Middle East

Rolls-Royce to pay up

UK-based Rolls-Royce will pay £671 million ($825 million) to settle corruption cases, some involving oil and gas projects in Nigeria, Angola, Brazil, Thailand, Iraq, Kazakhstan, Azerbaijan and Russia.

Warning for Trump over Iran

Iran and the European Union have warned the US President-elect Donald Trump administration that it cannot disown the 2015 nuclear deal between Tehran and the major powers and resume the tough energy sanctions regime imposed against Tehran until last year, writes Vahe Petrossian.

Inpex in UAE stake drive

Japan’s Inpex is looking to boost its interest in a pair of producing oilfields off the United Arab Emirates as it seeks a significant extension of the current development contract.