Oil & Energy

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Libyan crude was two per cent of global oil supplies and valued because it played a key role in Italy, France and Spain’s downstream energy markets.
November 18, 2014 - 20:24 GMT
Libya was one of the Arab world’s leading oil exporters after Colonel Gaddafi’s bloodless coup in 1969

November 14, 2013

Even in oil rich MENA, solar energy is projected to grow. (Image credit: Shutterstock)
05:42 GMT

The photovoltaics and solar thermal power plants market in the Mena region’s solar energy sector is expected to reach 3.5 gigawatts by 2015

November 13, 2013

OCTAL PET Complex - Salalah
08:43 GMT
(press release)

OCTAL has recently introduced an Organizational Development Manager (ODM) position at the company’s PET Complex in Salalah to oversee the advancement of Omani employees.

OPEC provides 35 percent of the world's oil supply and expects total demand to reach approximately 90.78 mbpd next year (Shutterstock)
06:17 GMT

The Organization of Petroleum Exporting Countries (OPEC) has increased its 2013 forecast for oil demand growth based on " expectations of better-than-expected improvement" within developed country economies

  The return of Iran to the international community would be beneficial for its neighboring countries including the Persian Gulf Arab states, the top international oil executive has said.
04:55 GMT

Total SA, Europe’s biggest oil refiner, will resume business with Iran if diplomatic talks lead to the removal of sanctions, Chief Executive Officer Christophe de Margerie said at a conference in Abu Dhabi.

November 12, 2013

Lower oil prices and decreases in global demand further serve as a "deficit threat" for many Arab states since oil export receipts currently account for 80 percent of government revenues throughout the GCC (Shutterstock)
13:06 GMT

The International Monetary Fund released a report Tuesday that states that energy exporting states in the Arab world are "not saving enough of their oil windfall" and may collectively face a fiscal deficit by 2016 if current policies do not change.

Oman Oil Marketing Company at Traffic Safety Expo 2013
11:24 GMT
(press release)

Driving national efforts to reduce road accidents, Oman Oil Marketing Company (omanoil) is sponsoring Traffic Safety Expo 2013 for the 4th consecutive year.

During the event
08:34 GMT
(press release)

EQUATE Petrochemical Company announced its sponsorship of Boca Juniors Academy special needs football training course.

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
05:48 GMT

Emirates General Petroleum Corporation "Emarat" has launched a unique promotional campaign that offers its customers a Salik AED 200 recharge card+ an Etisalat Wasel Sim Card for only AED 200.

More people in the GCC will be swapping out their old bulbs for energy efficient LEDs. (Image credit: Shutterstock)
05:41 GMT

The inflow of infrastructure investments into the region due to an increasing population, and upcoming events such as the 2022 FIFA World Cup is creating such opportunities for the GCC LED lighting market.

November 11, 2013

DEWA
10:18 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has commenced implementation of the Smart Networks and Meters project.

Regional ministers said that Gulf residents are 'taking advantage' of government energy subsidies and opting for vehicles that have big engines and are not fuel efficient (Courtesy of Boston University)
07:20 GMT

Regional ministers blamed energy subsidies in the Middle East as the root cause of excessive energy consumption in the GCC during Sunday's opening day of the Abu Dhabi International Petroleum Exhibition and Conference.

The return of Iran to the international community would be beneficial for its neighbouring countries including the Gulf Arab states, a top international oil executive has said.
04:55 GMT

Country has significant gas reserves and could play an important role as an energy exporter as global energy demands increase

November 10, 2013

During the event
11:59 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), inaugurated the 5th Health and Safety Week held at Dubai Festival City.

During the event
11:31 GMT

In a first-of-its-kind step toward facilitating better education opportunities in remote areas of the Kingdom, through The Princess Alia Foundation initiative "Sustainable Education Through Renewable Energy" Al-Ghwebbeh Secondary Schools.

Abu Dhabi has hosted the ADIPEC conference in years past, with this year's expo expected to attract 50,000 energy professionals from over 80 countries (Courtesy of Arabian Oil & Gas)
07:22 GMT

The Abu Dhabi International Petroleum Exhibition and Conference is set to open Sunday, welcoming more than 50,000 energy professionals from 80 countries from around the world.