Oil & Energy

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Baghdad remained adamant in opposing any independent arrangements to ship oil from Kurdistan away from its control.
August 18, 2014 - 21:00 GMT
Two oil tankers Minerva Joy and the United Kalavrvta seem to symbolize the future of Iraq and whether it will remain a unified entity or will break up.

April 7, 2014

Dubai is expected to be ranked second after London in terms of gold trade
06:54 GMT

The value of gold traded through Dubai stood at $75 billion last year, representing 40 per cent of the world’s physical gold trade.

Heikal made his comment while discussing a government scheme to use coal in cement factories in order to reduce subsidies, despite criticism from campaigners and the environment ministry
03:55 GMT

Sawiris then retweeted a post saying: "Like father like son… He pretends to be a socialist after the first 50 million," a clear reference to Heikal, who is widely believed to be living in London.

April 3, 2014

The LED lighting system has revolutionised the lighting industry
12:55 GMT

The Abu Dhabi City Municipality’s initiative to replace the old lighting systems in six pedestrian underpasses with modern LED lights has helped reduce their power consumption by 33 per cent.

April 2, 2014

Pump oil from the Kirkuk oilfields to Turkey's Ceyhan is still stopped more than two weeks ago
08:53 GMT

A source in the North Oil Company said that the pumping oil from the Kirkuk oilfields to the Turkish port of Ceyhan is still stopped

The solar plant is expected to be ready and connected to the national grid in mid-2015
06:56 GMT

Jordan will sign an agreement with Spain’s Elecnor this month to build a $150 million wind-operated power plant in the southern city of Maan.

April 1, 2014

During the event
13:04 GMT
(press release)

In celebration of Earth Hour 2014, Oman Oil Marketing Company (omanoil) hosted fun-filled, eco-conscious activities in the dark at MGM to educate visitors and especially children on the value of proactive behavior for the conservation of the planet.

Deputy Assistant Secretary for Energy Diplomacy, Amos Hochstein, speaks during an interview with The Daily Star in Beirut, Monday, March 31, 2014. (Image: The Daily Star/Hasan Shaaban)
12:52 GMT

The US is urging Lebanon not to drill into disputed zones to avoid conflict.

The two companies will build power generation facilities in the southern region, each with 10-megawatt capacity
07:07 GMT

Jordan on Monday signed deals with two companies to build two solar energy-run power plants.

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