Oil & Energy
January 5, 2014
Limited production has resumed in Libya’s Al Sharara oilfield, blockaded since October 28 by residents of the southern region of Ubari, a National Oil Company (NOC) official said on Sunday.
The Dubai Mercantile Exchange ended 2013 on a record high with its flagship DME Oman Crude Oil Futures contract posting year-on-year average daily volume trading growth of 36 per cent with 6,355 lots per day.
ENOC Retail, the retail business subsidiary of Emirates National Oil Company (ENOC), has opened its ZOOM Market stores in Dubai Shopping Centre in Deira and at Bab Al Bahr in Ras Al Khaimah.
December 31, 2013
According to the IEA data, oil production from non-OPEC countries, led by the US Canada and Brazil, will increase to 56.5 million barrels a day by 2014, he added.
A delegation from different oil companies in Indonesia, visited Emarat to observe the procedures and processes adopted by the Corporation in the fields of service stations management.
December 29, 2013
The Retail Sales Department at Emirates General Petroleum Corporation "Emarat" recently organized a cricket championship for the employees at its service stations.
December 26, 2013
Higher prices and improved demand outlook are expected to increase the 2014 year-on-year earnings of top 10 Saudi Arabian petrochemical companies.
The contract “is the first ever for oil and gas exploration in Syria’s waters,” head of the General Petroleum Company Ali Abbas told AFP.
December 25, 2013
Bahrain announced Tuesday that it will "gradually raise" its national diesel fuel selling price to "reduce [the country's] heavy subsidy burden."
December 24, 2013
At least 45,000 South Sudanese civilians have sought protection at badly overstretched UN bases amid brutal fighting that has spread to half of the young nation’s 10 states, the United Nations said Tuesday
Dana Gas received $53 million from the Egyptian Government Tuesday as part of its outstanding receivable from Cairo worth $330 million.
December 23, 2013
Emirates General Petroleum Corporation "Emarat" recently organized a ceremony for Emarat's stations supervisors in appreciation of their substantial efforts in supervising the service stations of the Corporation.
December 22, 2013
Mesaieed Petrochemical Holding Co, a unit of state-owned energy giant Qatar Petroleum, will launch a 3.2 billion-riyal ($880 million) initial public offering of its shares in the local market next month.
Staff members of the Emirates National Oil Company were actively involved in cleaning up the environment as part of the company’s Corporate Social Responsibility (CSR) commitment.
December 19, 2013
Emirates National Oil Company (ENOC) has unveiled its most ambitious Corporate Social Responsibility (CSR) campaign to date with the launch of the ‘Human Fuel’ initiative.