The Oil Kingdom Has Set Up A $4 Billion Tourism Fund
The world’s top oil exporter, Saudi Arabia, is creating a tourism development fund with an initial investment of US$4 billion as part of efforts to diversify away from oil and Continue Reading
Iraq expects higher crude revenue in July, selling oil at $34-$35/b: report
Iraq expects higher crude revenues in July and is currently selling its oil at around $34-$35/b, the al-Mirbad news organization quoted the oil minister as saying on June 22. Iraq Continue Reading
Saudi Arabia to bar arrivals from abroad to attend the haj
Saudi Arabia said on Monday it will bar arrivals from abroad to attend the haj this year due to the coronavirus, allowing only a limited number of Saudi citizens and Continue Reading
Saudi Intercepts Ballistic Missile Headed to Riyadh From Yemen
Saudi Arabia came under a missile and drone attack from Iran-backed Yemen rebels that targeted the capital, Riyadh, and other cities, state-run Saudi Press Agency reported. Saudi air defenses intercepted Continue Reading
UK-based Energean completes laying of core Israeli gas pipeline
Work to lay the main pipeline to link UK-based Energean’s Karish and Tanin gas fields to the Israeli shore is now complete, the company said June 22. Receive daily email Continue Reading
Europe tells U.S.: we won’t back unilateral Iran sanctions snapback
Britain, France and Germany said on Friday they would not back U.S. efforts to unilaterally trigger the reimposition of United Nations sanctions on Iran, but said they wanted talks with Continue Reading
Iraq coronavirus outbreak: Hospitals become nexus of infection
On the front lines, Iraq’s doctors are contracting the coronavirus by the hundreds, as a rising wave of infections threatens to crush the country’s health-care system. Medical staff who develop Continue Reading
Spiking pandemic hits Iraqi oil sector and security forces
The widening scale of the coronavirus pandemic in Iraq is causing new disruptions to oil sector operations and is hurting the ability of security forces to respond to an intensifying insurgency. Continue Reading
Iran foreign minister: An ‘agreeable solution’ possible for IAEA inspection request
Iranian Foreign Minister Mohammad Javad Zarif tweeted that “an agreeable solution is possible” for the United Nations nuclear watchdog’s request for access to two nuclear sites in the country. France, Continue Reading
Saudi Aramco Slashes Hundreds of Jobs After Slump in Oil Prices
Saudi Aramco , the world’s biggest oil exporter, has begun cutting hundreds of jobs as it looks to reduce costs after a slump in energy prices, according to people familiar Continue Reading