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  • Petroleum Development Oman

    Iraq signs gas contract with Pakistan Petroleum

    Iraq signed an initial gas exploration contract with Pakistan Petroleum on Sunday as part of its push to attract more foreign investment to develop its energy sector following years of war and sanctions.

    July 15, 2012 5:16
  • http://www.dreamstime.com/-image15247709

    Saudi Cement second quarter net profit jumps 36 percent

    Saudi Cement Co posted a net profit of 290.2 million riyals ($77.4 million) for the second quarter on Saturday, a rise of 36 percent from a year earlier.

    July 14, 2012 8:59
  • Iran-oil-sanctions

    Iran issues new oil blockade warning

    Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said on Saturday, as tensions simmer over Tehran's nuclear programme.

    July 14, 2012 8:51
 
  • US indictment

    U.S. indicts Iranian, Chinese for nuclear export plot

    Suspects sought 'everything you need' for centrifuges; Iranian suspect arrested in May in the Philippines; Hong Kong, China seen as conduits to evade Iran sanctions; No evidence Chinese government was aware of transactions

    July 14, 2012 8:48
 
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