Oil & Energy
June 8, 2014
The central bank has managed investment of the kingdom's foreign currency reserves until now, much of it in US Treasury bonds.
A wave of protests at oil facilities has reduced the North African country’s oil output to less than 200,000 barrels a day down from 1.4 million bpd in July before the strikes started.
June 4, 2014
Emirates National Oil Company (ENOC) has won the Dubai Human Development Appreciation Award at the 2013 cycle of the Dubai Human Development Award (DHDA).
June 3, 2014
A total of $3.5 billion was realised by South Sudan from its crude oil sales between June 2013 and May this year, the country's petroleum and mining ministry announced.
ENOC Lubricants Marketing (ELM), the lubricants business division of ENOC Marketing, will highlight its range of premium solutions at Automechanika Dubai 2014.
June 2, 2014
Oman based OCTAL showcased its low-waste, high-performing, cost-effective and environmentally-conscious PET packaging material to over 175,000 high ranking visitors from 120 nations at Interpack, Europe’s leading packaging trade fair.
Oil revenues account for the lion's share of government income, and the authorities are seeking to dramatically ramp them up to fund much-needed reconstruction of Iraq's conflict-battered economy and infrastructure
May 29, 2014
Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in the next 25 years.
Emirates General Petroleum Corporation will participate in the Global No Smoking Day, on May 31st, 2014.
May 28, 2014
Brent crude, a benchmark for international oils, was up 13 cents to $110.15 on the ICE exchange in London.
The vehicles lube oils products manufactured by Emirates General Petroleum Corporation “Emarat” have been granted the Emirates quality certificate by the Emirates Authority for Standardization and Metrology.
May 27, 2014
Emirates National Oil Company (ENOC) has launched its dedicated App to support the Smart Dubai vision.
May 26, 2014
The 115km-long pipeline would run overland for 74km, with the remaining 31km being sub-sea.
The country is currently exporting about 1.2 million barrels per day and has projected 1.5 million barrels of daily sales in the national budget for the year.
May 25, 2014
Iraqi engineers began repairs Saturday to a northern oil pipeline that has been disabled for months by militant attacks, costing the country millions of dollars in lost revenues, officials said.