This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

Iran gas platform out of service after catching fire

  • Gas leaking from the platform caught fire after a lightning strike
  • The platform is now 'not operational' and repairs were underway

A platform in Iran’s largest natural gas field is out of service following a pipeline leak in Gulf waters, the Pars Oil and Gas Company reported on Saturday, January 1.

Gas leaking to the surface some 15 kilometers (9 miles) away from the platform had caught fire after a lightning strike, but the blaze was extinguished, it said.

“The gas transmission pipeline of platform 16 of South Pars gas field started leaking on the seabed on Friday,” said a company statement published by Shana news agency, which is affiliated with Iran’s oil ministry.

“The location of the leak was found, all the outlets of the platform were closed, and the leak was completely contained.”

The platform was now “not operational”, the statement said, adding that repairs were underway.

It will take some time to get the seafloor pipeline fixed, the production manager at South Pars, Alireza Ebadi, told state TV.

Iran’s South Pars field, part of the world’s largest natural gas condensate field, is shared with Qatar, where it is known as the North Dome field. There are 24 platforms on the Iranian side.

Iran has the world’s second-largest proven natural gas reserves after Russia.