Oil & Energy

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Reorganizing the shipments thanks to delayed efforts to secure a terminal will add to headaches.
July 11, 2014 - 03:16 GMT
Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags.

June 17, 2014

Some of the possible company targets include Kuwait Oil Company, Petroleum Development Oman, Qatar Petroleum, Saudi Aramco, ADNOC, ENOC and Bahrain Petroleum Company.
12:12 GMT

The threat, made by Anonymous, a politically motivated group of hacktivists, states that they are planning to attack before, during, and after June 20, 2014.

OCTAL Chairman of OCCI Salalah Branch, Sheikh Abdullah Al Rawas during visit to OCTAL PET Complex
05:36 GMT
(press release)

OCTAL welcomed the Chairman of the Oman Chamber of Commerce and Industry (OCCI) Salalah Branch, Sheikh Abdullah bin Salim Al Rawas, and a number of OCCI Board Members at the company’s state-of-the-art PET Complex.

Imports of oil from Iran often swing widely from month to month as one of South Korea's two refiners to import Iranian oil usually buys the crude only every other month.
04:55 GMT

South Korea and other Asian buyers are supposed to hold their crude imports from the OPEC member at end-2013 levels under the terms of the Geneva accord between Iran and six major powers.

June 16, 2014

During the event
09:49 GMT
(press release)

A study on the corporate governance framework of Emirates National Oil Company (ENOC), has won the first prize at a case study competition organised by the GCC Board Directors Institute in partnership with London Business School.

Oman oil visit
05:25 GMT
(press release)

Employees from Oman Oil Company and its group of companies recently visited the Association of Early Intervention for Children with Disabilities in Muscat and Al Noor Association for the Blind in Sohar.

Escalating violence in Iraq drove crude oil and the dollar higher on Friday while damping the appetite for global equity markets, even as bullish news from the US tech sector lifted stocks on Wall Street.
03:55 GMT

Brent crude edged above $113 a barrel, up more than $4 this week, on concerns that an insurgency in Iraq could trigger civil war and eventually crimp oil exports.

June 15, 2014

The OPEC meetings since 2012 have produced no policy change.
19:45 GMT

Saudi Arabia has suggested OPEC meet just once a year, rather than twice, a sharp reduction from the days when the group met for up to seven times a year in the early 2000s.

Mr. Hussain Kazim, Manager Corporate Communications at Emarat
07:20 GMT

Emirates General Petroleum Corporation "Emarat" is collaborating with Dubai Roads and Transportation Authority (RTA) in order to promote safe driving for motorist on long routes, with emphasis on customer who travel from Dubai to Saudi Arabia.

June 12, 2014

During the event
05:25 GMT
(press release)

ENOC staff members marked Hag El Leila, the traditional Emirati festival, by visiting the Rashid Centre for Disabled to distribute sweets to the children.

June 11, 2014

Emirati entrepreneur and motivational speaker Hala Kazim presents her guest lecture on ‘How to Love Yourself’ for ENOC’s Emirati staff members
05:25 GMT
(press release)

The Competency & Career Development unit, within the Group Human Resources Department at Emirates National Oil Company (ENOC), organised a seminar on ‘Self-development’.

Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.
04:55 GMT

In November 2013, Iranian MP Hossein Sobhani-Nia said China had agreed to use $20 billion of blocked Iranian money to fund development projects in Iran to circumvent the international sanctions imposed on the country.

June 10, 2014

The Gulf state is also revising subsidies on electricity, water and petrol, currently sold at well below cost.
09:34 GMT

Last month, the OPEC member's government warned that spending outpaced revenues and this could lead to a budgetdeficit in 2017/2018 after years of surpluses.

June 9, 2014

Although the plans for the construction operations have actually been suspended, the contracts have not been cancelled.
14:32 GMT

In 2009, a joint Iran-Venezuela oil company was established to build a refinery in Syria with a capacity to refine 140,000 barrels of crude oil per day.

“The finance required to implement the projects is planned to be secured through attracting foreign investment,” he added.
13:49 GMT

Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.

June 8, 2014

The GCC’s situation is quite unique at the global level.
12:23 GMT

The whole of the region will register a surplus equivalent to 16.7 per cent of its gross domestic product.