Oil & Energy
May 26, 2014
The country is currently exporting about 1.2 million barrels per day and has projected 1.5 million barrels of daily sales in the national budget for the year.
May 25, 2014
Iraqi engineers began repairs Saturday to a northern oil pipeline that has been disabled for months by militant attacks, costing the country millions of dollars in lost revenues, officials said.
Sovereign wealth funds in China and Qatar signaled their increased commitment to Russia, boosting Moscow’s hopes of strengthening ties with Asia and the Middle East as relations with the West deteriorate.
Saudi Energy 2014 is set to surpass the success of the 2013 edition that gathered 7,564 visitors.
May 22, 2014
ENOC Lubricants Marketing, the lubricants business division of ENOC Marketing, has joined hands with their partners in Uganda, City Lubes, to host its 6th Business Meet in Uganda, Africa.
The plant, he said, will have a capacity of 300-400 metric tonnes per year and can be expanded to 1,500 metric tonnes per year at a later stage.
Average of 663 cubic metres of water allocated per person; amount expected to drop below 582 cubic metres by 2025
May 21, 2014
Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping to increase its sovereign wealth fund to over $500 billion
The new simulators are among the world’s most advanced nuclear training devices and the first of their kind in the Middle East.
May 20, 2014
Emirates National Oil Company (ENOC), which was recently awarded the CSR Label Award by Dubai Chamber of Commerce for its Corporate Social Responsibility initiatives.
May 19, 2014
A couple of Swedish and Russian companies have voiced readiness to cooperate with Iran in oil exploration projects in the Caspian Sea.
Subsidies for petroleum products have been sapping Egypt’s economy and should be addressed as soon as possible,
May 18, 2014
UK-based oil and gas services group Petrofac, which slashed its 2014 profit forecast by 11 percent this month, said on Friday it was awarded a contract worth $970 million in Algeria.
Inspiring young people to explore their full potential through outdoor adventure, Oman Oil Company (OOC) is supporting the 2014 Outward Bound Oman Challenge ‘Tahaddi Oman’ for the second consecutive year.
May 16, 2014
"If these reports are correct, then dire consequences will be inevitable," the Iraqi oil official said. "This is a seriously dangerous development. ...and now if this is proved true then they are going too far."