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Nokia charging back with full force
Saudi government websites targeted
Asian imports of Iran oil may edge up, but will level by year-end; Japan, China, India and South Korea buy most of Iran's oil exports; Iran exports at risk due to possible fresh sanctions
August 13, 2012 10:18
South Korea's Daelim Industrial, France's Technip and Spain's Tecnicas Reunidas won deals to build a major synthetic rubber project in Saudi Arabia for a joint venture between Saudi Basic Industries Corp and U.S. Exxon Mobil Chemical.
June 26, 2012 11:19
South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.
June 26, 2012 11:00
Imports over 250,000 bpd Iran crude in April vs. term 200,000 bpd; Jan-April Iran crude imports at 208,700 bpd, down 10 pct yr/yr; Saudi, Kuwait, UAE, Qatar plug the gap with higher supplies; South Korea's total crude imports down 3.7 pct in April y/y
May 29, 2012 12:15
The United Arab Emirates and Saudi Arabia have promised to fill any gap in South Korea's oil imports if supplies from Iran are disrupted, South Korean Minister of Strategy and Finance Bahk Jae-wan said on Monday.
May 7, 2012 3:34
APAN Insurers to cut cargo insurance coverage by over 50 pct-Nikkei; Reflects European firms' move to halt reinsurance on Iran oil
April 4, 2012 3:19
A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said on Monday.
March 5, 2012 1:21
South Korean President Lee Myung-bak will hold meetings with major crude suppliers Saudi Arabia, Qatar and the United Arab Emirates from Tuesday through Friday, as the country looks for alternatives to Iranian oil.
February 6, 2012 2:55
South Korea and Japan will soon meet US officials in Washington to ask how much oil they can import from Iran under new sanctions that leave the Asian nations with few alternative sources for energy, government officials said on Wednesday.
February 1, 2012 1:22
Kuwait Oil Tanker Co (KOTC) has signed a $556 million contract with South Korea's Daewoo Shipbuilding & Marine Engineering to build five new tankers, the state news agency KUNA reported on Monday.
January 31, 2012 2:59
Imports from Iran at 238,860 bpd in 2011, up 20 pct yr/yr; Total crude imports up 6.2 pct y/y in 2011-KNOC; Middle East supplies 87 pct of S.Korea's 2011 crude
January 25, 2012 2:18
Winning company to build crude facilities in W.Qurna 2; Duration of $998 mln contract is 31 months; Production expected to reach 150,000 bpd by Jan 2013
January 25, 2012 2:08
South Korea and Oman have agreed to cooperate to ensure stable oil and gas supply to Seoul while the country seeks a waiver of toughened US sanctions on Iran and weighs up options, including reducing crude imports from Tehran.
January 16, 2012 12:28State-controlled Saudi Electricity said on Saturday it signed a deal to build a new 4.6 billion Saudi-riyal ($1.23 billion) power plant in Shoaiba, some 120 km (75 miles) south of the Red Sea city of Jeddah.
October 30, 2011 3:07Iraq's cabinet on Tuesday approved projects to build two power stations in southern Iraq with investments of more than $656 million, an Iraqi government spokesman said.
September 28, 2011 2:19
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
