Oil & Energy

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Fuel prices in Jordan are “expensive” and do not match the average income of the majority of people, Majali said.
October 21, 2014 - 22:47 GMT
The drop in international oil prices is good news for Jordanians, if it is reflected “fairly” on domestic fuel prices.

September 15, 2013

New York crude had struck $112.24 a barrel at the end of August, which was the highest level for more than two years.
07:49 GMT

Oil prices fell Friday as dealers monitored diplomatic efforts to get Syria to give up its chemical weapons and avert a US-led military attack that could disrupt crude supplies.

Hesham Ali Mustafa, Senior Director, ENOC Gas Marketing
06:21 GMT
(press release)

Emirates Gas, a subsidiary of the Emirates National Oil Company, has launched “Emirates Gas” App, a new application for smartphones, exclusively for its customers and the society at large in the UAE.

September 12, 2013

Dozens of Lebanese firms are moving their operations abroad, the head of the Beirut Chamber of Commerce told The Daily Star Wednesday, amid what he termed was an “unprecedented economic slowdown.”
10:37 GMT

An industry source who declined to be identified told The Daily Star that one major producer of tissue paper recently relocated a production line to Egypt, in a move that reduced electricity costs by up to $500,000 a year

September 9, 2013

The IEA comprises OECD countries that hold strategic inventories which can be released in the event of a supply disruption in oil markets.
14:24 GMT

Supply outages from Libya and concerns the escalating situation in Syria could spill into other Middle East countries has pushed up prices for international benchmark Brent by nearly $8 this month to over $115 a barrel.

Omanoil JV Terminal
08:59 GMT
(press release)

Oman Oil Marketing Company’s Joint Venture Mina Al Fahal Distribution Terminal with Al Maha Petroleum has achieved a milestone of 21 years of safe operations without Lost Time Injury.

September 5, 2013

The biggest damage resulting from the closure of oil facilities is the reduction in the production of oil and gas, which has caused a deficit in the general budget of the Libyan state.
14:54 GMT

The Libyan government said strikes at its oil fields and export terminals were pushing production levels back toward lows witnessed during the civil war.

During the meeting
07:31 GMT
(press release)

Dubai Electricity and Water Authority received a delegation from Ajman Free Zone Authority to further strengthen collaboration between the two parties.

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.