Yousef Saba

By Yousef Saba DUBAI, Dec 31 - The United Arab Emirates has pursued an assertive foreign policy and carved its own sphere of influence across the Middle East and Africa, a strategy in the spotlight after a rare military escalation with Saudi Arabia in Yem... See more

DUBAI: Abu Dhabi National Oil Company has secured $11 billion in structured financing to monetise ​future gas production from its Hail and Ghasha development, the state company said on Thursday, after Russia's Lukoil exited ⁠the project. The deal, signed ... See more

The head of Libya's National Oil Corporation said on Wednesday that around 40 companies had shown interest in participating in the North African country's current round of bidding for oil exploration rights. Libya is offering 22 areas for oil exploration ... See more

ADNOC Drilling said on Wednesday it would buy an 80% stake in regional drilling and oilfield services provider MB Petroleum Services for an enterprise value of $204 million (749 million dirhams), marking a further expansion in the Gulf. The deal is ADNOC ... See more

Libya is considering raising its oil output to 1.6 million barrels per day next year, and 1.8 million bpd in 2027, the country's oil minister, Khalifa Abdulsadek, said on Tuesday. "We have a mission to increase oil output to 2 million bpd in the next 5 ye... See more