GCC
Middle East tour on Rubio's agenda
U.S. Secretary of State Marco Rubio is planning a trip to the Middle East next week and is expected to visit Kuwait, the UAE and Bahrain, Axios reported on Friday, citing two sources.
Dragon Oil signs MoU with Turkmenistan Oil to expand investments
1 min Mena Today
Dragon Oil Company, wholly owned by the Government of Dubai, signed a Memorandum of Understanding (MoU) with Turkmenbet Company (Turkmenistan Oil).
Gurbanguly Berdimuhamedow, Chairman of the People's Council of Turkmenistan and Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil © WAM
Dragon Oil Company, wholly owned by the Government of Dubai, signed a Memorandum of Understanding (MoU) with Turkmenbet Company (Turkmenistan Oil).
The agreement included expanding Dragon Oil Company’s investments in the promising Turkmen oil and gas sector, which includes three new oil fields within Block 19.
Dragon Oil has been engaged in oil and gas cooperation with Turkmenistan on the basis of a production sharing agreement since 2000. Its primary focus is on the extraction of hydrocarbon resources in the Caspian Sea, in the Chilikin Contractual Area.
Related
Lebanon
Lebanon ceasefire takes effect
Israel and Hezbollah agreed to a ceasefire in Lebanon on Friday after an escalation in fighting there jeopardised the chances of an interim agreement on ending the war in Iran turning into a lasting Middle East peace deal.
Iran
Only Trump trusts Tehran
The ink on the US-Iran memorandum of understanding was barely dry before Tehran's chief negotiator was already drawing lines in the sand.
Subscribe to our newsletter
