- Iraq’s Basra Oil Co will cut crude oil output at the Nahr Bin Omar field to a minimum because of pollution and gas emissions, state news agency reported on Sunday. The company’s Director General Ihsan Abduljabbar said: “Nahr Bin Omar oilfield is considered one of the most...

  (EQTSAD)- A 65-million-euro contract with the Iranian ArdMachine company to construct five wheat flour mills in Syria, come to surface over low quality standards as first mill got out of service.  The first mill in Umm al-Zaytun town in southern Sweida province was launched...

South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters. Local defence firms have lobbied the government for months to...

Russia on Thursday rejected proposals to slash crude output at an OPEC+ meeting, media reported, and asked for more time to assess the impact of a new coronavirus on crude prices. Delegates of the Organization of the Petroleum Exporting Countries and non-member Russia -- together known as...