Oil & Energy

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Baghdad remained adamant in opposing any independent arrangements to ship oil from Kurdistan away from its control.
August 18, 2014 - 21:00 GMT
Two oil tankers Minerva Joy and the United Kalavrvta seem to symbolize the future of Iraq and whether it will remain a unified entity or will break up.

June 2, 2013

Emirates National Oil Company
06:57 GMT
(press release)

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

The landmark transaction was awarded “Middle East Infrastructure Equity Deal of the Year”
11:48 GMT

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 has three refineries with a daily production capacity of around 930,000 barrels
10:51 GMT

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.

South Korean firms including Samsung, Hyundai and Doosan Heavy Industries will build the four 1,400-megawatt reactors
10:29 GMT

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.

Some of the Emarat’s old fuel pumps in the museum
06:28 GMT

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

The Jordanian Royal Scientific Society is collaborating in the project
12:19 GMT

French firm Solar Euromed is to build a pilot solar energy station and laboratory in southern Jordan.

The 100MW plant will generate clean energy to power 20,000 homes in the UAE
12:00 GMT

Proper regulatory and policy frameworks are required to reach this potential, says expert.

They urged the EBRD “to reject the loan, or at least postpone its decision”
11:00 GMT

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 beach cleanup
09:49 GMT
(press release)

EQUATE Petrochemical Company sponsored the American Society of Safety Engineers (ASSE) - Kuwait Chapter beach cleanup day.

Dr. Steve Griffiths, Executive Director, Institute Initiatives, Masdar Institute of Science and Technology
09:20 GMT
(press release)

The UAE could economically deploy solar power generation capacity of more than 20GW by 2030 if avoided.

Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
08:48 GMT

Mehdi Commercial Enterprises has opened its first chain of Freshplus stores, the trademark owned by Emirates General Petroleum Corporation.

Taqa has completed the feasibility study for the power plant
06:19 GMT

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.

In the Middle East, gas is forecast to overtake oil in demand after 2025
05:30 GMT

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 conference will cover an extensive range of topics, including satisfying global demand by showcasing key underground mining projects
05:00 GMT

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

IPIC has a $659 million facility maturing in June and $2 billion denominated debt maturing in September.
13:48 GMT

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