Oil & Energy
October 23, 2012
Oman, the biggest Arab oil producer that isn't a member of the Organisation of Petroleum Exporting Countries (Opec), is pumping an average of 915,000 barrels a day of crude in 2012, the Oil Minister has confirmed.
The country’s fuel and lubricants provider of choice, Oman Oil Marketing Company, has won the Phoenix Power Company’s tender to supply fuel to Oman’s first independent power project in Sur.
Iraq plans to spend up to $1.6 billion on solar and wind power stations over the next three years to add 400 megawatts (MW) to the national grid to help curb daily blackouts, an official from the ministry of electricity said.
The governors of Organisation of Petroleum Exporting Countries (Opec) have gathered in Vienna to select a new secretary-general for the first time in six years, with four countries vying for the position.
October 22, 2012
Iran halted gas exports to Turkey after a blast damaged the pipeline in the Turkish territories, authorities announced on Monday.
October 21, 2012
Oman Oil Marketing Company has chosen Jawad Business Group’s one-stop auto-shop, Auto-o’s, to be the exclusive dealer of omanoil-branded lubricants in the Kingdom of Bahrain.
Yemen has recently received a number of requests from Arab and foreign companies to invest in oil sector, Oil and Minerals Minister said on Saturday.
Egypt’s tourist guides are planning for an open strike after stoppages 15-17 November, charging that the Ministry of Tourism has ignored their long-time demands, the state-run Arabic-language Al-Ahram news reported Saturday.
Dana Gas announces that its joint-venture, the Egyptian Bahrain Gas Derivatives Company, EBGDCo, NGL extraction plant region has loaded its first propane cargo on 1 October, 2012.
Iraq's oil exports from its southern ports have risen by 120,000 barrels per day (bpd) so far in October versus last month, according to shipping data, suggesting the country is on course to reach its highest export rate in decades.
October 18, 2012
Iranian private oil firms are set to take the European Union to court after companies took issue with the new tougher sanctions, which they have described as "illegal", according to the state-backed Fars news agency.
Leading international oil firms will get first-hand information about the initial findings of Lebanon’s massive gas wealth under the sea during a meeting in London on Wednesday.
Egypt will soon announce details of an auction for the planned import of liquefied natural gas (LNG), in a move that will be rely heavily on the private sector, as the country seeks to import over 1 billion cubic feet of natural gas daily.
US Navy officials in Bahrain have hit back at criticism of a major mine-sweeping exercise in the Gulf designed to show global will to keep oil shipping lanes open as Israel and Iran trade threats of war.
October 17, 2012
Oman Oil Marketing Company (omanoil) awarded an iPad 3 and iPhone 5 to two lucky Facebook competition winners as part of its Customer Service Week celebrations.