Oil & Energy

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“The region between Iraq and Syria has emerged as the ideal black market to sell the oil as the territory is under their control,” he said.
August 24, 2014 - 20:52 GMT
The oil being sold by Isil ranges between $25 (Dh91.75) per barrel to $60 per barrel compared to the current market prices, which on Friday traded for about $102 for Brent crude.

September 2, 2013

“Our top priority at JIB is to attract investments in the renewable energy sector due to the dire need of the Kingdom to diversify energy resources," said Awni Rushound, CEO of the Jordan Investment Board.
07:26 GMT

Foreign investments remain crucial to financing Jordan's renewable energy aspirations, and other countries are ready to jump on the bandwagon.

September 1, 2013

Based on the agreement, Iran would earn $3.7 billion a year from natural gas exports to Iraq.
13:55 GMT

Deputy Iranian Oil Minister Javad Owji put the cost of the 48-inch pipeline at 342 million dollars.

During the visit
12:34 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) received at its Sustainable Building in Al Quoz, a delegation from the Federal Electricity and Water Authority (FEWA).

The International Atomic Energy Agency (IAEA) is providing technical assistance to GCC states in this regard.
09:24 GMT

GCC states are developing a regional emergency response system in case of nuclear or radiological disaster, a report said.

August 28, 2013

Sultan Qaboos Bin Said of Oman (Getty)
12:08 GMT

On the sidelines of the visit, the governments of the Sultanate and Iran signed a number of agreements of co-operation in the fields of oil and gas.

ENOC Retail ZOOM Market
11:06 GMT
(press release)

ENOC Retail has extended the convenience of its flagship retail store, ZOOM Market, to Jumeirah Beach Residence (JBR), with a brand new outlet in the Dorra Bay Tower.

Sara Akbar, Kuwait Energy’s Chief Executive Officer
10:49 GMT
(press release)

Kuwait Energy announces an oil discovery at its El Salmiya-2 well, located in its Abu Sennan concession in the Western Desert, Egypt.

August 27, 2013

The Putin-Bandar meeting was injected with threats of a “dramatic turn of events” in Syria (Photo Credit: Getty images).
11:31 GMT

Prince Bandar, head of Saudi intelligence, allegedly approached the Kremlin with a mix of carrot-and-stick approach coupled with a package of economic incentives.

August 26, 2013

EQUATE President & CEO Mohammad Husain with AIChE and faculty members
09:26 GMT
(press release)

EQUATE Petrochemical Company participated in a seminar by the American Institute of Chemical Engineers Kuwait University Student Chapter (AIChE) at Kuwait University.

During the meeting
08:42 GMT
(press release)

The Marketing and Corporate Communications Division of Dubai Electricity and Water Authority (DEWA) has received a delegation from Dubai Police at its headquarters in Zabeel East.

August 25, 2013

OPEC member Venezuela has the world's largest proven oil reserves and produces up to three million barrels a day.
13:51 GMT

"It is an agreement of cooperation and solidarity with our oil industry... a sale of fuel at a fair price," Jaua said at a press conference.

August 22, 2013

Dubai Electricity and Water Authority
13:00 GMT
(press release)

Dubai Electricity and Water Authority in collaboration with the Dubai Health Authority has presented a lecture on the corona virus known as the Middle East Respiratory Syndrome virus.

August 21, 2013

DEWA's Nurseries
12:30 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has announced the launch of a new nursery at its Warsan branch.

McDonald's UAE presented ENOC Award
07:53 GMT
(press release)

Emirates National Oil Company awarded McDonald’s UAE with its prestigious “Strategic Partnership” title for the second time.

August 20, 2013

Goldman Sachs said Monday it expected tighter oil markets to propel Brent to $115 “in the very near term.”
08:00 GMT

“Bloodshed and unrest in Egypt and the disruption of oil supplies from Libya have put a floor under oil prices.”