Oil & Energy
February 3, 2014
Oman Oil Company (OOC) has deployed the Oracle Hyperion financial management portfolio to achieve flexible consolidation of financial and management data across its group of companies.
February 2, 2014
Following the implementation of a nuclear deal between the Islamic Republic and the six world powers, Tehran has received the first installment of its $4.2-billion funds previously blocked overseas.
OPEC's oil output has risen since its December low due to a partial recovery in Libya's oil supply.
Crude exports from Iraq declined in January to an average of 2.228 million barrels per day (bpd) but should rise next month, Oil Minister Abdul Kareem Luaibi said.
January 30, 2014
The combined oil reserves of Iraq and Iran are greater than that of Saudi Arabia - the world’s second largest producer of crude after Russia.
January 29, 2014
Power cuts have become frequent in Egypt even in winter when consumption is considerably lower than in the summer.
As part of its ‘I Promise’ health awareness program, Oman Oil Marketing Company (omanoil) has launched an internal anti-smoking campaign designed to encourage kicking the habit for a healthier life.
January 27, 2014
Former French ambassador to Iran Francois Nicoullaud told Reuters those French firms that operated in Iran before the sanctions wanted to return.
Iraq cannot finance its projected 2014 budget deficit unless the northern Kurdistan region pays its oil export revenue into the national treasury – or loses its share of state spending.
HE Saeed Mohamed Al Tayer, MD and CEO of the Dubai Electricity and Water Authority (DEWA), received a delegation from PUB, Singapore’s National Water Agency.
The Jan. 22 power outage shut down all three of Kuwait's refineries.
January 26, 2014
UAE will build its first 40MW solar power development in Ras Al Khaimah.
Emirates Authority for Standardisation & Metrology has officially nominated Emirates Gas, a subsidiary of Emirates National Oil Company, as the executors of Compressed Natural Gas activities in the UAE.
January 22, 2014
The United Arab Emirates is consuming far too much energy and may have to raise prices to encourage consumers to change, the energy minister said.
Iraq’s oil exports and revenues declined in 2013 compared to the previous year, official figures showed Wednesday