Middle-east Arab News Opinion | Asharq Al-awsat

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The Gulf Cooperation Council’s (GCC) Assistant Secretary General Abdullah bin Juma al-Shibli, United Arab Emirates’ Oil Minister Suhail Mohamed Al Mazrouei, Qatar’s Minister of Energy and Industry Mohammed Saleh al-Sada, Saudi Oil Minister Ali al-Naimi, Bahrain’s Minister of Finance Sheikh Ahmed Bin Mohammed al-Khalifa, Kuwait’s Minister of Finance Mustafa al-Shamali and Oman’s Oil Minister Mohamed bin Hamad Al Rumhi pose for a group photo during a meeting of Gulf Arab oil ministers in Riyadh September 24, 2013. (REUTERS/Faisal Al Nasser)

Sustainable Growth or More of the Same?

by Kristian Coates Ulrichsen | Nov 21, 2013 | Majalla Blogs

In recent weeks, a series of unusually blunt statements from senior officials in Oman and Kuwait has drawn attention to the need for urgent and systemic economic reform in Gulf Cooperation Council (GCC) states. The significance of their interventions is that they have...

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Omani Oil Minister Mohamed bin Hamad Al Rumhi (far right) poses for a group photo with colleagues at a meeting of Gulf Arab oil ministers in Riyadh September 24, 2013

Oman oil minister slams Gulf culture of energy subsidies

by Asharq Al-Awsat | Nov 10, 2013 | Business

Aby Dhabi, Reuters—Subsidized petrol and electricity programs are causing a huge waste of energy across the Gulf and threatening economies, Oman’s oil and gas minister said on Sunday, in a rare official warning over surging demand in the region. Energy prices...

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A non-associated gas processing facility. (Photograph: Saudi Aramco)

Saudi Aramco announces shale gas investment

by Alex Edwards | Oct 22, 2013 | Business

Dammam, Asharq Al-Awsat—Saudi Aramco Oil Company announced that it will intensify efforts to invest in exploration for conventional and unconventional oil and gas. The announcement came in statement made by Aramco president and chief executive officer, Khalid...

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In this December 13, 2009 file photo, Iraqi laborers work at the Rumaila oil refinery, near the city of Basra. (AP Photo/Nabil Al-Jurani)

Iraq says China seeking 70 percent more crude in 2014

by Asharq Al-Awsat | Oct 16, 2013 | Business

Daegu, Reuters—Iraq said China is seeking to increase purchases of its crude by more than two-thirds next year, stepping up the rivalry between Baghdad and top exporter Saudi Arabia for a bigger slice of the growing Asian market. Rapid increases in Iraq’s oil...

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File photo—An oil pump operates in the desert oil fields of Sakhir, Bahrain, at sunset on October 29, 2012. (AP Photo/Hasan Jamali)

Saudi Aramco to expand Shaybah, Khurais oil output in 2016-17

by Asharq Al-Awsat | Oct 13, 2013 | Business

Daegu, Reuters—The world’s largest oil exporter, Saudi Aramco, will increase light sour crude output from two fields—Shaybah and Khurais—by 550,000 barrels per day (bpd) in 2016-2017, to rebalance its crude quality and extend the lifespan of mature fields. The...