Oil & Energy

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Naimi has already survived more than one price crash by acting decisively.
February 1, 2015 - 18:00 GMT
After all, 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.

January 11, 2015

"Without doubt, cooperation of countries that are on the same line in OPEC can neutralise the plans of some powers who are against OPEC, stabilising a reasonable price for oil in 2015," Rouhani said. (Photo: Your Middle East.)
11:40 GMT

OPEC members Iran and Venezuela are reeling from a slide in the cost of crude to around $50 per barrel from $100 just six months ago

During EQUATE Polyethylene Technical Seminar for Kuwait plastic manufacturers
11:27 GMT
(press release)

EQUATE Petrochemical Company, Kuwait’s first international petrochemical joint-venture, said that its partnership with local plastic manufacturers has resulted in increasing its sales in Kuwait by over 400% since 1998.

Abdulla Hassan Al Noman
08:48 GMT

Emirates General Petroleum Corporation "Emarat" retail’s management has always been giving priority to training programs for its front-line staff, believing that the nature of their work requires direct and constant contact with customers.

Kuwait also has plans to raise heavy oil production to around 270,000 bpd by 2030 only if needed.
05:55 GMT

Kuwait has awarded a $4.2 billion (3.5 billion euro) to develop heavy oil fields in the north of the country, the central tenders committee announced Thursday.

January 8, 2015

ENOC weight-loss campaign
09:53 GMT
(press release)

‘Move it, Lose it’ is the new watchword for employees at Emirates National Oil Company (ENOC), a wholly-owned entity of the Government of Dubai.

During the event
06:57 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) and the Water, Energy Technology and Environment Exhibition (WETEX) donated AED 1 million each towards the ‘Show Compassion’ (Tarahamu) campaign.

January 7, 2015

The strong greenback makes dollar-priced oil more expensive for buyers using weaker currencies, and this weighs on demand and prices.
23:35 GMT

European benchmark Brent oil sank under $50 on Wednesday for the first time since 2009.

During the visit
07:18 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) visited the construction site of the Solar Testing Facility at the Mohammed bin Rashid Al Maktoum Solar Park.

January 6, 2015

The Gaza Marine reserve was discovered in 2000.
12:47 GMT

While it was reported in Jordan yesterday that the negotiations on importing Israeli gas from the Leviathan reserve had been halted.

Up to $3 billion of Brent contracts will be bought versus $1.14 billion of WTI contracts, the bank estimated.
11:41 GMT

Oil extended losses on Tuesday to touch fresh 5-1/2-year lows, following a 5 per cent plunge in the previous session as a slew of bearish factors added to supply woes.

During the event
10:33 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) has visited the construction site of the transformer maintenance workshop DEWA is building at Al Ruwayyah, in Dubai.

Oman Oil Marketing Company
08:54 GMT
(press release)

Oman Oil Marketing Company (omanoil) recorded investing over 90% of its expenditure in the local market, with Small and Medium Enterprises (SMEs) contracted for logistics, maintenance, marketing and legal services.

During the event
04:40 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with the Roads and Transport Authority (RTA) to enhance their existing strategic partnership.

January 5, 2015

During the event
08:11 GMT
(press release)

Emirates National Oil Company (ENOC) and Emirates Petroleum Products Company (EPPCO), Strategic Partners of the Dubai Festivals & Retail Establishment (DFRE), are celebrating Dubai Shopping Festival (DSF) 2015.

During the opening
05:46 GMT
(press release)

ADNOC Distribution has opened a new vehicle inspection center in Abu Dhabi to meet the evolving customer needs for comprehensive services such as issuing and renewing vehicle licenses.