Qatar to Provide $400 Million To Help Egyptian Mostorod Refinery
Qatar is providing $400 million to support Egypt’s Mostorod refinery project, which has been stalled since…
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Commodities News
Iraq West Qurna 2 Seen at 500.000 bdp in 2014: Oil Minister
Production at Iraq’s West Qurna Phase-2 oilfield is expected to hit 500,000 barrels per day (bpd) in 2014, Iraq’s…
Libya Oil Production Nears Pre-War Levels: Ben Yezza
Libya's oil minister says production is nearly back to its pre-war levels. It's now at 1.5 million barrels a day.…
Libya Recovery Contributes to OMV Q1 Boost
Output from a Libya, recovering from the turmoil of civil unrest, helped OMV boost production slightly in the first…
Iran’s Annual Copper Production Amounts To 235.000 Tons: Official
Ardeshir Saad mohammadi, managing director of National Iranian Copper Industries Company (NICICO) says some 235,000…
Iran Largest Crude Steel Producer in Mideast, Africa: Report
A report says that the Islamic Republic of Iran has become the largest producer of crude steel in the Middle East…
Egyptian Gas Cutoff Is Business Not Politics: Netanyahu
“We don’t see this cutoff of the gas as something that is born out of political developments. It’s actually a…
Italy Police Capture $4 Bln of U.S Securities
Italy financial police have seized U.S. securities with face values of about $1.5 billion (930.0 million pounds)…
Wheat Reserves Reach 1.103 Mln Tons in Alex Harbor
The wheat reserves reached 1.103.632 million tons in Alexandria harbor. The regulatory authorities took all the…
Statoil Fuel Agrees To Alimentation Bid Of $2.8 Bln
Canada's Alimentation Couche-Tard Inc has agreed to buy Norway's Statoil Fuel and Retail for $2.8 billion, a move…