Zambia considers rebasing economy size in 2019

Zambia on Sunday said it would set aside funds targeted at rebasing the size of its…

UAE inks gas production sharing deal with Zanzibar

The United Arab Emirates’ RAK Gas, has signed an oil and gas production sharing agreement with…

Equinor discovers more crude in Arctic region

Equinor has found more crude oil near its Johan Castberg field in the Arctic Barents Sea,…

Hyundai E&C axes $521m Iranian petrochemicals deal

Hyundai Engineering & Construction on Monday said that it cancelled a ₩595 billion ($521 million) deal…

Plane carrying 188 people plunges into Java Sea

An Indonesian Lion Air plane carrying 188 passengers and crew crashed into the Java Sea on…

IMO bans carriage of non-compliant high sulphur fuel from 2020

The International Maritime Organisation (IMO) has moved to prohibit ships from using fuels with sulphur content…

WTO needs reform, say trade chiefs 

A group of trade ministers from around the world voiced their support for strengthening the World…

Brussels Airport cancels flights over baggage handlers strike

Brussels Airport on Friday cancelled 150 flights due to a strike of baggage handlers protesting working…

China made no request for Gwadar deepsea port- Pakistan

China has not asked for military access to Pakistan’s Chinese-funded, deepwater port of Gwadar, Navy Secretary…

Iraq to continue with planned oil, gas capacity boost

Iraq will proceed with plans to increase oil and gas production capacity, Oil Minister, Thamer Ghadhban…

China’s 2018 transport infrastructure investment hits $328bn

China’s total fixed asset investment in transport infrastructure, hit ¥2.28 trillion ($327.77 billion) from January to…

Eni slashes 2018 production outlook

Oil major, Eni, has lowered its output target for the year due to lower gas production…