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Business, Geostrategy

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Rockets hit Emirati-owned gas complex in north Iraq

The sun sets as flare stacks burn off excess gas at the Mushrif site inside the Zubair oil and gas field, north of the southern Iraqi province of Basra. AFP
By TRENDS Desk AFP
July 26, 2022 8:50 am
  • In June, the site owned by UAE energy company Dana Gas was targeted three separate times by rockets that did not cause casualties or damage
  • The gas field lies between the cities of Kirkuk and Sulaimaniyah, in a region administered by Kurdish authorities

Three Katyusha rockets hit a gas complex in Iraq’s autonomous Kurdistan region on Saturday, a local official said, in the latest attack to target the Emirati-owned facility.

“It is still not yet clear if there was any damage” in the attack on the Khor Mor complex, said Ramak Ramadan, district chief of Chamchamal where the facility is located.

In June, the site owned by UAE energy company Dana Gas was targeted three separate times by rockets that did not cause casualties or damage.

No none has claimed responsibility for the attacks.

The gas field lies between the cities of Kirkuk and Sulaimaniyah, in a region administered by Kurdish authorities.

Rockets also struck the Kawergost refinery in Kurdistan in April and May.

The assaults have come amid a simmering oil dispute between Kurdistan and the federal government in Baghdad.

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