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Middle East

Middle East oil industry key for global growth, expert says

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Part of the Western world is underestimating the importance of the Middle East as a result of the shale revolution in the United States but this may be too hasty a reaction.
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Israel's Teva to buy NuPathe for $144 million

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Pennsylvania-based NuPathe specializes in therapeutics for diseases of the central nervous system (CNS), including neurological and psychiatric disorders.
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Iranian petrochemical industry faces challenges amid overcapacity, international sanctions

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As international sanctions remain, Iranian petrochemical companies are facing contraction.
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Middle East to dominate new natural gas-processing capacity through 2017

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The Middle East is set to outpace Europe and Africa in adding new capacity provided that Iran's industry is not stifled by international sanctions.
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Sabic plans US petrochemical investment

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Saudi petrochemical giant Saudi Basic Industries Corp. recently announced plans to invest in a petrochemical project in the United States next year and tap into the U.S. shale energy abundance.
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Iran plans to boost petrochemical production

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Iran should stop exporting large amounts of raw petrochemicals and look for ways to make more profit by selling added-value products, according to the leader of the parliamentary Petrochemical Committee.
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Mideast refineries shift focus in production

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Refineries in the Middle East are facing serious challenges to remain competitive, struggling to reduce operating costs and to maximize production among other problems.
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Desalinated water accounts for 98.8% of Dubai's water supply

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Dubai is one of the pioneers in desalination technology and communities from water-deprived areas have been turning to the city for advice and good practices.
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OPEC prepares for falling oil market share in 2014

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The global oil market is "well-supplied," despite predictions that the market share of the Organization of Petroleum Exporting Countries (OPEC) is likely to slip in 2014, due to increased production from non-OPEC countries.
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Middle East to remain top oil supplier over next five years

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Despite the rapid growth in U.S. oil and gas production, the Middle East will remain global leader in energy supply.
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