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GAZA CITY/LONDON/NEW YORK: Palestinians on Saturday marked the anniversary of the Nakba, the “catastrophe” when more than 700,000 were driven from their homes to establish the state of Israel in 1948. Israel observed the day by killing two women and eight children from one family in an airstrike on a refugee camp. Three heavy missiles also destroyed the 12-story Al-Jala’a
Iran to Award $1.8 Billion Gas Field Contract to Local Company
May 16 2021, 9:04 PM
May 16 2021, 8:49 PM
May 16 2021, 9:04 PM
(Bloomberg)
(Bloomberg)
Iranâs Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies.
Petropars will produce 28 million cubic meters of gas a day from the offshore deposit within five years, according to the agreement, the Iranian oil ministryâs official Shana news service reported, with the contract to be signed on Monday. Farzad-B is estimated to hold reserves of around 500 billion cubic meters.
(Bloomberg) Iran is preparing to ramp up global oil sales as talks to lift sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual.
State-controlled National Iranian Oil Co.
Local, regional and international travel and tourism professionals will converge on the Dubai World Trade Centre today for the opening of the Arabian Travel Market 2021 (ATM), the first major in-person international travel event since the outbreak of the pandemic.
One of the highlights of the first day will be the “Tourism for a Brighter Future” opening session taking place at 12 p.m. Moderated by Becky Anderson, managing editor, CNN Abu Dhabi, speakers include Helal Saeed Al-Marri, director general, Dubai Department of Tourism and Commerce Marketing (DTCM); Dr. Taleb Rifai, chairman of ITIC and former secretary-general, United Nations World Tourism Organization; Scott Livermore, chief economist of Oxford Economics Middle East, Dubai; and Thoyyib Mohamed, managing director, Maldives Tourism Board.