Oil & Energy

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Instability and civil wars in the MENA region had a recent impart on oil supplies and demand (File/AFP)
July 23, 2014 - 12:12 GMT
According to a report, oil supply growth will reduce over the next 18 months. This comes with many risks. Why is the Middle East's oil industry experiencing a downfall?

July 16, 2013

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.

Solar Park project at Seih Al Dahal is in progress
06:59 GMT

The construction at the Mohammed bin Rashid Al Maktoum Solar Park project at Seih Al Dahal is in progress and going on schedule.

During the event
06:40 GMT
(press release)

Emirates Gas will distribute free Liquefied Petroleum Gas refills to underprivileged families of widows and orphans in Dubai, Ajman and Umm Al Quwain, through the Holy Month of Ramadan until the end of the year.

July 11, 2013

Lebanon blames Fatmagül failure
15:55 GMT

The Turkish operator of an electricity-producing barge assumes the responsibility for a monthlong stoppage in power production and urged the Lebanese state to seek compensation for the breach of the agreement terms.

OPEC's report is the second of this month's trio of oil supply and demand forecasts to emerge
12:55 GMT

OPEC's share of the world market will shrink in 2014 as rising supply of U.S. shale oil gives the exporter group little comfort from the fastest growth in world demand in four years.

The nuclear site has existed since 2006 with the first series of subterranean tunnels and four external depots recently completed
11:21 GMT

An exiled Iranian opposition group claimed on Thursday to have evidence of a hidden nuclear site located in tunnels beneath a mountain near the town of Damavand.

Dubai Electricity and Water Authority
11:00 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) is organising Iftars for employees from all nationalities every day, during the Holy Month of Ramadan.

ENOC's Heat Stress Awareness Campaign at Cylingas
10:35 GMT
(press release)

More than 200 staff members of Cylingas, a subsidiary of Emirates National Oil Company (ENOC), attended a ‘Heat Stress Awareness Campaign’ organised by ENOC’s Occupational Health Clinic.

Iranian shipments can still come to Jebel Ali; shipments can go from the UAE to Iran
09:55 GMT

Harsher economic sanctions on Iran will result in a further squeeze in trade volumes with the UAE.