A European Union ban on Iran's oil from July could have major consequences for European oil companies in Asia, as little-understood provisions in the sanctions law could see them facing investigation despite their best efforts to stay legal. Zawya Dow Jones News - 25May 13:52GMT
The gas exporting countries would set up a Joint Organizations Data Initiative (JODI) for gas sector in line with JODI- Oil. The Peninsula - 25May 06:49GMT
Qatar would emerge as a key player in the global fertilizer market with the inauguration of "Qafco-6" at the end of this year. The Peninsula - 25May 06:45GMT
The GCC's fertilizer sector is set for major expansions. Over the next four years, the region's urea production would increase to a phenomenal 40 percent, said Abdulwahab Al Sadoun, Gulf Petrochemicals & Chemicals Association (GPCA). The Peninsula - 25May 06:44GMT
Dow Chemical of the US has been awarded $2.16bn in damages from the Petrochemical Industries Company of Kuwait by an arbitration court over the breakdown of a planned joint venture between the two companies in 2008. Financial Times - 25May 05:36GMT
Oil prices eased in Asian trade Friday on growing fears about the eurozone's debt troubles but the falls were tempered by worries about the nuclear standoff between the West and Iran, analysts said AFP - 25May 05:29GMT
The Department of Oil Affairs in the government of Dubai announced that it had notified its customers that the official price of Dubai crude oil will be USD0.10 less per barrel than the average daily settlement price of the DME Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded during the next month. WAM (Emirates News Agency) - 24May 13:09GMT
Turkish Minister of Energy and Natural Resources Taner Yildiz says Turkey's imports of natural gas from Iraq will in no way affect the country's imports of the energy source from Iran. Tehran Times - 24May 07:05GMT
Strong oil prices boosted Saudi Arabia's GDP per capita income to a record high level of more than USD 20,000 in 2011 but the level remained a fraction of the per capita in neighbouring Qatar and the UAE. Emirates 24|7 - 24May 06:01GMT
Oil rebounded in Asian trade Thursday as investors bought into the market after prices fell below $90 a barrel the previous day, analysts said. AFP - 24May 04:30GMT
Selected comments and analysis that reflect our angle into current business issues in the region.
Growth in the pipeline Plans for a major new refinery and record exports to Asia have led to heady estimates of Kuwait's oil revenues for 2012 and the sector is looking to innovative techniques to extract huge reserves of heavy oil.
Iran Pressure on Iran The G8 countries ramped up pressure on Iran with an unprecedented joint agreement to release oil from their strategic reserves if there is further disruption to supply.
Qatar's LNG threat Qatar has ruled the liquefied natural gas (LNG) world for the past few years, but it will see the market flooded with new rivals eager to sign up Asian investors over the next five years, just when its own gas production lines goes flat.