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Korean Shares Surge Over 8%

Seoul: South Korean stocks rose by more than 8 percent on Tuesday, strongly recovering from the sharp decline in the previous session, thereby regaining the 8,000-point level. The benchmark KOSPI index added 612.52 points, rising 8.18 percent, to clos…

QatarEnergy Announces New Oil Discovery Offshore Namibia

Doha: QatarEnergy announced an oil discovery with encouraging results from the Merlin-1X exploration well in the Petroleum Exploration License 39 (PEL 0039), offshore Namibia.

According to Qatar News Agency, Merlin-1X is the tenth well drilled under…