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Author: Steven Sahiounie
Iraq, one of the world’s biggest oil producers, aims to boost its crude reserves to more than 160 billion barrels, Oil Minister Hayan Abdel Ghani said on Saturday. The minister’s comment came during the launch of new licensing rounds for 29 oil and gas fields. According to the World Bank, Iraq has 145 billion barrels of proven oil reserves amounting to 96 years’ worth of production at the current rate. These are among the largest crude reserves in the world. “The ministry has put forward 29 promising projects today,” Abdel Ghani said during the opening of the new bidding process…
The Iraqi oil ministry said on Sunday it signed a Heads of Agreement (HOA) with an Iraqi-Chinese joint venture to develop an oil field in the Basra province with a capacity of 200,000 barrels per day.
Saudi Arabia’s General Authority of Civil Aviation (GACA) is set to unveil its General Aviation Roadmap during the upcoming Future Aviation Forum 2024 in an effort to bolster the Kingdom’s position in the aviation sector, Saudi Press Agency (SPA) reported on Sunday.
Dubai’s Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row.
Legendary football icon Cristiano Ronaldo has signed a partnership with human performance company WHOOP to be the brand’s official global ambassador and an investor in the company.
The health ministry in Gaza said Monday that the besieged Palestinian territory’s health system is “hours away” from collapse, after fighting has blocked fuel shipments through key crossings.
Turkish President Recep Tayyip Erdogan said on Monday that more than 1,000 members of the militant Palestinian group Hamas were being treated in hospitals across Turkey, reiterating his stance that Hamas was a “resistance movement.”
Israeli forces pushed deep into the ruins of Gaza’s northern edge on Monday to recapture an area where they claimed to have dismantled Hamas months ago, while in the south tanks and troops pushed across a highway into Rafah.
The US does not believe what is happening in Gaza is a genocide, National Security Advisor Jake Sullivan said on Monday. “We believe Israel can and must do more to ensure the protection and wellbeing of innocent civilians. We do not believe what is happening in Gaza is a genocide,” Sullivan said. Speaking to reporters, Sullivan said the US wanted to see Hamas defeated, but warned that Palestinian civilians caught in the middle were “in hell.” He also reiterated the Biden administration’s repeated opposition to a major Israeli military operation in Rafah. Sullivan added that the US was concerned about an Israeli…
The US has ramped up fertilizer imports from Russia over the past year despite being at the forefront of the Western sanctions war against Moscow, RIA Novosti analysis of official data showed on Monday.
