Oil & Energy
May 8, 2014
Oman’s government is looking closely at cutting costly subsidies in the sultanate, with petrol an obvious target, the minister for financial affairs said on Wednesday.
Former army chief Abdel-Fattah El-Sisi, who is expected to win the presidency, has suggested he will take a cautious approach to Egypt's energy troubles, saying the government cannot get rid of costly subsidies overnight.
May 7, 2014
The letter of intent (LOI) contemplates a contract term of 15 years and a total gross sales quantity of up to 2.5 trillion cubic feet (Tcf) of natural gas.
Oman Oil Marketing Company’s Facebook page has been recognized by the Pan Arab Web Awards Academy for social media interactivity in the oil and gas sector.
The International Monetary Fund (IMF) on Tuesday called on OPEC member Kuwait to contain a rapid rise in public wages and subsidies to safeguard the economy against oil price shocks.
May 6, 2014
The “Fasttrack” centers for vehicles’ maintenance and repair, an affiliate of Emirates General Petroleum Corporation, and in cooperation with Michelin AIM FZE, has organized tire safety training for its staff, for four days.
May 5, 2014
OCTAL, the world’s leading clear rigid packaging material supplier, will showcase Oman’s research and development prowess at the Interpack trade fair, in Düsseldorf, Germany, from 8-14 May 2014.
Iran's South Pars field, located in southern part of the country, exported gas and oil to 29 countries during the last Iranian calendar year (started on 20 March 2013).
Lebanese officials are calling for new policies that will allow the country's wealthy diaspora abroad to invest in teh country's up and coming offshore oil sector.
The UAE submitted its bid this week to host the World Energy Congress 2019 in Abu Dhabi.
The retail sales department at Emirates General Petroleum Corporation "Emarat", has elevated its recognition program for honoring distinctive employees working at its service stations, to a higher level.
May 4, 2014
Emirates National Oil Company (ENOC) is supporting the Holy Quran Memorisation Competition 2014 organised by the Sheikh Mohammed Centre for Cultural Understanding (SMCCU).
Iran announced this weekend that they are ready to supply the EU with natural gas to meet the continent's growing energy needs.
Hamdan bin Mohammed Center for Cultural Revival honored Emirates General Petroleum Corporation “Emarat” for its vital participation in supporting the Center’s activities and programs during the current year.
May 1, 2014
Leading Canadian company SNC-Lavalin won a major oil contract from Abu Dhabi's Company for Onshore Oil Operations (Adco) with the intention to produce 25,000 oil barrels a day.