Oil & Energy

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Saudi will produce 41 gigawatts of solar energy by 2032 (File Archive)
April 21, 2014 - 14:00 GMT
Saudi Arabia is planning to invest $109 billion in its solar energy sector by 2032, which will provide a third of the country's overall energy requirement by that time.

April 25, 2013

The IMF has warned Sudan to use its new oil money wisely
13:10 GMT

The Sudanese government should use renewed oil revenue to provide a foundation to its economy, an International Monetary Fund representative said.

Dubai Electricity and Water Authority
10:53 GMT
(press release)

International School International School of Arts & Science visited the new DEWA power and desalination plant in Jebel Ali.

April 24, 2013

Iran considers the logical price of crude to be around $100 to $120 a barrel
13:47 GMT

Iran is currently negotiating with members of the Organization of Petroleum Exporting Countries to maintain oil prices around $100 in international markets.

Oil prices will dip as demand weakens coupled with increased output, experts predict
12:27 GMT

A supply glut driven by increased crude output from the US, Canada and Iraq and demand loss from the US is expected to sharply drive down oil prices in the coming years, an expert predicted.

Fuel prices in Jordan are set to drop
08:04 GMT

Fuel prices in Jordan are to drop again, following the governments decision to set prices in line with market costs.

April 23, 2013

The EU has eased its sanctions on Syria in an effort to boost the rebels
11:52 GMT

The EU has decided to lift its oil embargo on Syria, in an effort to boost the opposition.

Egypt has awarded gas exploration deals for the Nile Delta region
11:18 GMT

Energy firms Dana Gas, ENI and Sea Dragon announce they have been awarded exploration rights in Egypt's Nile Delta and eastern Mediterranean in an EGAS bid round on 18 April.

OCTAL - Health Day - Staff Blood Pressure Hypertension Awareness
10:35 GMT
(press release)

OCTAL, the world’s leading clear rigid food packaging material supplier, recently organized a 'Check Your Blood Pressure Week’ for employees in Salalah as part of its efforts to support World Health Day.

Iran is owed billions in oil revenues which customers who have been unable to pay because of sanctions imposed on the Islamic republic
09:53 GMT

Iran is owed $4 billion for oil sales to customers who have been unable to pay because of sanctions imposed on the Islamic republic over its nuclear programme, according to an official.

April 22, 2013

Iran is looking to try and sell oil to North Korea.
13:12 GMT

Despite international sanctions over Iran's alleged nuclear ambitions, Tehran is looking to try and sell oil to North Korea.

Eni, the Italian energy company, is hoping to ensure the safety of the Trans-Mediterranean gas pipeline
12:38 GMT

Italian energy company Eni is keen to ensure the safety of a natural gas pipeline, which crosses Tunisia, Chief Executive Officer Paolo Scaroni said.

Saudi Arabia is maintaining its commitment to global oil stability, according to the Kingdom's Finance Minister
09:42 GMT

Saudi Arabia has reiterated its commitment to the stability of the international oil market, a minister from the the oil-rich

April 21, 2013

During Kuwait Energy Annual General Meeting of shareholders
10:45 GMT
(press release)

Kuwait Energy, one of the fastest growing independent oil and gas companies in the Middle East, today announced record results for the year 2012 during its Annual General Meeting of shareholders.

09:20 GMT
(press release)

PwC research shows that the Middle East recorded a substantial increase in banking M&A deal values from USD 1.5bn in 2011 to nearly USD 7bn in 2012, resulting from six transactions.

During ENOC Fazza Championship
08:12 GMT
(press release)

Emirates National Oil Company (ENOC), is extending its support as a gold sponsor of the fifth edition of the Fazza Championship, the sports event for special needs athletes.