Oil & Energy

Featured Story:

Libya plans to limit the costly subsidies its citizens enjoy when buying fuel – much of which is smuggled into Tunisia for resale at higher prices – by introducing a “smart card” system like one newly implemented in neighboring Egypt.
Today
Fuel smuggling is common across North Africa and its extent has increased in the chaotic aftermath of the Arab Spring.

April 17, 2014

Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.
22:53 GMT

Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.

Dr. Ibrahim Elfadel, Head of iMicro
09:23 GMT
(press release)

Masdar Institute announced that its Institute Center for Microsystems (iMicro) will be gathering top delegates from the major global semiconductor industry leaders for an Open House in Abu Dhabi.

April 16, 2014

A jury panel was appointed to evaluate the submitted projects on the basis of quality, innovation, need and feasibility, ability to improve organizational performance, reputation and positive image
13:03 GMT
(press release)

ADNOC Distribution today honored the winners of its internal health, safety and environment initiatives for 2013.

his is one of many ‘In-Country Value’ initiatives that omanoil is embarking on to encourage entrepreneurship amongst the youth and support the socio-economic development of the nation
07:47 GMT
(press release)

Oman Oil Marketing Company (omanoil) has created a unique business proposition for local Small and Medium Enterprises (SMEs) to operate its Car Care Centers across the Sultanate.

Renewed exports will restore much-needed revenue stream for Libya's weak central government following the 2011 overthrow of Moamer Kadhafi.
03:04 GMT

Libya prepared to resume oil exports Tuesday following a break of more than eight months, after autonomy-seeking rebels agreed to lift their blockade of ports in the country's east.

April 15, 2014

Dubai Metro users only have to spend AED 15 at the ZOOM convenience stores on the network to get a raffle coupon to win the lucky prize. They will receive two raffle coupons upon spending only AED 20
12:35 GMT
(press release)

Lucky customers of ZOOM convenience stores operated by ENOC Retail on the Dubai Metro network now stand to win a daily prize of free commuting on the world’s largest driverless metro network for a year.

Current desalination techniques are typically very energy intensive: energy consumption can account for up to 70 per cent of the desalination costs
12:26 GMT
(press release)

GE ecomagination and Aramco launched an open global technology challenge to accelerate the development of solutions focused on improving energy efficiency of seawater desalination.

Big move: Oman government and BP in a joint collaboration (FIle/AFP)
11:14 GMT

Oman's government and BP signed a contract to develop the Khazzan gas field of Block 61 and will be completed by 2017.

Oil prices received an additional boost following delays in resuming oil exports from Libya.
03:55 GMT

Crude oil futures rose to the highest level in five weeks on Monday as heightened tensions over unrest in eastern Ukraine fuelled concerns over potential supply disruptions.

April 14, 2014

Kuwait's refining capacity will reach over 1.4 million bpd from the current level of 930,000 bpd, when the projects are completed.
18:45 GMT

The contracts mark the first mega project in the OPEC member's vital oil sector for 25 years.

Iran will build six oil refineries in Indonesia's Benten and West Java regions (File Archive)
11:00 GMT

Iran has agreed with Indonesia's leadership to construct six oil refineries in the Asia Pacific country.

“We will focus on the country’s historic strategy, which is to supply international markets with oil, especially the challenges facing the market as well as the future role of the member states of Opec.”
03:55 GMT

The UAE is set to raise its production capacity to 3.5 million barrels per day aimed at keeping a market balance.

April 13, 2014

Saeed Khoory, CEO of ENOC and Board Member of the Dubai Supreme Council of Energy, said: “WETEX is a flagship event that highlights the thought leadership of Dubai in promoting energy and water use efficiency
15:29 GMT
(press release)

Emirates National Oil Company (ENOC) is putting the spotlight on its sustainable development initiatives and its advanced technology introductions.

Oil is a big contribution to Iraq's economy (File/AFP)
15:00 GMT

Iraq's Ministry of Oil is planning to export 300 oil barrels internationally.

OCTAL PET Complex - Salalah
09:57 GMT
(press release)

OCTAL, one of the world’s largest PET producers and a global leader in the packaging industry, has surpassed the US$ 3 billion dollar mark in sales, a record in the company’s six-year history.