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Tag Archives: middle east oil

AP Interview: IMF says low oil prices still hurting Mideast

middle east oil, mideast economy, oil prices, OPEC

DUBAI, United Arab Emirates (AP) — Oil-producing Mideast countries are coping with low global oil prices though more government reforms are needed, the International Monetary Fund’s chief for the Mideast said as the organization issued a new report Wednesday showing weak economic growth in the region. Masood Ahmed also told The Associated Press that Iran’s economy beat expectations by growing ...

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Qatar says 12 countries confirmed for oil cap meeting

DOHA, Qatar (AP) — Qatar’s oil minister says 12 countries have agreed so far to participate in a meeting it’s hosting next month to discuss a freeze in oil output levels. Qatar announced earlier this month it would be the venue for between OPEC and non-OPEC producers on April 17 to discuss the production cap. The talks are aimed at ...

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Iran seeks $45B in foreign investment

Iran's economy minister Ali Tayebnia speaks with media at a press conference in Tehran, Iran, Saturday, Feb. 20, 2016. Iran's economy minister Ali Tayebnia says his country is seeking $45 billion in foreign investment following the implementation of a landmark nuclear deal with world powers last month. The historic agreement brought about the lifting of international sanctions last month after the U.N. certified that Iran has met all its commitments to curbing its nuclear activities under last summer's accord. (AP Photo/Ebrahim Noroozi)

TEHRAN, Iran (AP) — Iran’s economy minister said his country is seeking $45 billion in foreign investment following the implementation of a landmark nuclear deal with world powers last month. Ali Tayebnia told reporters Saturday that Iran expects $15 billion in direct foreign investment alone in the next Iranian calendar year, which begins March 20. The historic agreement brought about ...

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Israeli leader defends gas extraction deal in Supreme Court

Israeli Prime Minister Benjamin Netanyahu, center, and unidentified defense lawyers wait for the Supreme Court to convene, in Jerusalem, Sunday, Feb. 14, 2016. Netanyahu made an unprecedented appearance at the Supreme Court to defend a deal signed in December with U.S. and Israeli developers drilling offshore gas deposits. Israel's Channel 10 TV reported Netanyahu as telling the court that if Israel were to alter its deal investors could turn away and buy gas from Israel's enemies instead. (Jim Hollander/Pool Photo via AP)

JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu made an unprecedented appearance at the Supreme Court Sunday to defend a deal signed in December with U.S. and Israeli developers drilling offshore gas deposits. Israel’s Channel 10 TV reported Netanyahu as telling the court that if Israel were to alter its deal investors could turn away and buy gas from Israel’s ...

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Leviathan partners and BG close to $30b Egypt gas deal

offshore drilling rig preparing to explore the Levithan gas field in the Middle East

The Leviathan partners and British Gas (BG) are negotiating the final details of a contract for exporting Israeli natural gas to Egypt, and will sign it in the coming weeks, senior sources in the gas companies said today. According to the sources, the plan is to sign the contract before Shell Oil completes its acquisition of BG next month. Representatives ...

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Exclusive – Seized documents reveal Islamic State’s Department of ‘War Spoils’

Militant Islamist fighters hold the flag of Islamic State (IS) while taking part in a military parade along the streets of northern Raqqa province in this June 30, 2014 file photo. REUTERS/Stringer/Files

WASHINGTON – Islamic State has set up departments to handle “war spoils,” including slaves, and the exploitation of natural resources such as oil, creating the trappings of government that enable it to manage large swaths of Syria and Iraq and other areas. The hierarchical bureaucracy, including petty rivalries between officials, and legal codes in the form of religious fatwas are ...

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