Oil & Energy
June 2, 2013
Emirates National Oil Company has announced that the retail price of diesel will be reduced by 20 fils per litre across all its ENOC/EPPCO service stations with effect from today (June 1, 2013).
May 30, 2013
Mena Infrastructure Fund LP, a leading specialist infrastructure private equity fund, sponsored by Waha Capital PJSC, Fajr Capital Ltd and HSBC Group, has acquired a 20 per cent shareholding in Sohar Power Company SAOG.
May 29, 2013
Kuwait National Petroleum Co said yesterday that it has signed a $516 million contract with South Korean Daelim Industrial for the repair and expansion of sulphur processing facilities at the Gulf state's largest refinery of Mina Al-Ah madi.
The oil-rich UAE began construction yesterday of a second nuclear power plant, one of four reactors aimed at cutting carbon dioxide emissions by some 12 million tonnes a year in 2020.
Emirates General Petroleum Corporation “Emarat” has entrusted to Sharjah’s Classic Cars Museum a collection of its equipment and old petroleum pumps.
May 28, 2013
French firm Solar Euromed is to build a pilot solar energy station and laboratory in southern Jordan.
Proper regulatory and policy frameworks are required to reach this potential, says expert.
A group of NGOs have announced their opposition to a proposed loan from the European Bank for Reconstruction and Development (EBRD) to fund oil drilling projects in Egypt.
EQUATE Petrochemical Company sponsored the American Society of Safety Engineers (ASSE) - Kuwait Chapter beach cleanup day.
The UAE could economically deploy solar power generation capacity of more than 20GW by 2030 if avoided.
Mehdi Commercial Enterprises has opened its first chain of Freshplus stores, the trademark owned by Emirates General Petroleum Corporation.
Abu Dhabi-based global energy company, Taqa, is working on plans to build a 100 megawatt, $850 million utility scale waste-to-energy plant in Abu Dhabi to generate power for 20,000 households.
GCC states, particularly the UAE, Qatar and Saudi Arabia, plan to award contracts worth nearly Dh250 billion ($68 billion) during the next five years to raise gas production, despite the focus on renewable and nuclear energy.
The Oman Mining and Quarrying Summit, organised by IQPC Middle East in coordination with Global Exhibitions and Conferences, opened on Monday at the Golden Tulip Muscat.
May 27, 2013
Abu Dhabi’s International Petroleum Investment Co (IPIC) expects to receive $4 billion in cash for a crude pipeline it built in the Gulf state, enabling it to repay some upcoming debt maturities, as US crude oil futures fell below $94 per barrel on Monday on growing concerns over economic slow down in China