"The law allows 100 percent ownership...and you can apply for exploration or mining licenses."
Middle East Mining News
The Saudis have the two key ingredients to continue pumping oil till kingdom come—huge reserves and low production costs.
CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.
The Hassan Rouhani government is kickstarting a program for the revitalization, activation, and development of the country’s artisanal mines.
A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.
To avoid the resource curse Afghanistan needs to stop illegal mining.
The comments come a day before U.S. sanctions on Iran’s energy and shipping are due to snap back.
The link’s capacity increased to 1 million barrels a day from 900,000.
Another executive pulls out of conference due to widespread concern about the fate of journalist Jamal Khashoggi.
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).
The country’s crude exports reached a record of 3.59 million barrels a day.
Could OPEC be on the way out? Maybe.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.
The Dead Sea is seen as offering "unlimited supply" of minerals.
Two new studies reveal where ancient Egyptians got the red metal from.
A gold earring believed to date back more than 2000 years has been unearthed near the site of the ancient Jewish temples in Jerusalem, in what Israeli archaeologists called rare evidence of Hellenistic influence.
Dawadmi is presumed to have been a hub from where mining products were exported 1,200 years ago.
Higher production doesn't necessarily mean higher oil prices are entirely out of the question.
The group is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic of Congo.
The Qatar Investment Authority (QIA) is taking a stake in Rosneft of nearly 19 percent, after a deal with China's CEFC fell through.
Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.
The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.
In 2017, the kingdom created DANAT, the Bahrain Institute for Pearls & Gemstones.
Saudi Arabia wants to pour $200 billion into solar to build the world's largest solar project.
January profits for the Sukari gold mine are making headlines in the country.