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Iraqi oil field worker in Basra
June 25th, 2026 - 12:14 GMT
P. Choiaqo

P. Choiaqo

Iraq rethinking its OPEC membership due to oil production limits

ALBAWABA - In a Reuters exclusive report: Iraq, one of the founding members of OPEC, is now considering leaving the organization after Strait of Hormuz disruptions and limited oil production quotes hit the county hard. “Saudi Arabia and ​other OPEC allies should treat this matter with the utmost seriousness. Failing that, Iraq will be compelled to consider all available options,” a senior Iraqi oil ⁠ministry official told Reuters. Iraq’s economy ...
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Ban Ki-moon and Jim Yong Kim will be also joined by the President of the Islamic Development Bank Group Mohammed Ali Al Madani in their visit to Lebanon. (AFP/Don Emmert)
March 20th, 2016 - 08:30 GMT

Ban Ki-moon, World Bank President to visit Jordan, Lebanon and Tunisia

Oil prices have picked up, but energy companies are still apprehensive as witnessed by declines in rig activity. (File photo)
March 20th, 2016 - 07:29 GMT

Oil rallies to 2016 high on news of Doha meeting

The University of Lausanne report assessed the level of adherence of the Qatari regulations to the ILO principles on labour conditions. (File photo)
March 20th, 2016 - 06:39 GMT

'Significant improvements' in Qatar's treatment of migrant workers : ILO

Russian emergency rescuer walks through wreckage of the flydubai passenger jet which crashed, killing all 62 people on board as it tried to land in bad weather in the city of Rostov-on-Don on March 19, 2016. (AFP)
March 20th, 2016 - 05:07 GMT

Flydubai announces $20,000 compensation to each family of crash victims

Port Arthur Refinery in Houston, which will be solely controlled by Saudi Refining Inc after the breakup of Motiva. (AFP/File)
March 17th, 2016 - 01:39 GMT

Saudi Aramco, Shell to dissolve 20-year joint US venture

The Leviathan development plan calls for eight production wells to be drilled along with two pipelines. (File photo)
March 17th, 2016 - 01:00 GMT

Noble Energy plans to have Leviathan gas flowing by 2019

The power station in south Cairo is under development at a total cost of $1.7 billion to generate 1.950 megawatts. (File photo)
March 17th, 2016 - 12:00 GMT

Kuwait Fund approves $108M loan to Egypt for new power station

Brent and WTI crude currently stand around $39 and $37 a barrel respectively from lows of below $30. (File photo)
March 17th, 2016 - 11:00 GMT

Qatar to host oil production-freeze talks April 17

Nonprofit groups in the US have long raised money to be sent overseas to Israel, in addition to the billions in aid pledged each year by the US government. (AFP/File)
March 17th, 2016 - 10:00 GMT

US NGO raises over $24M for Israeli soldiers in one night

Prior to the civil war, Libya was producing more than 1 million bpd, compared to 480,000 bpd in 2014.  (Oilpro)
March 17th, 2016 - 09:00 GMT

Libyan oil production at five-year low

Both countries have suffered a decline in tourism as a result of suspended flights. (Wikimedia Commons)
March 17th, 2016 - 08:00 GMT

Egypt, Russia working to resume flights 'as soon as possible'

The campaigners stickers are now being seen at the entrance to more stores in Amman. (Facebook)
March 17th, 2016 - 07:00 GMT

Jordan's resurrected BDS campaign gains momentum

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