Oil & Energy
December 10, 2014
Lawmakers on Wednesday recommended that the government shelve a planned natural gas deal with Israel following two long sessions dedicated to discussing the controversial issue.
Buying Israeli gas will save the Jordanian economy $1.5 billion a year.
A breakdown in OPEC solidarity or a price war among producers for market share will lead to an “enormous price-dive shock.”
British oil major BP plans to invest more than $12 billion in Egypt over the next five years.
December 9, 2014
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan
EQUATE Petrochemical Company sponsored Kuwait’s fifth annual convention on the occasion of “The International Day of Persons with Disabilities” organized by Training Gate International.
December 8, 2014
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.
With one month to go, 2014 is already the best year for hiring in 15 years.
The UAE is the first Gulf Arab state to start building a nuclear power plant to generate energy.
"Such a drop is unprecedented," he said in a speech to parliament carried live on state television, noting that the government had been cautious in its forecasts.
Mr. Abdulla Hassan Al Noman, Senior Manager Retail Operations at Emirates General Petroleum Corporation "Emarat", praised the corporation’s employees at various stations in Dubai and the Northern Emirates, for their honesty and civilized behavior and dedication to their assigned duties.
December 7, 2014
His Excellency Adel Khalifa Al Shaer, General Manager at “Emarat, paid a visit with a delegation from Corporation to Aramco in the Kingdom of Saudi Arabia.
Kuwait Fire Safety Directorate (KFSD) and EQUATE Petrochemical Company, announced continuing their sustainable partnership in all relevant fields through joint international training courses for KFSD’s staff and company employees.
Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010.
December 4, 2014
Some analysts expect prices to fall further after bearish comments from key OPEC members.