Oil & Energy
May 29, 2014
Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in the next 25 years.
Emirates General Petroleum Corporation will participate in the Global No Smoking Day, on May 31st, 2014.
May 28, 2014
Brent crude, a benchmark for international oils, was up 13 cents to $110.15 on the ICE exchange in London.
The vehicles lube oils products manufactured by Emirates General Petroleum Corporation “Emarat” have been granted the Emirates quality certificate by the Emirates Authority for Standardization and Metrology.
May 27, 2014
Emirates National Oil Company (ENOC) has launched its dedicated App to support the Smart Dubai vision.
May 26, 2014
The 115km-long pipeline would run overland for 74km, with the remaining 31km being sub-sea.
The country is currently exporting about 1.2 million barrels per day and has projected 1.5 million barrels of daily sales in the national budget for the year.
May 25, 2014
Iraqi engineers began repairs Saturday to a northern oil pipeline that has been disabled for months by militant attacks, costing the country millions of dollars in lost revenues, officials said.
Sovereign wealth funds in China and Qatar signaled their increased commitment to Russia, boosting Moscow’s hopes of strengthening ties with Asia and the Middle East as relations with the West deteriorate.
Saudi Energy 2014 is set to surpass the success of the 2013 edition that gathered 7,564 visitors.
May 22, 2014
ENOC Lubricants Marketing, the lubricants business division of ENOC Marketing, has joined hands with their partners in Uganda, City Lubes, to host its 6th Business Meet in Uganda, Africa.
The plant, he said, will have a capacity of 300-400 metric tonnes per year and can be expanded to 1,500 metric tonnes per year at a later stage.
Average of 663 cubic metres of water allocated per person; amount expected to drop below 582 cubic metres by 2025
May 21, 2014
Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping to increase its sovereign wealth fund to over $500 billion
The new simulators are among the world’s most advanced nuclear training devices and the first of their kind in the Middle East.