Oil & Energy

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The gas projects will be used as feedstock for the petrochemicals industry
May 22, 2012 - 16:11 GMT
Iraq plans to build on its nascent gas sector to power a new petrochemicals industry, looking to foreign firms to invest $35-50 billion from 2017-2023.

May 24, 2012

Dow Chemical Company
09:20 GMT
(press release)

Dow Oil & Gas announced the launch of the NEPTUNE Advanced Subsea Flow Assurance Insulation System experienced in Africa.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
06:12 GMT

Freshplus, continues the advancement of its position among other competing names with the opening of the sixth branch bearing the trademark at Dubai Media City.

May 23, 2012

During the training
10:23 GMT
(press release)

Emirates Gas, a wholly-owned subsidiary of ENOC, recently conducted an LPG Safety & Awareness training programme at the National Institute for Vocational Education.

The price of 98-octane graded fuel now stands at LL36,000 while the price of 95-octane graded fuel is LL35,300
09:07 GMT

The price of 20 liters of gasoline declined by LL1,000 and that of diesel by LL 500 from last week's price.

May 22, 2012

Bahrain is focusing on upgrading the energy sector, diversify revenues and promote the Kingdom's status as a major investment destination.
12:49 GMT

Bahrain is currently under expansion of the refining and petrochemical industry by conducting more excavation and exploration operations.

During the visit
07:54 GMT

A delegation from Abu Dhabi National Energy Company has made a formal visit to Turkey to discuss ways of developing the relationship between Abu Dhabi and Turkey and to identify investment opportunities in Turkey’s energy sector.

Mr. Ahmad Ayyash, general manager Fasttrack
06:10 GMT

Fasttrack service center for the repair and maintenance of vehicles, which belongs to Emirates General Petroleum Corporation has started providing the service of vehicles' glass repair and replacement.

May 21, 2012

RAK Petroleum
13:18 GMT

RAK Petroleum Public Company announced net profits of AED 81.3 million for the quarter ended 31 March 2012, continuing the Company’s profitability into the fourth consecutive year.

ENOC’s AutoPro
11:28 GMT
(press release)

AutoPro, ENOC’s professional vehicle care and services unit, is showcasing its spectrum of service offerings at the tenth Automechanika Middle East.

RAK Petroleum
06:10 GMT

RAK Petroleum Public Company Limited, the energy investment company, announced that it reached common ground with representatives of a Norwegian group known as the ”DNO Initiative”.

May 20, 2012

Oil has plunged 12 percent this month to about $92.50 after Iran and the six world powers resumed talks in Istanbul last month
13:22 GMT

Oil prices might go as high as $160 per barrel if the European Union goes ahead with a July 1 embargo.

During the event
07:36 GMT
(press release)

Masdar has won the coveted award for ‘Best Contribution to the Reputation of Procurement Profession’ at the CIPS MENA Supply Management Awards 2012.

EMGAS Training Programmes at Al Manzil Hotel
06:29 GMT
(press release)

Emirates Gas, has unveiled a series of dedicated training programmes for various stakeholders in line with its corporate social responsibility.

Landmark Group
05:48 GMT
(press release)

Bunkering is a major industry in the Red Sea and Gulf region, as international freight passes through the global shipping artery of the Suez Canal.

May 16, 2012

GECF comprises 11 of the world's leading natural gas producers - Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela
13:31 GMT

The UAE has won cabinet approval to join the Gas Exporting Countries Forum (GECF), an intergovernmental organization of the world's leading gas exporters.

Fuel oil and diesel in Lebanon declined by LL400, becoming LL28,000 and LL28,1000, respectively
10:45 GMT

The price of gasoline dropped sharply by LL1,100 Wednesday, marking the biggest weekly decline this year, according to the Energy and Water Ministry.

Dow Chemical Company
09:35 GMT
(press release)

Dow Heat Transfer Fluids, a global business unit of The Dow Chemical Company, is seeking to target the growing market for solar power in the Middle East.

During the event
08:36 GMT
(press release)

Emirates National Oil Company (ENOC) recently hosted its first Business Ethics Recognition Ceremony.

Acting General Manager and senior officials during the visit
07:22 GMT

His Excellence Adel Khalifa AL Shaer, the Acting General Manager at Emarat, accompanied by senior officials at the Corporation, paid a field visit to Emoil Petroleum Storage, and Emdad Aviation Fuel Storage.

May 15, 2012

Saudi Arabia’s assets soared by around $106 billion from $445 billion to nearly $551 billion in the same period
13:34 GMT

A surge in oil prices and massive production boosted the net foreign assets of Gulf hydrocarbon producers by a whopping $456 billion in 2011.

The funds would be used to boost capacity to at least 80,000 megawatts by 2020 from an installed capacity of 50,000 megawatts
12:25 GMT

KSA has revised up its estimates for the amount it will invest in power projects over the next decade to more than SR400 billion.

Kuwait Energy
11:38 GMT
(press release)

Kuwait Energy today announced its financial and operational results for the year 2011 during its annual meeting of shareholders.

The new IMF report comes, as the value of crude on world markets remains at the historically high level of 110 dollars a barrel
11:38 GMT

A report by the International Monetary Fund (IMF) has warned that oil prices could double over the next decade with sweeping implications for the global economy.

Omanoil Aviation
11:14 GMT
(press release)

Oman Oil Marketing Company has signed an Aviation Fuel Agreement with Etihad Airways to become the carrier’s sole provider in the Sultanate which flies to 84 destinations across the globe.

May 14, 2012

Emirates Nuclear Energy Corporation
10:08 GMT
(press release)

Emirates Nuclear Energy Corporation announced the opening of the 2012 intake for the UAE Nuclear Energy Scholarship Program.

Group photo after the signing ceremony
08:13 GMT
(press release)

EQUATE Petrochemical Company and Schmidt + Clemens Group announced signing a strategic cooperation agreement relevant to enhance and optimize production performance of ethylene crackers.

May 10, 2012

During the honoring ceremony
06:58 GMT

Emarat praised the corporation’s employees at various stations in Dubai and the Northern Emirates, for their honesty and civilized behavior and dedication to their assigned duties.

May 9, 2012

Brent North Sea crude for June slid $1.18 to $111.98 a barrel in London afternoon trading, and a day after hitting a three-month low point of $111.25
13:03 GMT

Oil prices fell yesterday on fresh worries about the Eurozone debt crisis.

The 98-octane graded fuel now costs LL38,100 and the 95-octane graded fuel is now sold at LL37,400
11:01 GMT

The price of gasoline continued falling Wednesday with the sharpest decline this year, LL1,000, while the prices of diesel and fuel oil declined by LL200 each.

May 8, 2012

Oman Oil and Rekaaz
10:34 GMT
(press release)

Oman Oil Marketing Company hosted prominent Islamic speaker, Sheikh Suleiman Abdulaziz Al Jubailan, as part of its collaboration with Rekaaz to campaign against peer pressure.