Oil & Energy

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For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14, 2014 - 04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

October 3, 2013

 France has been the first country to sign government to government agreement on nuclear and energy with Saudi Arabia.
13:08 GMT

France is ready to be Saudi Arabia's strategic partner in the field of nuclear and renewable energy.

"As it is, 80 percent of energy subsidies do not benefit those in need," explained Galal, who stressed that the amount was "double the spending on education and four times the spending on health."
11:54 GMT

Egyptian government plans to cut spending on energy subsidies by diversifying its sources of energy to ease pressure on subsidised fuels.

Emarat’s booth at the Exhibition
07:13 GMT

Emirates General Petroleum Corporation “Emarat” presented its strategy for promoting its trademarks during its participation in the “Emirates Franchise” exhibition.

Omanoil booth at INFRA 2013
05:53 GMT
(press release)

Oman Oil Marketing Company sponsored the International Exhibition for Infrastructure and Industrial Projects and showcased the company’s stronghold of offering turnkey solutions for fuel supply and management.

October 2, 2013

"I do not think that with this quantity OPEC is in trouble," Badri said.
15:43 GMT

"But I don't think that this has either the resource base or the economics to replace Middle East oil," he added. The IEA advises industrialized countries on energy policy.

ENOC at Hawkamah Governance Forum
08:42 GMT
(press release)

Emirates National Oil Company highlighted its corporate governance model at the Hawkamah Governance Forum held in Dubai.

Khaled Badri honoring Mohamed Yousuf Al Khajah
07:03 GMT

Dubai Municipality’s Children City honored “Emarat” for its participation in sponsoring the different educational activities and programs that were carried out during the summer vacation.

During the event
06:44 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) marked the World Heart Day celebrations as part of its strategy to enhance Ccorporate Social Responsibility and support community initiatives.

September 30, 2013

During the campaign
12:55 GMT
(press release)

Dubai Electricity and Water Authority announced the launch of the new Be Water Smart campaign as part of its strategy to raise awareness on the importance of rational water consumption and the need to conserve natural resources.

ENOC joins hands with Tristar
11:45 GMT
(press release)

Emirates National Oil Company has joined hands with Tristar Transport.

During the honoring ceremony
06:54 GMT

Emarat, praised the corporation’s employees at various stations in Dubai and the Northern Emirates, for their honesty and civilized behavior and dedication to their assigned duties.

September 29, 2013

During the event
08:43 GMT
(press release)

His Highness Sheikh Ahmed Bin Saeed Al Maktoum has signed a memorandum of understanding with Sam Pai, Chairman, China Sonangol Group.

Mohammad Husain, EQUATE President & CEO
06:45 GMT
(press release)

EQUATE Petrochemical Company announced its sponsorship of the 2nd Middle East Process Engineering Conference & Exhibition under the patronage of His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister of Bahrain.

Rashed Al Jarwan with Simon Cattle and Andy Laven in presence of Abdulrahman Qasim Al Ali
06:17 GMT

Mr. Rashed Al Jarwan, chairman of Emoil Petroleum Storage welcomed Mr. Simon Cattle President Oil & Gas Integrated Supply & Trading, Middle East, in his new capacity as a member in Emoil’s board of directors.

September 25, 2013

During the event
12:00 GMT
(press release)

EQUATE Petrochemical Company was recognized with Arabian Business Corporate Social Responsibility (CSR) Achievement Award 2013 for the third consecutive year in terms of Kuwaiti organizations.