Iraq and the German Development Bank (KFW) sign an amendment to the agreement to finance loans for a number of development projects
The Ministry of Finance signed today, Thursday, an amendment to the agreement to extend financing loans granted by the German Development Bank (KFW) for a number of development projects, where the amendment was signed between the Minister of Finance, …
The Minister of Oil inaugurates the first phase of the associated water injection project with a capacity of 300 thousand barrels per day in the northern Rumaila field
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani inaugurated this afternoon, Thursday, the first phase of the associated water injection project with a capacity of 300 thousand barrels per day in the northern Rumaila fiel…
Trade Minister discusses with the Turkish Ambassador the expansion and balance of the volume of trade exchanges
The Minister of Trade, Atheer Dawood Al-Ghurairi, discussed with the new Turkish Ambassador to Iraq, Anil Bora Annan, the prospects for economic, trade and investment cooperation, and expanding and balancing the volume of trade exchanges between the t…
GUPCO to drill 5 new wells to increase output 15,000 barrels per day
Cairo, The Gulf of Suez Petroleum Company (GUPCO) is planning to drill five new wells in North Safa and Al Wasl oil fields in the Gulf of Suez to develop oil reserves that exceed 100 million barrels and increase oil production to 15,000 barrels per da…
Oman Oil Price Stable at 80.66 US Dollars
Oman oil price (September delivery 2024) remained steady today at 80.66 US Dollars, showing no change compared to yesterday Wednesday’s price.
The average price of Oman oil (July delivery 2024) has stabilized at 83.89 US Dollars per barrel, thus 5.41…
Yen Rises While Main Japanese Stock Index Declines
The value of the Japanese currency rose to 152 yen against the dollar, benefiting from expectations that the Bank of Japan may normalize its monetary policy soon.
The Nikkei stock index logged on today its biggest single-day point fall in eight years…
Korea’s Economy on Growth Course Despite Slow Q2 Rates
The Republic of Korea’s economy unexpectedly slowed in the second quarter on softer private consumption and business investments, reinforcing expectations for a rate cut, but the central bank brushed off any excessive concern about the latest retreat …
Oil Falls on Weak China Demand Concerns
Oil prices eased today due to concerns over weak demand in China, the world’s largest crude importer.
Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.
US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77.26 pe…