Reuters Iran’s total crude oil and condensate sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak in shipments before sanctions were imposed on the OPEC producer. The run-up from shipments of around 2.5 million bpd in August comes mainly from condensate, a light oil …

  Reuters Egyptian billionaire Naguib Sawiris’ OTMT said on Monday failure to resolve a dispute with the financial regulator had hit business and stymied growth, and the holding company would call a board meeting to discuss how to proceed. The dispute emerged six months ago and centres on breaches the Egyptian Financial Supervisory Authority (EFSA) says were involved in the …

  Reuters State-controlled utility Saudi Electricity Co said on Monday that its executive committee had agreed to invite private investors to participate in creating an additional 5,400 megawatts of generating capacity. The projects may be executed in phases, Saudi Electricity said without giving details. Saudi Arabia’s economic reform plans, announced this year, focus on saving the government money by introducing …