Saturday 2 July 2016
 
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Ma'aden unit starts production at copper mine

An affiliate of Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, has started commercial production at the Jabal Sayid copper mine, Ma'aden said on Thursday.   The mine is operated by Maade

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AIS opens big food production facility in Ajman

Arab & India Spices (AIS), one of the largest importer of food products in the Middle East, has unveiled the region’s largest food production facility built in Ajman at an investment of Dh350 million ($95.2 million). The

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AIS opens big food production facility in Ajman

Arab & India Spices (AIS), one of the largest importer of food products in the Middle East, has unveiled the region’s largest food production facility built in Ajman at an investment of Dh350 million ($95.2 million). The

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Iran’s crude steel production up 4pc

Iranian steelmakers produced a total of 7.216 million tonnes of crude steel in the first five months of 2016, registering a growth of 3.91 per cent compared to 6.944 million tonnes for the same period last year, a report said. In

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Iran's biggest oil firm reaches pre-sanctions output

Iran's biggest oil production company said its production has reached pre-sanctions level, the oil ministry's news agency Shana quoted the CEO as saying on Monday. Bijan Aalipour, head of National Iranian South Oilfields C

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Egypt to increase natural gas output

Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 billion cubic ft per day. Once an energy export

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Kuwait minister urges Iran, Opec to freeze production

Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran, state news agency KUNA reported on Saturday. "There is

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Oil prices hit fresh 2016 highs on weak dollar

Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the US, although a looming rise in Middle East output capped gains. Brent crude futures were trading at $48.30 a barrel at 0644 GMT, u

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KNPC says current refining output 510,000-520,000 bpd

Kuwait's current refinery production is between 510,000 and 520,000 barrels per day (bpd) on the second day of a strike by Kuwaiti oil workers, an official from state refiner Kuwait National Petroleum Co (KNPC) said on Monday.

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Output freeze could push prices up: BofA Merrill

Bank of America Merrill Lynch said that global oil market rebalancing was under way and that prices could soon jump above $50 a barrel if a deal to freeze production results from a meeting in Doha this weekend.  

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