Oil & Energy

Featured Story:

For the MENA region, economic dynamics are increasingly diverging between the GCC countries and the rest of the region.
October 20, 2014 - 04:55 GMT
The decline in oil prices will provide significant boost to the oil importing countries in the Middle East.

December 1, 2013

7th ENOC Challenge
04:50 GMT
(press release)

Emirates National Oil Company (ENOC) is offering professional training for special needs individuals who were recommended by the Rashid Paediatric Therapy Centre.

November 27, 2013

Nuclear may be the way of Saudi's energy future as industry leaders project a growth of job opportunities in this controversial sector (File Archive)
09:16 GMT

Leaders of Saudi industrial companies are meeting with French counterparts this week to discuss nuclear supply chain development and collaboration.

During the event
04:22 GMT
(press release)

Dubai Electricity and Water Authority has started celebrations for the UAE's 42nd National Day with a variety of national and traditional events with the participation of DEWA’s employees, partners, and customers.

Currently, one litre of unleaded 90-octane gasoline is sold at JD0.810, while a litre of 95-octane is priced at JD0.98.
03:55 GMT

The nuclear deal reached between Iran and world powers in Geneva on Sunday could also be a boon for the Jordanian fuel market in the coming weeks, an oil expert predicted Monday.

November 26, 2013

EMGAS safety campaign at University of Dubai
09:54 GMT
(press release)

Emirates Gas (EMGAS), a subsidiary of the Emirates National Oil Company (ENOC), organised a training programme on liquefied petroleum gas (LPG) safety awareness for students of the University of Dubai.

Topaz will deploy boats to Azerbaijan's offshore fields during the last quarter of 2013 and the first quarter of 2014 (Courtesy of Shipbuilding Times)
09:46 GMT

Dubai-headquartered Topaz Energy and Marine has won 2 contracts with BP to begin operations in Azerbaijan's largest oil and gas fields.

KSA will use solar power energy to operate its proposed seawater desalination plant (Shutterstock)
09:29 GMT

Saudi Arabia is planning to build the world's largest solar-powered seawater desalination plant in Ras Al Khaimah

During the event
05:13 GMT

Emojet’s pavilion at the Dubai Air Show 2013 attracted several key international and local airlines.

November 25, 2013

Crude futures in New York have slumped 12% since Iranian President Hassan Rohani took office August 1, pledging to end the sanctions crippling his country’s economy.
16:38 GMT

Iran’s pledge to limit nuclear work in return for looser economic sanctions will have a “muted” impact on crude prices as the nation’s oil sales remain capped, said analysts including Societe Generale’s Mark Keenan.

November 24, 2013

Iran exported over 132,000 tons of gasoline, valued at $134 million, in the past Iranian calendar year.
18:14 GMT

The country’s fuel storage capacity is projected to hit 15 billion liters by the end of the Fifth Five-Year Economic Development Plan (2015).

November 21, 2013

Hydrogen cars are appealing because unlike electric vehicles, they have the range of a typical gasoline car and can be refueled quickly.
14:28 GMT

Hydrogen cars are appealing because unlike electric vehicles, they have the range of a typical gasoline car and can be refueled quickly.

ADNOC Technical Vehicle Inspection Centre
04:40 GMT
(press release)

ADNOC Distribution has announced the opening of three new technical vehicle inspection centres in the cities of Liwa, Ghayathi and Delma Island in Abu Dhabi’s Western Region.

November 20, 2013

The country’s ‘Aa2’ foreign and local-currency government bond ratings stand along with similar ratings of Kuwait (‘Aa2’ stable) and the UAE (‘Aa2’ stable).
18:57 GMT

Qatar, which enjoys the “highest” sovereign ratings in the Middle East and “sound” external position, has the lowest break-even oil price in the Gulf region, according to global credit rating agency Moody’s.

Saudi Arabia's Aramco, the largest crude oil exporter in the world, recently bought solar panels from Canada that it will install in one of it's power plants (Courtesy of Zawya)
11:00 GMT

Saudi Arabia met with UN representatives at this year's climate change conference to share best practices its green energy programs.

Kuwait, a key OPEC member, controls nearly 101 billion barrels of proven oil reserves at around three trillion cubic metres of natural gas.
03:55 GMT

Kuwait is pumping billions of dollars into projects to expand its oil production capacity to four million barrels per day from three mbpd within a strategy to maintain its position as one of the world’s largest crude exporters, a Kuwaiti official has said.