Oil & Energy

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Reorganizing the shipments thanks to delayed efforts to secure a terminal will add to headaches.
Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags.

July 24, 2013

Currently 22 million litters of gasoline conforming to euro 4 and euro 5 standards is being produced in the country
16:55 GMT

Iran's average gasoline consumption stood at 62.7 million liters per day in the week to July 19, the IRNA News Agency reported.

Around 35,000 barrels of 45,000 barrels of oil extracted in Turkey every day come from the south-eastern provinces
14:55 GMT

Turkey intends to invest up to 2 billion lira in energy projects in the south-eastern provinces of the country in the near future.

The winner
11:15 GMT
(press release)

Emirates National Oil Company brought cheer to the lives of two UAE residents, rewarding them with a Hyundai Veloster car each, as part of the ‘Stop, Shop and Zoom’ Dubai Summer Surprises promotion.

omanoil Staff Iftar with Omar bin Ahmed Qatan and Hussain bin Jama Al Ishaqi
06:59 GMT
(press release)

Oman Oil Marketing Company hosted its annual staff Iftar, where colleagues and families gathered to share the blessings and joys of breaking fast. Commemorating the company’s 10th anniversary.

Iran would pump 25 million cubic meters of natural gas per day to the Iraqi power plants
06:55 GMT

Washington is concerned about a $14.8 billion gas deal, which was signed by Iran and Iraq on Sunday, according to which Iran will supply Iraq with natural gas for four years.

July 23, 2013

Qatar’s initial talks to buy DEA are unlikely to proceed quickly
10:55 GMT

A state-owned Qatari entity has held initial talks with German utility RWE about buying its DEA oil and gas exploration and production unit.

Iran says the nuclear program is for generating power and medical devices
06:37 GMT

The 42-inch 220 kilometer gas pipeline will pass through Iraq’s Mansuriyah gas field near the Iranian border

July 22, 2013

Iran would send 25 million cubic meters of gas daily to Iraq according to the agreement
10:55 GMT

Iranian Deputy Oil Minister Javad Ouji announced Iran and Iraq will sign a gas deal on Sunday, based on which Tehran would start pumping gas to Baghdad by the next one and half month.

South Sudan might collapse without oil, the main source for the budget apart from foreign grants
08:55 GMT

South Sudan plans to sell 6.4 million barrels of oil worth $300 million before shutting down its entire production by the end of July.

July 21, 2013

ENOC's Dates Water campaign
11:13 GMT
(press release)

Emirates National Oil Company, this year, the management and staff of the organisation are taking an active part in the campaign that helps people break their Ramadan fast the healthy way.

Iran would receive nearly USD 10 million a day and USD 3.7 billion a year from natural gas exports to Iraqi power plants
07:10 GMT

Tehran and Baghdad are set to officially sign an agreement for Iran to supply natural gas to neighboring Iraq’s Al-Baghdad and Al-Mansouriyah power plants, an Iranian official says.

July 18, 2013

the Kingdom is aiming to generate 18 GW of nuclear energy, 3 GW of waste to energy, 1 GW of geothermal and an additional 9 GW of wind power, specifically for water desalination plants
15:55 GMT

Saudi Arabia aims to become the world’s foremost market for renewable energy with an aggressive investment budget of $109 billion.

Iraq also plans to build a refinery in the city of Nassiriya
08:17 GMT

Iran is fully prepared to build small oil refineries in other countries should they show interest, Oil Ministry spokesman says.

Iraq also plans to build a refinery in the city of Nassiriya
08:05 GMT

Iran is fully prepared to build small oil refineries in other countries should they show interest, Oil Ministry spokesman says.

July 17, 2013

The current serrated gas cylinder valve (horizontal) has been changed to the new vertical self-closing valve powered by a safety valve to reduce the pressure inside the cylinder to prevent possible damage
09:55 GMT

Cooking gas consumers in Jeddah are experiencing difficulties getting a refill after GASCO notified consumers that they should switch over to the new safety valve, commonly known as a regulator, which was introduced recently.