Oil & Energy
November 18, 2014
Faced with tough international financial penalties, Iran has turned in recent years to China, Russia and Turkey to finance major projects.
November 17, 2014
He said he expected OPEC members to stick with the current output ceiling.
Iran’s oil minister accused some countries on Sunday of making up excuses to justify their refusal to stabilise prices by cutting output.
November 16, 2014
ZOOM, the convenience store concept owned and operated by ENOC Retail, has won the ‘Most Admired Retailer of the Year – Food & Grocery’ honour at the Retail Middle East Awards 2014.
Jordan Phosphate Mines Company profits rose by 217.3 percent in the first nine months of 2014 due to maximized operations.
Emarat’s pavilion at the Abu Dhabi Petroleum Exhibition and Conference (ADIPEC) this year witnessed significant interest from a wide range of visitors.
November 14, 2014
The Gulf nation aims to raise the amount of crude oil it can pump by one-quarter, to 4.0 million barrels per day, by 2020.
November 13, 2014
Zangeneh made a similar plea with the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, during his stopover in Doha on Monday.
Global demand for oil from Opec next year will be far below its current output level because of the US shale boom,
November 12, 2014
EQUATE Petrochemical Company, Kuwait’s first international petrochemical joint-venture, received BGreen’s Lifetime Achievement Award 2014 for sustainability related achievements.
Abu Dhabi Marine Operating Company signed three big-scale contracts worth an estimated $3 billion for the widely anticipated Nasr Full Field Development Project.
The Islamic State of Iraq and the Levant (ISIL) may have smuggled oil into Turkey with donkeys carrying it across the border.
November 11, 2014
OPEC, which supplies about 40 percent of the world’s oil, meets Nov. 27 to debate supply.
"You need to do something about subsidies. Maybe a producing country can turn into a consumer country," Sabt said on the sidelines of an energy conference in Abu Dhabi.
Adnoc, has so far invested $70 billion to develop new oil and gas fields and to boost the current output capacity of the UAE to 3.5 million barrels per day by 2017.