Oil & Energy

Featured Story:

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?

June 3, 2013

Shop & Win with ahlain
12:36 GMT
(press release)

Oman Oil Marketing Company has announced the first nine winners out of a total 19 in the first draw of the 9th edition of Shop & Win with ahlain.

$200 million solar power plant in Jordan with generation capacity of 80 to 100 megawatts
06:32 GMT

Venezuela’s Pacific Rim Energy is interested in establishing a $200 million solar power plant in Jordan with generation capacity of 80 to 100 megawatts.

Restructuring energy subsidies is a major step if Egypt wants to reach an agreement on a $4.8 billion loan from the International Monetary Fund
06:22 GMT

Egypt has begun implementing the first phase of a project to distribute petrol from depots to gas stations using smart cards as part of a plan to restructure the energy subsidies.

June 2, 2013

Oman Oil Company Exploration and Production LLC (OOCEP)
10:10 GMT

Oman Oil Company Exploration and Production LLC (OOCEP), an upstream oil and gas subsidiary of Oman Oil Co, has awarded a US$40mn engineering, procurement and construction (EPC) contract to Abu Dhabi-based National Petroleum Construction Co (NPCC).

US shale oil production has added 850,000 barrels per day to its current production levels
10:08 GMT

Saudi Arabia exported nearly 1.06 billion barrels of oil in the first five months of the current year that yielded SR 428.6 billion, an economic expert was quoted by the local media.

Emirates National Oil Company
06:57 GMT
(press release)

Emirates National Oil Company has announced that the retail price of diesel will be reduced by 20 fils per litre across all its ENOC/EPPCO service stations with effect from today (June 1, 2013).

May 30, 2013

The landmark transaction was awarded “Middle East Infrastructure Equity Deal of the Year”
11:48 GMT

Mena Infrastructure Fund LP, a leading specialist infrastructure private equity fund, sponsored by Waha Capital PJSC, Fajr Capital Ltd and HSBC Group, has acquired a 20 per cent shareholding in Sohar Power Company SAOG.

May 29, 2013

Kuwait has three refineries with a daily production capacity of around 930,000 barrels
10:51 GMT

Kuwait National Petroleum Co said yesterday that it has signed a $516 million contract with South Korean Daelim Industrial for the repair and expansion of sulphur processing facilities at the Gulf state's largest refinery of Mina Al-Ah madi.

South Korean firms including Samsung, Hyundai and Doosan Heavy Industries will build the four 1,400-megawatt reactors
10:29 GMT

The oil-rich UAE began construction yesterday of a second nuclear power plant, one of four reactors aimed at cutting carbon dioxide emissions by some 12 million tonnes a year in 2020.

Some of the Emarat’s old fuel pumps in the museum
06:28 GMT

Emirates General Petroleum Corporation “Emarat” has entrusted to Sharjah’s Classic Cars Museum a collection of its equipment and old petroleum pumps.

May 28, 2013

The Jordanian Royal Scientific Society is collaborating in the project
12:19 GMT

French firm Solar Euromed is to build a pilot solar energy station and laboratory in southern Jordan.

The 100MW plant will generate clean energy to power 20,000 homes in the UAE
12:00 GMT

Proper regulatory and policy frameworks are required to reach this potential, says expert.

They urged the EBRD “to reject the loan, or at least postpone its decision”
11:00 GMT

A group of NGOs have announced their opposition to a proposed loan from the European Bank for Reconstruction and Development (EBRD) to fund oil drilling projects in Egypt.

EQUATE beach cleanup
09:49 GMT
(press release)

EQUATE Petrochemical Company sponsored the American Society of Safety Engineers (ASSE) - Kuwait Chapter beach cleanup day.

Dr. Steve Griffiths, Executive Director, Institute Initiatives, Masdar Institute of Science and Technology
09:20 GMT
(press release)

The UAE could economically deploy solar power generation capacity of more than 20GW by 2030 if avoided.