Oil & Energy
June 16, 2014
Employees from Oman Oil Company and its group of companies recently visited the Association of Early Intervention for Children with Disabilities in Muscat and Al Noor Association for the Blind in Sohar.
Brent crude edged above $113 a barrel, up more than $4 this week, on concerns that an insurgency in Iraq could trigger civil war and eventually crimp oil exports.
June 15, 2014
Saudi Arabia has suggested OPEC meet just once a year, rather than twice, a sharp reduction from the days when the group met for up to seven times a year in the early 2000s.
Emirates General Petroleum Corporation "Emarat" is collaborating with Dubai Roads and Transportation Authority (RTA) in order to promote safe driving for motorist on long routes, with emphasis on customer who travel from Dubai to Saudi Arabia.
June 12, 2014
ENOC staff members marked Hag El Leila, the traditional Emirati festival, by visiting the Rashid Centre for Disabled to distribute sweets to the children.
June 11, 2014
The Competency & Career Development unit, within the Group Human Resources Department at Emirates National Oil Company (ENOC), organised a seminar on ‘Self-development’.
In November 2013, Iranian MP Hossein Sobhani-Nia said China had agreed to use $20 billion of blocked Iranian money to fund development projects in Iran to circumvent the international sanctions imposed on the country.
June 10, 2014
Last month, the OPEC member's government warned that spending outpaced revenues and this could lead to a budgetdeficit in 2017/2018 after years of surpluses.
June 9, 2014
In 2009, a joint Iran-Venezuela oil company was established to build a refinery in Syria with a capacity to refine 140,000 barrels of crude oil per day.
Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.
June 8, 2014
The whole of the region will register a surplus equivalent to 16.7 per cent of its gross domestic product.
The central bank has managed investment of the kingdom's foreign currency reserves until now, much of it in US Treasury bonds.
A wave of protests at oil facilities has reduced the North African country’s oil output to less than 200,000 barrels a day down from 1.4 million bpd in July before the strikes started.
June 4, 2014
Emirates National Oil Company (ENOC) has won the Dubai Human Development Appreciation Award at the 2013 cycle of the Dubai Human Development Award (DHDA).
June 3, 2014
A total of $3.5 billion was realised by South Sudan from its crude oil sales between June 2013 and May this year, the country's petroleum and mining ministry announced.