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.
Middle East Mining News
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.
Maps shape our understanding of the world – and in an increasingly interconnected and global economy, this geographic knowledge is more important than ever.
The estimated value of the bars is of $1.4 million
In the wake of announced production cutbacks by Kazakhstan's state-owned uranium mining powerhouse, Kazatomprom, the beleaguered uranium market has seen an upswing.
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran
Over the last 15 years, America has been turning away from traditional oil suppliers in the Middle East to more trusted sources, closer to home.
Risk, from a mathematical perspective, is the probability of an event multiplied by its potential impact.
While there are billions of reasons to cut output, and every major producing country is reeling from the loss of revenues, some are weathering the current bust better than others, but the devil is in the details, and the details contain tons of variables.
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries.
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 million barrels per day (b/d) in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a just-released Platts survey of OPEC and oil industry officials and analysts.
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil.
Consolidation is coming to the oil and gas industry, says Brandon Dobell of William Blair & Co.
Persian treasury at Persepolis held 7.2M lbs of gold.
Talks about current events that could spark a commodities rally.
Host of competing factors trap precious metal.
Emerging markets may give support going forward.
Mideast violence, Fed rate stance, India duty also concerns.
The Middle East has dominated the world of oil for half a century and as the list below shows, it remains king.
The figure represents almost 40% of the world's physical gold trade last year.