - 09:42 GMT

Are Iraq's oil ambitions going down the drain?

For Illustrative Purposes. AFP PHOTO / Jose Manuel Rondon
August 17th, 2013 - 10:40 GMT

Bomb explosion halts Iraqi-Turkish oil flow

Oil
August 30th, 2012 - 10:09 GMT

Saudi's surplus: spare oil to sell?

Iran has threatened to close the Strait of Hormuz if Western moves to ban Iranian crude exports crippled its energy sector
March 19th, 2012 - 06:53 GMT

Iraq plans oil export routes for any Hormuz crisis

Iran is looking to discover 2.5 billion barrels of recoverable oil and 23 trillion cubic feet of gas in the course of the country's fifth five-year development programme (2010-2015) now under way
March 4th, 2012 - 11:09 GMT

Iran discovers huge oil field

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