Oil & Energy

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“There is one major resource base in the world which could meet the growth in the global oil demand, which is the Middle East,” he said.
July 27, 2014 - 18:24 GMT
While euphoria over the ongoing shale revolution and the energy independence of the Americas continue, yet, there are people - cautioning and asserting - the phenomenon is short-lived and the world would continue to be dependent on the Middle East.

March 31, 2014

Earth Hour is an annual, global movement that started in 2007 that called on cities and homes to switch off their lights for one hour to limit carbon dioxide (CO2) emissions
09:55 GMT

Despite a busy Saturday night in Dubai, the joint effort of its residents to switch off lights for 60 minutes during Earth Hour resulted in energy savings of 255,000kWh - enough energy to power 16 average homes for one year - which is 22 per cent higher than last year’s savings.

Breaking down the power usage numbers between 2005 and 2012, the consumption of electricity has risen steadily over the seven-year study period
07:55 GMT

The National Center for Statistics and Information (NCSI) has said that electricity consumption in the sultanate has seen a dramatic 149.5 per cent increase.

March 30, 2014

Oil exports are expected to decline as market loosens, bringing the price down this year.
22:03 GMT

NBK estimated the country’s trade balance will shrink further in 2014 but stated that it will still remain substantial

HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and MD & CEO of DEWA
12:34 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) will hold its first Green Week event to raise awareness onthe rational consumption of electricity and water from 14-20 April.

Lukoil is Russia's second largest oil producer (File Archive)
10:00 GMT

Russia's Lukoil has started its commercial production operations near Iraq's Basra this week.

March 24, 2014

The park will rely entirely on solar energy without using the public electricity connection to operate its lights and integrated irrigation network
08:55 GMT

One of the oldest parks in Dubai is undergoing a transformation. Satwa Reservoir Park will become the first solar-powered park in Dubai by the end of this year.

March 23, 2014

Iran’s top oil importers have bought more than 1 million bpd since November
08:55 GMT

Latest data showed that the four top importers of Iran's crude have bought over 1mln bpd of oil from the Middle-Eastern country since November, when Tehran and the world powers struck a deal

March 20, 2014

 
The Iranian-Omani pipeline, transporting almost one billion cubic feet of gas a day, will take 2½ years and to build, Mr. Kameli said.
02:27 GMT

Through its Omani partnership, the Islamic Republic could ship the commodity to lucrative Far Eastern markets.

March 19, 2014

During the event
11:52 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) will mark Earth Hour in Dubai on 29 March 2014, at Bay Avenue Park from 8:30—9:30pm.

During the event
09:14 GMT
(press release)

EQUATE Petrochemical Company sponsored the 3rd Kuwait Conference of Chemistry (KCC 2014) under the patronage of His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

The plant, which will be located in Maan will have a total capacity of 10 megawatts
08:55 GMT

Jordan on Tuesday signed a $24 million agreement with Arabia One for Clean Energy Investments to build a solar-run power generation plant.

Analysts say Iran represents the best route for energy transfer in the region as this route is shorter and less costly than Russia, Turkey and China routes.
03:55 GMT

Iran started its oil swap with the Caspian Sea and Central Asian states in 1997.

March 17, 2014

During the event
10:54 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has honoured 20 distinguished employees in line with its commitment to recognise its workforce for outstanding service and contribution to the organisation.

Dr. Rahma bin Mohamed Al Shamsi with the honorees in the presence of Abdulraoof Abdulaziz and Retail Marketing Executive
06:26 GMT

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emirates General Petroleum Corporation “Emarat”, honored one Supervisor and two employees, who were named “Supervisor and Star of the Year 2013”.

 
Israel routinely closes the crossing to mount the pressure on the besieged Palestinians and their rulers in Gaza.
03:55 GMT

Israel was to allow the resumption of diesel deliveries into Gaza on Sunday, a day after the territory's sole power plant stopped working due to a lack of fuel, officials said.