Oil & Energy

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Saudi will produce 41 gigawatts of solar energy by 2032 (File Archive)
April 21, 2014 - 14:00 GMT
Saudi Arabia is planning to invest $109 billion in its solar energy sector by 2032, which will provide a third of the country's overall energy requirement by that time.

December 5, 2013

Energy ministers from Opec countries agreed yesterday to keep the group’s target for crude output unchanged at 30mn bpd.
14:56 GMT

“We have rolled it over,” Saudi Arabia’s Ali al-Naimi told reporters after three hours of closed-door talks finished in Vienna. “We are all satisfied.”

UAE wants 1% of its total energy production to come from solar power by 2020 (Courtesy of the Arabian Gazette)
12:49 GMT

A senior official from Dubai Electricity and Water Authority (DEWA) told reporters Thursday that electricity and water consumption in the country's largest city is expected to increase by 20% as the Emirate begins to prepare for the 2020 World Expo.

Libya hopes to reopen all its oil ports on Dec. 10 and resume full production about a week later after the Libyan army threatened to use force against armed protesters.
03:55 GMT

Asked how soon after Dec. 10 Libya could get production back to normal, the minister said: "From one week to 10 days."

December 4, 2013

Iran's Oil Minister Bijan Zanganeh said that Tehran has "no technical difficulties to expand our exports and to return to four millions barrels a day" once political obstacles, referring to sanctions, are lifted (Courtesy of Press TV)
06:59 GMT

Iran's Oil Minister Bijan Zanganeh announced Tuesday that it will "immediately" export more crude oil once sanctions are lifted.

December 3, 2013

Previously, Iran has dealt with foreign companies through “buybacks”. According to sources, the meetings in London will allow Iran to present the findings of a review of these contractual terms.
10:53 GMT

The roadshow will involve discussions over the nature of contracts that the Islamic Republic is willing to offer in return for investment to drill new wells.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
06:20 GMT

The service stations of Emirates General Petroleum Corporation "Emarat" are decorated with Posters and POS displaying the logo of the 42nd National Day of the United Arab Emirates.

NBK cautioned that over the next year or so, the trade balance could shrink a little: oil markets could loosen, putting downward pressure on prices or encouraging OPEC
03:55 GMT

The NBK said the near-term outlook for exports looked solid

December 2, 2013

The Iranian administration has set oil price to $100 per barrel in the next year’s national budget bill, IRNA quoted Iranian MP Ja’far Qaderi as saying on Sunday.
14:22 GMT

The government revenues have forecasted to reach 800 trillion rials (about $32.1 billion), he said

During the meeting
09:53 GMT
(press release)

The Dubai Electricity and Water Authority (DEWA)’s Women Association hosted an educational trip for members of ‘Energising Ladies’ of AES-SONEL Cameroon.

Saudi Arabia is planning to allocate more funding to develop renewable energy sources in the Kingdom (Shutterstock)
07:31 GMT

Saudi's Minister of Water and Electricity told reporters Sunday that the government will spend $29 billion (SR 110 billion) on new projects to improve water and power infrastructure

December 1, 2013

The US oil shale boom will not impact Qatar's LNG leadership. (Image credit: Shutterstock)
07:44 GMT

Despite the US shale gas revolution, Qatar is unlikely to lose its leading role in the global energy market for many more years due to strong Asian demand, a new report has shown.

7th ENOC Challenge
04:50 GMT
(press release)

Emirates National Oil Company (ENOC) is offering professional training for special needs individuals who were recommended by the Rashid Paediatric Therapy Centre.

November 27, 2013

Nuclear may be the way of Saudi's energy future as industry leaders project a growth of job opportunities in this controversial sector (File Archive)
09:16 GMT

Leaders of Saudi industrial companies are meeting with French counterparts this week to discuss nuclear supply chain development and collaboration.

During the event
04:22 GMT
(press release)

Dubai Electricity and Water Authority has started celebrations for the UAE's 42nd National Day with a variety of national and traditional events with the participation of DEWA’s employees, partners, and customers.

Currently, one litre of unleaded 90-octane gasoline is sold at JD0.810, while a litre of 95-octane is priced at JD0.98.
03:55 GMT

The nuclear deal reached between Iran and world powers in Geneva on Sunday could also be a boon for the Jordanian fuel market in the coming weeks, an oil expert predicted Monday.