Emirates National Oil Company (Enoc) is pushing ahead with its aggressive expansion plans in the UAE and Saudi Arabia, despite a seven per cent increase in fuel prices since deregulation occurred in 2015.
Austrian energy company OMV has taken around 700 non-essential staff and contractors out of projects in southern Tunisia after protesters demanding jobs threatened to disrupt operations
Spending cuts are shrinking a $98billion budget deficit.
The expanded 2017 Tawke programme includes eight new production wells.
Iraq will sell 12 million barrels of oil to Egypt.
Qatar National Bank planned to apply for an investment banking licence in Saudi Arabia.
The warning was made in a joint statement by the six GCC members.
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March
A percentage of these vehicles will form part of the Anjad patrol and they will be equipped with hi-tech equipment
The complex, which is the largest such complex in the world will have 26 manufacturing plants that will produce a range of petrochemical products.