Oil & Energy

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“The region between Iraq and Syria has emerged as the ideal black market to sell the oil as the territory is under their control,” he said.
August 24, 2014 - 20:52 GMT
The oil being sold by Isil ranges between $25 (Dh91.75) per barrel to $60 per barrel compared to the current market prices, which on Friday traded for about $102 for Brent crude.

November 19, 2013

Solar glass is a rapidly expanding business market. (Image credit: Shutterstock)
04:51 GMT

Dubai Investments (DI), the largest investment company listed on the Dubai Financial Market (DFM), on Monday announced the launch of the first-of-its-kind, colored solar glass, which is capable of generating energy on its own.

November 18, 2013

Adel Khalifa Al Shaer and his accompanying delegation with officials of Bapco
05:43 GMT

His Excellency Adel Khalifa Al Shaer, the acting general manager at Emirates General Petroleum Corporation “Emarat” made a visit with a delegation from Emarat to Bahrain Petroleum Company “Bapco”.

November 17, 2013

Ms Eman Al Awadhi, KIPCO’s Acting Group Communications Director
07:42 GMT

KIPCO, the Kuwait Projects Company, has announced its Platinum Sponsorship of the 30th Conference of the National Union of Kuwaiti Students, USA Branch (NUKS-USA).

ENOC Aviation
05:03 GMT
(press release)

ENOC Aviation will highlight its growing competencies globally in the supply of high quality jet fuel that meets industry specifications and as per agreed time schedules, at the upcoming Dubai Airshow 2013.

November 14, 2013

Even in oil rich MENA, solar energy is projected to grow. (Image credit: Shutterstock)
05:42 GMT

The photovoltaics and solar thermal power plants market in the Mena region’s solar energy sector is expected to reach 3.5 gigawatts by 2015

November 13, 2013

OCTAL PET Complex - Salalah
08:43 GMT
(press release)

OCTAL has recently introduced an Organizational Development Manager (ODM) position at the company’s PET Complex in Salalah to oversee the advancement of Omani employees.

OPEC provides 35 percent of the world's oil supply and expects total demand to reach approximately 90.78 mbpd next year (Shutterstock)
06:17 GMT

The Organization of Petroleum Exporting Countries (OPEC) has increased its 2013 forecast for oil demand growth based on " expectations of better-than-expected improvement" within developed country economies

  The return of Iran to the international community would be beneficial for its neighboring countries including the Persian Gulf Arab states, the top international oil executive has said.
04:55 GMT

Total SA, Europe’s biggest oil refiner, will resume business with Iran if diplomatic talks lead to the removal of sanctions, Chief Executive Officer Christophe de Margerie said at a conference in Abu Dhabi.

November 12, 2013

Lower oil prices and decreases in global demand further serve as a "deficit threat" for many Arab states since oil export receipts currently account for 80 percent of government revenues throughout the GCC (Shutterstock)
13:06 GMT

The International Monetary Fund released a report Tuesday that states that energy exporting states in the Arab world are "not saving enough of their oil windfall" and may collectively face a fiscal deficit by 2016 if current policies do not change.

Oman Oil Marketing Company at Traffic Safety Expo 2013
11:24 GMT
(press release)

Driving national efforts to reduce road accidents, Oman Oil Marketing Company (omanoil) is sponsoring Traffic Safety Expo 2013 for the 4th consecutive year.

During the event
08:34 GMT
(press release)

EQUATE Petrochemical Company announced its sponsorship of Boca Juniors Academy special needs football training course.

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
05:48 GMT

Emirates General Petroleum Corporation "Emarat" has launched a unique promotional campaign that offers its customers a Salik AED 200 recharge card+ an Etisalat Wasel Sim Card for only AED 200.

More people in the GCC will be swapping out their old bulbs for energy efficient LEDs. (Image credit: Shutterstock)
05:41 GMT

The inflow of infrastructure investments into the region due to an increasing population, and upcoming events such as the 2022 FIFA World Cup is creating such opportunities for the GCC LED lighting market.

November 11, 2013

DEWA
10:18 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has commenced implementation of the Smart Networks and Meters project.

Regional ministers said that Gulf residents are 'taking advantage' of government energy subsidies and opting for vehicles that have big engines and are not fuel efficient (Courtesy of Boston University)
07:20 GMT

Regional ministers blamed energy subsidies in the Middle East as the root cause of excessive energy consumption in the GCC during Sunday's opening day of the Abu Dhabi International Petroleum Exhibition and Conference.