Oil & Energy

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Oil prices have been falling – and plummeting, spiraling, nose-diving and just generally heading downwards – over the past few months.
December 17, 2014 - 04:55 GMT
Here is a look at three of the Middle East’s most affected economies – some of which are already on the brink of a serious crisis.

February 24, 2014

ArabPlast 2015 will showcase latest technologies and track market trends of the Middle East petrochemicals industry
07:55 GMT

Kingdom of Saudi Arabia (KSA) has become the country partner of ArabPlast 2015, the largest plastics and petrochemicals show in the region.

Dubai Electricity and Water Authority
05:55 GMT
(press release)

Dubai Electricity and Water Authority has marked a significant milestone in its mission to install and launch substations, with the commissioning of an AED 118 million substation at Dubai Airport Free Zone this month.

February 23, 2014

Group Participants with Equate CEO & President - Mohammad Husain
08:26 GMT
(press release)

EQUATE Petrochemical Company, Gulf Petrochemicals & Chemicals Association (GPCA) and Environment Public Authority (EPA) organized a beach clean-up day.

Jordan and Iraq are speeding up their measures and efforts to construct the pipeline, a senior official at the Aqaba Special Economic Zone Authority (ASEZA) told The Jordan Times.
03:55 GMT

"Iraq will provide Jordan with oil at preferential prices,” Mahadin added.

February 20, 2014

The Tamar partners will sell the gas over 15 years starting 2016.
20:05 GMT

The contract, worth $500 million was mediated by US Deputy Assistant Secretary for Energy Diplomacy at the State Department Amos Hochstein,

At the start of 2014, Iraq has become one of the world’s fastest-growing emerging markets, offering huge opportunities for those fast and flexible enough to gain a foothold
19:53 GMT

The value represents 28 percent of some $519 billion that have been poured into ongoing projects or will be invested in projects in the pipeline.

The Kingdom, the world’s largest crude exporter, shipped 7.54 million barrels a day on average last year, up from 7.41 million barrels a day in 2012.
19:33 GMT

Saudi Arabia exported more crude oil in 2013 than in any year since at least 2002, according to official statistics posted on the website of the Joint Organizations Data Initiative (JODI).

February 19, 2014

Ahmad Bin Shafar, CEO of Empower
11:51 GMT
(press release)

Ahmad Bin Shafar, CEO of Empower has held talks in the US with the International District Energy Association (IDEA) to bring its District Cooling Conference back to Dubai.

During the event
08:46 GMT
(press release)

Oman Oil Company (OOC) held a training workshop for the Executive Management Committee and senior project representatives from OOC group of companies.

Simon Green with some awardees employees
06:48 GMT

The General Headquarters of Ras Al Khaimah Police honored a number of employees at the Cards Marketing Section in Emirates General Petroleum Corporation “Emarat”.

The energy shortage problem facing factories will continue this year and the next year, Abdel Nour said.
03:55 GMT

In December, Abdel Nour announced that EGP 1.5bn will be allocated to build the infrastructure for 32 industrial zones in 22 different governorates.

February 18, 2014

HE Shaikha Lubna Bint Khalid Al Qasimi, HE Abdul Aziz Abdulla Saeed Al Ameri, HE Saeed Fadhel Ahmed Al Mazrooei, Mr Laith Al Fraih
11:07 GMT
(press release)

The ENEC has completed another milestone in the development of the UAE’s peaceful nuclear energy program by installing one of the largest condensers in the Middle East region for the UAE’s first nuclear energy plant.

Gas use at oilfields rose 4.9 per cent to 9,047mn m3 in 2013
07:55 GMT

The consumption of natural gas in the sultanate grew by 3.2 per cent in 2013, mainly on the increased use of gas in oilfields and growing demand from industrial projects.

Pressure on French energy giant Total to pay more for liquefied natural gas that it ships from Yemen has intensified.
03:55 GMT

Last week, official news agency Saba quoted unnamed judicial sources as saying the government’s Public Funds Prosecution service, had started to probe the arrangement with Total.

February 17, 2014

Oumran added that Egypt is not currently facing any hindrances in its plan to produce renewable energy through wind and solar energy.
22:20 GMT

“The government has a long term plan which aims to generate 5500 MW through the use of traditional energy resources and 250 MW, through renewable energy, by 2027,” Oumran said.