Algeria awards 4 out of 31 oil, gas blocks on offer
Algeria awarded four of 31 oil and gas field blocks on offer to foreign consortiums on Tuesday in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnate production
Etihad Rail set to launch next phase of UAE railway network
The United Arab Emirates' railway developer Etihad Rail is set to secure government funding and award contracts to build the second phase of its USD 11 billion national rail network, its acting chief executive officer said.
Egypt aims to pay USD2bn to USD3bn of debt to oil firms by end of 2014 -minister
Egypt aims to pay back USD 2 billion to USD 3 billion it owes to oil and gas companies by the end of the year, the oil minister said on Tuesday, as the government tries to spur new investment to boost supplies.