Saturday 27 August 2016
 
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Olympic broadcast revenue jumps 7.1pc to top $4bn

Olympic broadcast revenues reached $4.1 billion from 2013 to 2016, a 7.1 per cent increase from the previous four years, according to the International Olympic Committee (IOC). The sale of broadcasting rights provides the IOC with

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IOC bans Kuwait over govt interference

The International Olympic Committee has suspended Kuwait for the second time in five years over government interference in the country's Games committee. The IOC said on Tuesday it met the government and the Kuwait Olympic Com

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India prepares to pay $1.4bn Iran oil dues

Indian refiners have got the green light to prepare to pay Iran $1.4 billion in oil dues, two sources with knowledge of the issue said, in one of the first signs that last month's nuclear deal is helping Tehran unlock frozen funds.

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Oil price flux unlikely to hit long-term sector growth

The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new rep

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Oil price flux unlikely to hit long-term sector growth

The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new rep

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India refiners in talks with Iraqi oil firm on strategic reserves

State refiners Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) are holding talks with Iraq's national oil company to buy 4 million barrels of Basra light crude oil for India's strategic petroleum reserves (SPRs), three source

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Iranian stake hurts Indian refiner's revival plan

Indian Oil Corp (IOC), the country's biggest refiner, is exploring options including a merger to save loss-making unit Chennai Petroleum Corp (CPCL), its chairman B Ashok told Reuters.   CPCL's attempts t

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Tunisia open to new technologies, partnerships

Tunisia is looking to welcome new technologies and partnerships with International Oil Companies (IOCs), that can be effectively integrated into existing projects, said a senior official. Mohamed Akrout, CEO of state-owned Tunisia

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Iraq's new govt to prioritise oil legislation

Iraq's new government will prioritise work on new hydrocarbon legislation to reassure international oil companies and integrate oil contracts signed in Kurdistan, a government spokesman said on Monday. "Among the next government's prioriti

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Jordan to host Eurasia chemical summit

Jordan has been selected to host the Eurasia Conference on Chemical Sciences after a competition was held on an international level by the International Organizing Committee (IOC). This makes Jordan the first Arab country to host such a co

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