Oil & Energy

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Oil prices have been falling – and plummeting, spiraling, nose-diving and just generally heading downwards – over the past few months.
December 17, 2014 - 04:55 GMT
Here is a look at three of the Middle East’s most affected economies – some of which are already on the brink of a serious crisis.

November 10, 2013

Power generation, distribution and transmission markets in MENA are expected to grow. (Image credit: Shutterstock)
05:14 GMT

The Middle East and North Africa region will witness a massive wave of investments in the power and water sector.

November 7, 2013

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
05:17 GMT

Under the theme "Tear & Win", Emirates General Petroleum Corporation "Emarat" launched a new promotional campaign aiming to enhance winning opportunities for the customers at its service station.

November 6, 2013

During the event
12:22 GMT

In line with the initiative announced by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of the UAE, to commence a national campaign to celebrate ‘Flag Day’ on 3 November.

Saeed Khoory, Chief Executive Officer and board members of ENOC, at the UAE National Flag hoisting ceremony at ENOC headquarters in Dubai to mark the Flag Day
10:48 GMT
(press release)

Emirates National Oil Company marked the national Flag Day by hoisting the UAE National Flag at the organisation’s headquarters in Dubai and across all offices of its subsidiary and associate companies.

Natural gas is estimated to account for almost a quarter of the world's energy demand by 2035 (Shutterstock)
07:41 GMT

Business Pulse's recent Oil and Gas report projects that natural gas is likely to grow in importance in the Middle East over the next few years and will account for almost a quarter of the world's energy demand by 2035.

Abdulrahman Qasim Al Ali shaking Tayyeb Al Mulla's hand after signing the greement in the presence of Ibrahim Yacoob Al Tamimi
05:56 GMT

Emirates General Petroleum Corporation"Emarat" renewed the lease contract of Emoil’s Petroleum Storage FZCO in Jebel Ali, to Emirates National Petroleum Company Limited “Enoc”, for the year 2014.

November 5, 2013

EQUATE President and CEO Mohammad Husain with PACI Deputy Director General Mansour Al-Methen
07:40 GMT
(press release)

EQUATE and the Public Authority for Civil Information launched self-service kiosks for company employees to issue human resources (HR) certificates by using the Smart Civil ID.

November 4, 2013

ENOC Protec Green
08:31 GMT
(press release)

ENOC Lubricants, the lubricants business division of Emirates National Oil Company (ENOC), will showcase its Protec range of environment-friendly synthetic engine oils at the Dubai International Motor Show.

November 3, 2013

Burhan Al Hashemi of ENOC and Lisa Ruddock of Al Hamra Village inaugurate the first ZOOM Mart in Royal Breeze 1, Al Hamra Village, Ras Al Khaimah
05:11 GMT
(press release)

Emirates National Oil Company (ENOC) today unveiled its first ZOOM Mart, a home-grown 24-hour neighbourhood grocery, in Royal Breeze 1, a residential community in Al Hamra Village, Ras Al Khaimah.

October 31, 2013

India is among Asia’s major importers of energy and relies on the Islamic Republic of Iran to meet a portion of its energy demands.
11:07 GMT

On Sunday, Iran’s Oil Minister Bijan Namdar Zanganeh said that serious plans were on the agenda to boost the country’s oil exports by four times.

During the event
07:57 GMT
(press release)

Ahmad Bin Hamad Al Nuaimi, Chief Executive & General Manager of Arab Petroleum Investments Corporation (APICORP), was presented the ‘Newsmaker of the Year’ award by Lloyd’s List.

Dubai Electricity and Water Authority
04:42 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) launched the first initiative of its kind in the Middle East, called Strategy Pioneers.

October 30, 2013

Iran was one of the top five suppliers of crude oil to China this year and overall production increased, the Organization of Petroleum Exporting Countries said in its monthly market report.
13:42 GMT

In this line, Iranian parliament speaker Ali Larijani traveled to China on Tuesday to discuss mechanisms for paying the debt.

Oil Minister Bijan Zanganeh ordered a "widespread review" of the oil contract process shortly after he took office in August in an effort to revive investment in Iran's oil sector (Courtesy of Press TV)
07:11 GMT

Iran's oil ministry will produce a new framework for contract agreements, including oil production sharing, within the next six months to encourage the return of foreign energy investment.

October 29, 2013

“The Kingdom is the largest producer of oil, while China is the second largest country in the world, which has a great energy demand,” Al-Suwaiyel said.
12:10 GMT

There is thus a strong need for the two countries to enhance their cooperation to develop scientific and applied research in oil refining and renewable sources for mutual benefits, he said.