Iraq’s federal government and the Kurdistan Region of Iraq have reached a tentative agreement to resolve disputes over payments to foreign companies that have affected crude oil exports from the autonomous region

With a nuclear cooperation and technology transfer deal signed recently between the two countries, Japan has told the UAE that it would like to renew its oil and gas concession beyond the current 2018 expiry date

Egypt has announced a new licensing policy for its future onshore and offshore oil and gas exploration contracts signed with foreign companies

Libya will soon start dispatching oil to Egypt on soft credit terms as Cairo is currently struggling to pay for oil imports

Horizon Terminals Limited (HTL), a subsidiary of Emirates National Oil Company (ENOC), announced that its new oil terminal in Jebel Ali, with a storage capacity of over 141,000 cubic metres, is likely to be completed by the end of 2013