Oil & Energy

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Fuel prices in Jordan are “expensive” and do not match the average income of the majority of people, Majali said.
October 21, 2014 - 22:47 GMT
The drop in international oil prices is good news for Jordanians, if it is reflected “fairly” on domestic fuel prices.

May 16, 2014

The Iraqi government has repeatedly said oil sales by-passing Baghdad are illegal and has threatened to sue any company involved in the trade
01:36 GMT

"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."

May 15, 2014

On March 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran's oil industry would head forward, with or without sanctions.
16:47 GMT

Iran has tried to bring more foreign companies into its energy sector since securing sanctions relief from a November interim agreement to temporarily curb its nuclear activities.

Locals said large sections of the sea had been covered in an unidentified black substance, initially thought to be an oil spill, last Sunday.
15:23 GMT

Locals interviewed near the power plant Wednesday said they first noticed the pollution Sunday, likening it to oil spills that once frequently plagued the coast in the area.

ENOC expands ZOOM network
11:13 GMT
(press release)

Emirates National Oil Company (ENOC) has expanded its ZOOM convenience store network with the opening of three new outlets across Dubai.

May 14, 2014

Al-Awaji noted that the Kingdom has electric links with the Gulf Cooperation Council countries while Egypt is linked with eight eastern Arab countries
19:09 GMT

" The Kingdom can import electricity from Egypt during the day time and re-export it in the evening," he said.

ENOC hosts 5th ME Bitumen Conference
12:28 GMT
(press release)

The 5th annual Middle East Bitumen Conference, hosted by ENOC Industrial Products Marketing (EIPM), a specialised business division of Emirates National Oil Company.

In its first public announcement on the project, SABIC did not say where the complex would be located, how much it would pay for the oil or if the crude would be subsidised
12:13 GMT

Development of the Saudi petrochemical sector is part of Riyadh's strategy for diversifying the economy away from heavy dependence on crude export revenues.

Iran's crude oil exports have been rising since Tehran reached a breakthrough deal with six world powers over its nuclear energy program last November.
03:55 GMT

Iran has renewed its oil export contracts with its Asian buyers

May 13, 2014

The decline in the EU countries’ imports of Russian gas will force them to look toward Gulf countries for gas.
23:44 GMT

Egypt’s opportunities for importing liquefied natural gas have increased as a result of US sanctions on Russia

During the signing
11:53 GMT
(press release)

Emirates National Oil Company (ENOC) has signed a Technical Services Agreement (TSA) with Dubai Carbon Centre of Excellence (DCCE).

May 12, 2014

Kuwait began importing LNG in 2009 and signed deals with Shell and Swiss-based trader Vitol to supply it from April to October, the period of peak power demand, for the last four years.
04:55 GMT

Kuwait wants to burn LNG instead of resorting to diesel and crude oil, which have higher harmful emissions, KPC added.

Last year, extra supplies of liquefied natural gas from former ally Qatar helped ease the burden.
04:55 GMT

The government said last week that gifted fuel from Gulf nations including Saudi Arabia that supported Mursi’s ouster last July totalled $6bn.

May 11, 2014

Iran's vice president for legal affairs Elham Aminzadeh said "some sanctions have been lifted. But problems continue."
17:33 GMT

Iran's deputy oil minister for petrochemicals, said "nothing has changed compared with last year" in terms of petrochemical sales to the EU.

During the event
11:24 GMT
(press release)

GNL Quintero SA (GNLQ), has been awarded the ‘Safety and Health Management at Work Award’ in the medium-business category at the Tucapel González García Awards 2014.

During the event
10:41 GMT
(press release)

Emirates National Oil Company (ENOC) organised a free Hepatitis C screening programme for all staff members of ENOC and EPPCO, in partnership with Merck (known as MSD outside the United States and Canada).