Oil & Energy

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For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14, 2014 - 04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

June 16, 2013

EQUATE officials receiving CIPS CSR Award
09:31 GMT

EQUATE Petrochemical Company has earned “The Best Contribution for Corporate Social Responsibility” award during the “Middle East Awards 2013” by the Chartered Institute of Purchasing & Supply.

Mohammed bin Tameem during receiving a trophy from Saeed Mohammed Al Tayer
06:41 GMT

Emirates Environmental Group honored Emirates General Petroleum Corporation "Emarat" for its continuous support of the group's programs and activities.

The Kingdom has this potential because it is located close to the equator
06:00 GMT

An expert here believes that the Kingdom is likely to spend all its oil on electricity in the country by 2031 if current consumption continues, and has called for an urgent program to harness solar energy.

June 13, 2013

ZOOM stores
11:04 GMT
(press release)

Emirates National Oil Company is celebrating the first event in the three-month long calendar of events with a festive array of prizes for customers during Dubai Summer Surprises to be held until July 7, 2013.

10:35 GMT
(press release)

Masdar Institute of Science and Technology announced that three students have successfully completed a semiconductor chip design using GLOBALFOUNDRIES 65nm process.

In Dubai, there are currently 11 plants varying from 400 megawatts to 1,400 megawatts
05:30 GMT

The GCC is on the threshold of a major power revolution, with investments in the sector estimated at $250 billion in the next five years, according to a new study.

June 12, 2013

The pound has more than halved in value since South Sudan became independent in July 2011
11:39 GMT

Sudan's currency has fallen close to a record low against the dollar on the black market since Khartoum threatened to halt cross-border oil flows with South Sudan as import firms fear a dollar scarcity will worsen, dealers said.

June 11, 2013

Total and Qatari officials weren’t immediately available for comment.
11:46 GMT

Qatari investors have increased their stake in Total to 4.8 percent, said news website Wansquare on Monday. According to the news website, investors from Qatar have increased their participation in the past year and notably in recent weeks.

June 10, 2013

Minister of Petroleum and Natural Resources Sherif Hadarra
12:35 GMT

An Egyptian delegation arrived in Doha yesterday to secure a natural gas deal, as Egypt continues to suffer from fuel bottlenecks leading to frequent power cuts.

ENOC and University of San Francisco
10:55 GMT
(press release)

Emirates National Oil Company hosted a delegation of students and faculty members from the University of San Francisco, who visited the company as part of their Global Immersions educational visit.

“We are not moving as some expected us to move. We are moving at our own pace..."
10:46 GMT

Russia’s Rosneft is under no pressure to sell assets to fund debt repayments and will decide how to streamline its business once cost savings from a takeover of rival TNK-BP become clear, its finance chief said.

June 9, 2013

Bahrain's  consumption now is nearly 3,000MW per day
11:36 GMT

A project that aims to nearly double the amount of power produced in Bahrain to help meet its future water and electricity demands is gathering pace.

During the event
10:08 GMT
(press release)

OCTAL honored 34 staff members for surpassing five years of service and for their contributions towards OCTAL’s growth.

June 6, 2013

The waivers were granted to major oil importers China, India, Malaysia, Republic of Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan
12:46 GMT

The waivers were granted to major oil importers China, India, Malaysia, Republic of Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan.

Iraq has been one of the countries Sudan has turned to for help with its financial woes
10:54 GMT

Sudan's investment minister Mustafa Osman Ismail has announced that the Iraqi government agreed on Tuesday to sell it oil but pay for its price at a later date.