Oil & Energy

Featured Story:

Reorganizing the shipments thanks to delayed efforts to secure a terminal will add to headaches.
July 11, 2014 - 03:16 GMT
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 21, 2013

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.

DEWA Excellence Assessors Club
06:39 GMT
(press release)

Dubai Electricity and Water Authority has launched an ‘Excellence Assessors Club’ to further increase the ability of its employees and enable them to analyse and evaluate the internal operations.

July 16, 2013

Kuwait is pumping around 3 million barrels per day of oil
12:26 GMT

The Gulf state of Kuwait has discovered a new oil and gas field in Kabed area close to the well-known Manageesh oilfield, Hashem Sayed Hashem, CEO of state-owned Kuwait Oil Co said yesterday.

Emirates Gas wins CSR Label for 3rd year
10:46 GMT
(press release)

Emirates Gas has secured the CSR Label award, presented for distinguished corporate social responsibility initiatives by the Dubai Chamber of Commerce & Industry for the third consecutive year.

In June, Washington granted new waivers to China, India, South Korea, and six other countries from the sanctions on Iran
08:55 GMT

South Korea imported 565,444 tons of Iranian crude oil in June, equivalent to 138,157 barrels per day, Reuters reported.

July 15, 2013

The combined annual production of 2 billion cubic feet (bcf) at the Helium 1 and 2 plants will help meet around 25 per cent of current global demand
13:55 GMT

Qatar has now become the world’s largest exporter and second largest producer of liquid helium with the launch of production at the new plant of RasGas Company, said the country’s energy minister.

Saeed Al Tayer MD &CEO Of Dewa
11:48 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has dedicated AED 1 million as a donation to the humanitarian campaign launched by HH Sheikh Mohammed bin Rashid Al Maktoum.

The average monthly blackouts in Bahrain have been cut from 12 hours in 2010 to 3.6 hours last year
09:55 GMT

Power cuts in Bahrain during summer have been significantly decreased in the last three years, said a senior government official.

Kuwait's aid package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products
07:05 GMT

Kuwait has sent two oil tankers carrying crude and diesel worth $200 million to Egypt.

July 14, 2013

Iraq supplied 24.04 million tons of crude oil in 2012-13
09:55 GMT

Union Petroleum and Natural gas Minister Veerappa Moily has said that Iraq has offered three discovered oilfields to India on nomination basis and agreed to renegotiate an oil block that has been pending since 2000.

Abu Dhabi aims to start producing about 500 million cubic feet a day of sour gas in 2014
09:04 GMT

The UAE’s average June oil output was unchanged from May at 2.73 million barrels per day, latest data from the Paris-based International Energy Agency showed.