More companies are expected to buy the oil and gas data from Lebanon as the bid for the first round of a prequalification tender in February, the CEO of Britain-based Spectrum has said.
The United Arab Emirates’ economy is estimated to have grown by around 4 percent in 2012, little changed from the previous year, and a similar clip is seen in 2013, its economy minister has said.
Two days of talks between the UN atomic agency and Iran have ended in Tehran, apparently without agreement, a diplomatic source told yesterday.
The Lebanese Cabinet authorized, in its session Thursday, the Energy and Finance ministries to mull funding for a $305 million project aimed at boosting power supply by 260 megawatts.
Dubai stocks rose to the highest level in more than two years as the emirates’ biggest companies prepare to report full-year earnings that investors expect will improve amid an economic recovery.
Russian oil major Lukoil has renegotiated its contract for the West Qurna 2 oil field, reducing the production target from 1.8 million barrels per day (bpd) to 1.2 million bpd.
Elsewhere in Iraq, Baghdad is considering a proposal for British oil giant BP PLC to begin work on a major oil field that lies in territory contested by Baghdad and the country's Kurdish minority.
Qatar National Bank is said to be among the suitors to submit preliminary bids to buy Rabobank's Indonesian unit in a $400m deal, sources with direct knowledge of the matter have said.