Oil & Energy

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“The people will go out ... to bring down the government if the price of fuel is raised.”
July 22, 2014 - 04:55 GMT
In the long run, reducing the subsidies would be good news for the state budget; they cost about $3 billion last year, or a third of state revenue.

February 26, 2014

Dr. Rahma bin Mohamed Al Shamsi honors a staff member in the presence of Abdulla Al Noman, Abdulraoof Abdul Aziz and Darren Smith.
08:52 GMT

Emirates General Petroleum Corporation "Emarat" honored 34 employees at its service stations in Dubai and the Northern Emirates who have been working for 10 years or more.

February 25, 2014

Gaza's Islamic University carried out preliminary tests that suggest there is a natural gas field near the coast of the Gaza Strip (Shutterstock)
16:51 GMT

Gaza may be home to natural gas deposits, according to a Hamas MP this week.

During the event
05:25 GMT
(press release)

Dubai Electricity and Water Authority has taken part in a Winter Awareness Camp organised in February by the Directorate General of Civil Defence in Dubai.

Turkey will also import at least 5 million tons (100,000 barrels per day) of Iranian crude in 2014, the same amount that it purchased last year,
03:55 GMT

Commenting on Turkey’s complaint to the International Court of Arbitration about the price of the gas Iran supplies to Turkey, Araqi said Iran will not accept any request from Turkey to lower the price

February 24, 2014

Oman Oil Marketing Company CEO Omar Qatan and the winners of the CEO Award of Excellence
12:30 GMT
(press release)

Oman Oil Marketing Company’s CEO, Engr. Omar bin Ahmed Salim Qatan, has awarded employees for their dedication to upholding the highest standard of customer care at the third annual CEO Award of Excellence.

ENOC National Development Programme Graduates
12:18 GMT
(press release)

Emirates National Oil Company (ENOC) today honoured over 40 young UAE Nationals, including 16 ladies, who graduated in the fourth cycle of ENOC’s UAE National Development Programme (NDP).

ArabPlast 2015 will showcase latest technologies and track market trends of the Middle East petrochemicals industry
07:55 GMT

Kingdom of Saudi Arabia (KSA) has become the country partner of ArabPlast 2015, the largest plastics and petrochemicals show in the region.

Dubai Electricity and Water Authority
05:55 GMT
(press release)

Dubai Electricity and Water Authority has marked a significant milestone in its mission to install and launch substations, with the commissioning of an AED 118 million substation at Dubai Airport Free Zone this month.

February 23, 2014

Group Participants with Equate CEO & President - Mohammad Husain
08:26 GMT
(press release)

EQUATE Petrochemical Company, Gulf Petrochemicals & Chemicals Association (GPCA) and Environment Public Authority (EPA) organized a beach clean-up day.

Jordan and Iraq are speeding up their measures and efforts to construct the pipeline, a senior official at the Aqaba Special Economic Zone Authority (ASEZA) told The Jordan Times.
03:55 GMT

"Iraq will provide Jordan with oil at preferential prices,” Mahadin added.

February 20, 2014

The Tamar partners will sell the gas over 15 years starting 2016.
20:05 GMT

The contract, worth $500 million was mediated by US Deputy Assistant Secretary for Energy Diplomacy at the State Department Amos Hochstein,

At the start of 2014, Iraq has become one of the world’s fastest-growing emerging markets, offering huge opportunities for those fast and flexible enough to gain a foothold
19:53 GMT

The value represents 28 percent of some $519 billion that have been poured into ongoing projects or will be invested in projects in the pipeline.

The Kingdom, the world’s largest crude exporter, shipped 7.54 million barrels a day on average last year, up from 7.41 million barrels a day in 2012.
19:33 GMT

Saudi Arabia exported more crude oil in 2013 than in any year since at least 2002, according to official statistics posted on the website of the Joint Organizations Data Initiative (JODI).

February 19, 2014

Ahmad Bin Shafar, CEO of Empower
11:51 GMT
(press release)

Ahmad Bin Shafar, CEO of Empower has held talks in the US with the International District Energy Association (IDEA) to bring its District Cooling Conference back to Dubai.

During the event
08:46 GMT
(press release)

Oman Oil Company (OOC) held a training workshop for the Executive Management Committee and senior project representatives from OOC group of companies.