Oil & Energy
July 23, 2014
Leading energy investment company, RAK Petroleum Public Company, posted $15.81 million net profit since December 2013, marking a fifth year of increased gains.
Oman Oil Marketing Company (omanoil) welcomed colleagues and their families to its annual Iftar to share the spirit and many blessings of the Holy Month of Ramadan.
July 20, 2014
Sabic, which is 70 per cent state-owned, attributed the rise in profits to higher production and sales volumes as well as higher prices for products.
July 17, 2014
EQUATE Petrochemical Company, Kuwait’s first private sector petrochemical company, has hosted Ramadan iftar meals in partnership with Zakat House.
July 16, 2014
Emirates National Oil Company (ENOC) has underlined its credentials in its world-class brand identity, values and proven success in customer engagement by winning the Superbrand laurel for the ninth consecutive year.
Emirates General Petroleum Corporation “Emarat” announced several charity initiatives during the Holy month of Ramadan in participation in Zayed Humanitarian Work Day
July 15, 2014
Bakeria stores owned by Emirates General Petroleum Corporation “Emarat” in Dubai, have started offering unique Iftar means during the Holy month of Ramadan, for very reasonable prices.
July 13, 2014
A new IMF paper shows how subsidy reform has recently gained momentum in the Middle East and North Africa and outlines the elements of successful subsidy reform.
Emirates National Oil Company (ENOC) today pledged AED 3 million towards the UAE Water Aid initiative (UAE Suqia), launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum.
Finance and Economic Affairs Minister Ali Tayyebnia says Iran will no longer promote an oil-based economy even if the economic sanctions which have been imposed against the country are totally lifted.
An oil ministry spokesman in Baghdad described the takeover as dangerous and irresponsible and called for the Kurdish forces to withdraw immediately.
Dues owed to foreign oil companies reached a total of $6.3bn this July, compared to $6bn at the end of April.
July 10, 2014
Brent crude oil traded at a one-month low below $109 a barrel on Wednesday after a Libyan oilfield restarted and supply worries faded
July 9, 2014
In line with the company’s social responsibility programmes, Oman Oil Company (OOC) announced hosting a book sharing campaign for its employees and the public at its headquarters in Muscat.
July 8, 2014
Emirates Gas LLC (EMGAS), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), has launched its ‘Safe Cylinder, Safe Family’ campaign along with ENOC and Emirates Petroleum Products Company.